Class A Office
13500-13560 Circle Dr, Orland Park, IL 60462
For Sale
Contact for pricing
Class A office space with high-visibility frontage, paver parking, and outdoor patio plus basement storage.
Property Size11,600 SF
Lot Size1.01 Acres
Price / SF$189.66
Days on Market208
Property Features for 13500-13560 Circle Dr
General Information
Standard status
Size
Class
Total Parking Spaces
Lot size
Property subtype
Additional Details
Road Access
Amenities
Outdoor Patio
Basement Storage Spaces
Paver Parking Lot
Listing Agency:
Cawley Chicago
(312) 766-4281
Listed By:
Rawly Lantz, SIOR
(630) 886-3069
Source:
Moodyscre
Added: Apr 17
Changed: Oct 25
Last Checked: Nov 10 at 10:51AM
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 Cawley Chicago
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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.
This Class A office building offers move-in ready space, professionally built and maintained by McNaughton Development. The property includes an outdoor patio area and basement storage spaces to support day-to-day operations.
The building is positioned with high-visibility frontage on LaGrange Road and is located near numerous amenities. Parking is provided via a paver parking lot with 46 free-surface spaces.
The site encompasses approximately 1.01 acres and is suited for tenants seeking a polished, ready-to-occupy office environment with on-site parking and supplemental storage.
The building is positioned with high-visibility frontage on LaGrange Road and is located near numerous amenities. Parking is provided via a paver parking lot with 46 free-surface spaces.
The site encompasses approximately 1.01 acres and is suited for tenants seeking a polished, ready-to-occupy office environment with on-site parking and supplemental storage.
Key Highlights
- Class A office space with high‑visibility frontage on LaGrange Road
- ±1.01 acres with a paver parking lot and 46 free‑surface parking spaces
- Move‑in ready office space professionally built and maintained by McNaughton Development
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,370
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,307,400
$3.3M
Cap Rate 7%
$2,362,429
$2.4M
Cap Rate 9%
$1,837,444
$1.8M
Market Conditions
NOI Build-Up for 11,600 SF
Gross rent
$306.2K $26.40/SF
− Vacancy
−$85.7K −$7.39/SF
EGI
$220.5K $19.01/SF
− OpEx
−$55.1K −$4.75/SF
NOI
$165.4K $14.26/SF
Area
Cook County, IL
Vacancy
28.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,307,400
Cap Rate 7%
$2,362,429
Cap Rate 9%
$1,837,444
Alternative Uses
Best Use
Office B
$2.36M
$2.07M – $2.76M
NOI $165,370 @ 7.0% cap · market cap 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.45M
$3.90M – $5.20M
NOI $311,808 @ 7.0% cap · market cap 14.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Explore this area
Business Placement
Demographics for 60462, IL
40,539
Population
17,335
Households
2.3
Avg Household Size
45
Median Age
45%
College-Educated
94%
High-School Grad
16.0 sq mi
ZIP Area
2,534
Density / Sq Mi
$96,747
Median Household Income
$52,902
Median Earnings
$1,393
Median Rent
$330,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Cook County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Class A office space with high-visibility frontage, paver parking, and outdoor patio plus basement storage.
Where is this office building located?
The property is located at 13500-13560 Circle Dr Orland Park, IL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Class A office space with high‑visibility frontage on LaGrange Road; ±1.01 acres with a paver parking lot and 46 free‑surface parking spaces; Move‑in ready office space professionally built and maintained by McNaughton Development
