Built-Out Professional Office
For Sale
Contact for pricing
127 Capista Drive, Shorewood, IL 60404
Turnkey professional office condominium unit within a multi-unit professional and flex office complex, delivered vacant at closing.
Property Size3,775 SF
Price / SF$172.19
Days on Market113
Property Features for 127 Capista Drive
General Information
Standard status
Active
Size
3,775 SF
Property subtype
Office, Industrial
Zoning
B3- General Business
Investment Type
Owner/User
Building Details
Year Built
2008
Tenancy
Multi
Listing Agency:
Townline Real Estate Advisors LLC - Frank Marmo
Listed By:
Frank Marmo · License #471010347
Source:
Crexi
Added: Jul 9
Changed: Oct 25
Last Checked: Oct 28 at 5:39AM
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 Townline Real Estate Advisors LLC - Frank Marmo
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
An improved professional office condominium unit offering approximately 3,775 rentable square feet of built-out office space within an established multi-unit professional and flex condominium office complex. The unit is part of the Capista Gregory Condominium Association and is currently owner-occupied as a chiropractic medical office.
The property will be delivered with vacant possession at closing, supporting straightforward transition for an owner-user. Alternatively, it can be leased to a medical or other professional tenant.
This is a purpose-built, ready-to-occupy office condo within a condominium office park setting.
The property will be delivered with vacant possession at closing, supporting straightforward transition for an owner-user. Alternatively, it can be leased to a medical or other professional tenant.
This is a purpose-built, ready-to-occupy office condo within a condominium office park setting.
Key Highlights
- Built in 2008, professional office condominium unit at 127 Capista Drive in Shorewood, IL
- Approximately 3,775 rentable SF of built‑out professional office space
- Located within an established multi‑unit professional and flex condominium office complex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,132
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,640
$1.0M
Cap Rate 7%
$730,457
$730.5K
Cap Rate 9%
$568,133
$568.1K
Market Conditions
NOI Build-Up for 3,775 SF
Gross rent
$97.4K $25.80/SF
− Vacancy
−$12.2K −$3.23/SF
EGI
$85.2K $22.58/SF
− OpEx
−$34.1K −$9.03/SF
NOI
$51.1K $13.55/SF
Area
Will County, IL
Vacancy
12.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,640
Cap Rate 7%
$730,457
Cap Rate 9%
$568,133
Alternative Uses
Best Use
Healthcare Medical
$730.5K
$639.2K – $852.2K
NOI $51,132 @ 7.0% cap · market cap 7.87%
Second Best
Office B
$647.9K
$566.9K – $755.8K
NOI $45,350 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$856.2K
$749.2K – $998.9K
NOI $59,932 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
Explore this area
Business Placement
Demographics for 60404, IL
19,916
Population
7,530
Households
2.6
Avg Household Size
42
Median Age
40%
College-Educated
96%
High-School Grad
15.7 sq mi
ZIP Area
1,269
Density / Sq Mi
$121,696
Median Household Income
$54,628
Median Earnings
$1,945
Median Rent
$319,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Turnkey professional office condominium unit within a multi-unit professional and flex office complex, delivered vacant at closing.
Where is this office unit located?
The property is located at 127 Capista Drive Shorewood, IL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Built in 2008, professional office condominium unit at 127 Capista Drive in Shorewood, IL; Approximately 3,775 rentable SF of built‑out professional office space; Located within an established multi‑unit professional and flex condominium office complex
