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    8505 183Rd St Tinley Park, IL 60487

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    For Lease
    $16 SF/Yr

    9,698 SF office suite suitable for medical conversion.

    Property size:
    58,081 SF
    Lot size:
    58,081 SF

    Property Features for 8505 183Rd St

    General Information

    Size
    58,081 SF

    Building Details

    Year built
    2003

    Source: Doug Pauly Agent Doug Pauly

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Medical Ready Office Suite

    This 9,698 square foot suite is currently built as an office and offers a direct entry, making it a potential opportunity for medical use. The existing layout includes 8 private offices, ADA restrooms, and a staff kitchen, which could facilitate a conversion to medical use. The suite is accessible directly from a surface lot. Prominent signage opportunities are available. The property benefits from medical co-tenancy. The owner is targeting medical users and is prepared to deliver a tenant improvement allowance to tailor a turnkey clinic. The property is located at 8505 183rd St, Tinley Park, IL 60487.
    Insight Report Location Intelligence

    Current Use by Public Records

    US Labor Department Federal Government Office Transplace Logistics Service Eugene M. Tanquilut, ... Vascular Surgeon Outsource Receivables, Inc. Medical Billing Service Vascular Specialists Surgical Center

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tinley Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8257005
    Latitude
    41.5568354

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    FAQs

    What type of property is this?
    Medical office - 9,698 SF office suite suitable for medical conversion.
    Where is this medical office located?
    The property is located at 8505 183Rd St Tinley Park, IL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Medical-ready suite (9,698 SF) designed for easy conversion to a clinic.; - Direct entry from abundant surface parking.; - Prominent signage for high visibility and brand recognition.
    (630) 470-8268
    Request Owner's contact information
    8505 183Rd St Tinley Park, IL 60487
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    Tinley Park, IL 60487
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8505 183Rd St Tinley Park, IL 60487
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