Flex Space with Overhead
For Sale
Contact for pricing
12550 W 159th Street, Homer Glen, IL 60491
Office and open work areas are paired with loading access and additional attic storage.
Property Size2,500 SF
Price / SF$0.01
Days on Market25
Property Features for 12550 W 159th Street
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Garage
Zoning
C4
Additional Details
Highway Access
Yes
Property Use
Office/Storage
Building Details
Year Built
1990
Listing Agency:
Jem Realty LLC
Listed By:
Maria Cernauskas
(708) 203-8544
Source:
Helenoliveri
Added: Oct 8
Changed: Oct 31
Last Checked: Oct 31 at 2:20PM
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 Jem Realty LLC
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Investment Insights
Based on property information with market context.
This flex unit in an office-style building combines a private office with an open work and storage area. Two overhead doors provide loading access, and a walk-up attic offers additional storage beyond the approximately 2,500-square-foot unit. Built in 1990, the property is zoned C4; prospective occupants should verify permitted uses with the Village of Homer Glen.
The unit is at 12550 W 159th Street in Homer Glen, close to I-355. Availability is scheduled for September 1, 2026. Rent includes CAM and real estate taxes.
The unit is at 12550 W 159th Street in Homer Glen, close to I-355. Availability is scheduled for September 1, 2026. Rent includes CAM and real estate taxes.
Key Highlights
- Approximately 2,500 sq ft of space
- Private office and open work/storage area
- Two overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,762
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,240
$215.2K
Cap Rate 7%
$153,743
$153.7K
Cap Rate 9%
$119,578
$119.6K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$16.2K $6.48/SF
− Vacancy
−$826 −$0.33/SF
EGI
$15.4K $6.15/SF
− OpEx
−$4.6K −$1.84/SF
NOI
$10.8K $4.30/SF
Area
Will County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,240
Cap Rate 7%
$153,743
Cap Rate 9%
$119,578
Alternative Uses
Best Use
Flex RnD
$168.0K
$147.0K – $196.1K
NOI $11,763 @ 7.0% cap · market cap 78,420.00%
Second Best
Industrial
$153.7K
$134.5K – $179.4K
NOI $10,762 @ 7.0% cap · market cap 71,746.67%
Theoretical Best
Office A
$567.0K
$496.1K – $661.5K
NOI $39,690 @ 7.0% cap · market cap 264,600.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60491, IL
22,999
Population
7,846
Households
2.9
Avg Household Size
45
Median Age
38%
College-Educated
92%
High-School Grad
25.6 sq mi
ZIP Area
898
Density / Sq Mi
$132,788
Median Household Income
$60,770
Median Earnings
$1,604
Median Rent
$404,800
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Office and open work areas are paired with loading access and additional attic storage.
Where is this flex space located?
The property is located at 12550 W 159th Street Homer Glen, IL.
What are key features of this property?
This property features: Approximately 2,500 sq ft of space; Private office and open work/storage area; Two overhead doors
