Historic Mixed-Use Commercial
For Sale
$325,000
14329 S Beacon Avenue, Orland Park, IL 60462
Historic commercial building with welcoming covered porches and flexible use options including retail, office, and professional services.
Property Size1,661 SF
Days on Market50
Property Features for 14329 S Beacon Avenue
General Information
Standard status
Active
Size
1,661 SF
Property subtype
Commercial
Zoning
RTAIL
Taxes and HOA fees
Annual Taxes
$5,584
Building Details
Building Size
1,661 SF
Year Built
1890
Stories
2
Units
1
Listing Agency:
Coldwell Banker Realty
Listed By:
John Nugent · License #475090952
(708) 424-4000
Source:
Midwestrealestate
Added: Jul 22
Changed: Sep 8
Last Checked: Sep 8 at 6:31AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This historic commercial property on Beacon Avenue offers flexible use for retail, office, professional services, and mixed-use applications. The building includes a welcoming covered front porch and a covered rear porch, with the option to add on or modify the existing structure. The property also allows for development of a secondary structure, and additional information on zoning and village code can be provided.
The site is located near the commuter train and close to the LaGrange Rd. commercial corridor. It’s described as being adjacent to the new Orland Downtown and within the Old Orland Historic District.
Additional land is available to the east in the rear, with the ability to add 72.5” of depth to the land, as described in the provided information. The surrounding pocket includes other historic structures and recently redeveloped commercial properties.
The site is located near the commuter train and close to the LaGrange Rd. commercial corridor. It’s described as being adjacent to the new Orland Downtown and within the Old Orland Historic District.
Additional land is available to the east in the rear, with the ability to add 72.5” of depth to the land, as described in the provided information. The surrounding pocket includes other historic structures and recently redeveloped commercial properties.
Key Highlights
- Historic commercial building built in 1890 in the Old Orland Historic District (OOH).
- Flexible use options include retail, office, professional services, and mixed use.
- Covered front porch and covered rear porch.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,902
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$458,040
$458.0K
Cap Rate 7%
$327,171
$327.2K
Cap Rate 9%
$254,467
$254.5K
Market Conditions
NOI Build-Up for 1,661 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$40.7K $24.48/SF
− Vacancy
−$10.1K −$6.10/SF
EGI
$30.5K $18.38/SF
− OpEx
−$7.6K −$4.60/SF
NOI
$22.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$458,040
Cap Rate 7%
$327,171
Cap Rate 9%
$254,467
Alternative Uses
Best Use
Office B
$327.2K
$286.3K – $381.7K
NOI $22,902 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$573.5K
$501.8K – $669.1K
NOI $40,143 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,361
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Historic commercial building with welcoming covered porches and flexible use options including retail, office, and professional services.
Where is this office units located?
The property is located at 14329 S Beacon Avenue Orland Park, IL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Historic commercial building built in 1890 in the Old Orland Historic District (OOH).; Flexible use options include retail, office, professional services, and mixed use.; Covered front porch and covered rear porch.
