Class A Office
For Sale
$2,200,000
13500 Circle Dr, Orland Park, IL 60462
Owner-user office suites within a 2008-built building, with flexible contiguous space and surface parking.
Property Size11,600 SF
Lot Size1.01 Acres
Price / SF$188.87
Days on Market189
Property Features for 13500 Circle Dr
General Information
Standard status
Active
Size
11,600 SF
Class
A
Total Parking Spaces
46
Lot size
1.01 Acres
Property subtype
Office
Net Operating Income
$124,307
Additional Details
Asking Price
$2,200,000
Building Details
Building Size
11,600 SF
Year Built
2008
Buildings
1
Listed By:
Rawly Lantz
(630) 886-3069
Source:
Cawleycre
Added: Apr 11
Changed: Oct 13
Last Checked: Oct 16 at 7:51AM
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 Rawly Lantz
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Investment Insights
Based on property information with market context.
This Class A office property contains 11,648 square feet in a building completed in 2008. Available suites include Suite 102 with 747 square feet, Suite 104 with 2,592 square feet, and Suite 201 with 821 square feet. Suites 102 and 104 connect to provide 3,339 square feet of contiguous office space, supporting both smaller occupancy needs and a larger owner-user configuration.
The property occupies approximately 1.01 acres and includes a paver parking lot with 46 free-surface spaces. The available office units are offered for sale within the broader building, providing multiple suite-size options in one property.
The property occupies approximately 1.01 acres and includes a paver parking lot with 46 free-surface spaces. The available office units are offered for sale within the broader building, providing multiple suite-size options in one property.
Key Highlights
- 11,648 square feet total building area
- Suite 102: 747 square feet; Suite 104: 2,592 square feet; Suite 201: 821 square feet
- Suites 102 and 104 are contiguous, totaling 3,339 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,607
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,212,140
$3.2M
Cap Rate 7%
$2,294,386
$2.3M
Cap Rate 9%
$1,784,522
$1.8M
Market Conditions
NOI Build-Up for 11,648 SF
Gross rent
$285.1K $24.48/SF
− Vacancy
−$71.0K −$6.10/SF
EGI
$214.1K $18.38/SF
− OpEx
−$53.5K −$4.60/SF
NOI
$160.6K $13.79/SF
Area
Cook County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,212,140
Cap Rate 7%
$2,294,386
Cap Rate 9%
$1,784,522
Alternative Uses
Best Use
Office B
$2.29M
$2.01M – $2.68M
NOI $160,607 @ 7.0% cap · market cap 7.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.02M
$3.52M – $4.69M
NOI $281,507 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office units - Owner-user office suites within a 2008-built building, with flexible contiguous space and surface parking.
Where is this office units located?
The property is located at 13500 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: 11,648 square feet total building area; Suite 102: 747 square feet; Suite 104: 2,592 square feet; Suite 201: 821 square feet; Suites 102 and 104 are contiguous, totaling 3,339 square feet
