11520 183rd Pl, Orland Park, IL 60467
Versatile office condo in Orland Park Business Center.
- Added:
- Feb 12, 2026
- Days on Market:
- 134
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 11520 183rd Pl
General Information
- Standard status
- Active
- Size
- 1,994 SF
- Property subtype
- Office
Building Details
- Year Built
- 2006
Listing office Olivieri Real Estate LLC
Listing date Feb 12, 2026
Source Crexi
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 Olivieri Real Estate LLC
HighLights
- Highly desirable Orland Park Business Center location in Will County.
- Flexible space: configured as two suites with separate entrances, easily combined into one.
- Potential for rental income: occupy part, lease out the other suite.
- Abundant natural light throughout the unit.
- Low Will County taxes.
- New roof installed in 2021.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.8k | $24.48 |
| − Vacancy | −$12.2k | −$6.10 |
| EGI | $36.7k | $18.38 |
| − OpEx | −$9.2k | −$4.60 |
| NOI | $27.5k | $13.79 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Orland Park
- County
- Cook
- State
- Illinois
- Longitude
- -87.8976612
- Latitude
- 41.5563449
