4-Office Medical
For Sale
Contact for pricing
100 W Main Street, Peotone, IL 60468
Reception and waiting areas are part of a flexible office layout with several possible room configurations.
Property Size1,000 SF
Price / SF$0.02
Days on Market36
Property Features for 100 W Main Street
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Office
Building Details
Year Built
1965
Listing Agency:
Clarke Co.,Inc. R.E.
(815) 469-7700
Listed By:
Gregory Clarke · License #471013636
(815) 295-2282
Source:
Helenoliveri
Added: Sep 28
Changed: Oct 30
Last Checked: Oct 30 at 1:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Clarke Co.,Inc. R.E.
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Investment Insights
Based on property information with market context.
This 1,000-square-foot medical office space includes a reception area, a waiting area, and rooms that can be configured in several ways. Options include four offices; three offices and a conference room; or two offices, an X-ray area, a development area, and a conference room. The building dates to 1965.
The property is at 100 W Main Street in Peotone, at the Main and Second street location. Prior office uses included chiropractic care, foot care, and real estate.
The property is at 100 W Main Street in Peotone, at the Main and Second street location. Prior office uses included chiropractic care, foot care, and real estate.
Key Highlights
- 1,000 square feet of medical office space
- Reception and waiting areas
- Room layouts include four offices or alternative office, conference, and X‑ray area configurations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,013
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,260
$240.3K
Cap Rate 7%
$171,614
$171.6K
Cap Rate 9%
$133,478
$133.5K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$22.6K $22.56/SF
− Vacancy
−$6.5K −$6.54/SF
EGI
$16.0K $16.02/SF
− OpEx
−$4.0K −$4.00/SF
NOI
$12.0K $12.01/SF
Area
Will County, IL
Vacancy
29.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,260
Cap Rate 7%
$171,614
Cap Rate 9%
$133,478
Alternative Uses
Best Use
Healthcare Medical
$193.5K
$169.3K – $225.8K
NOI $13,545 @ 7.0% cap · market cap 75,250.00%
Second Best
Office B
$171.6K
$150.2K – $200.2K
NOI $12,013 @ 7.0% cap · market cap 66,738.89%
Theoretical Best
Office A
$226.8K
$198.5K – $264.6K
NOI $15,876 @ 7.0% cap · market cap 88,200.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 60468, IL
6,112
Population
2,329
Households
2.6
Avg Household Size
42
Median Age
29%
College-Educated
93%
High-School Grad
69.6 sq mi
ZIP Area
88
Density / Sq Mi
$101,618
Median Household Income
$44,625
Median Earnings
$1,102
Median Rent
$282,500
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Peotone Animal Hospital — 431 S Governors Hwy, Peotone, IL 60468
Frequently Asked Questions
What type of property is this?
Medical Office Space - Reception and waiting areas are part of a flexible office layout with several possible room configurations.
Where is this medical office space located?
The property is located at 100 W Main Street Peotone, IL.
What are key features of this property?
This property features: 1,000 square feet of medical office space; Reception and waiting areas; Room layouts include four offices or alternative office, conference, and X‑ray area configurations
