Two-Story Office Building in Orland
14489s John Humphrey Dr, Orland Park, IL 60462
Two-story office building with investment opportunity in Orland Park.
Type:Office
Property size:
4,899 SFPrice / SF:
$224/SF- Added:
- Jan 26, 2026
- Days on Market:
- 112
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 14489s John Humphrey Dr
General Information
- Standard status
- Active
- Size
- 4,899 SF
- Property subtype
- Office
Building Details
- Year Built
- 2008
Listing agent Jackie Montvidas License #IL 705768
Listing office Olivieri Real Estate LLC
Listing date Jan 26, 2026
Source Crexi
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 Olivieri Real Estate LLC
HighLights
- Ideal owner‑user investment: Occupy 1,959 SF and collect rental income from 2,940 SF of leased space.
- Leased suites provide immediate income: Suites 201 & 202 are leased through 10/15/2028.
- High‑end vacant suite: Suite 200 (1,959 SF) features quality finishes, mahogany doors, wainscoting, and double glass entry doors.
- Ample parking available.
- Well‑maintained building constructed in 2008.
- Abundant natural light: Large windows wrap the entire building.
Overview
This two-story office building offers 4,899 square feet of office or medical space for sale in Orland Park. It presents an opportunity for an owner-user to occupy 1,959 square feet while generating rental income from the remaining 2,940 square feet, which is currently leased. The property is well-maintained and features ample parking. Large windows surround the entire building, providing natural light throughout the interior. Suite 200, which is vacant, features a high-end build-out with quality finishes, solid mahogany doors, wainscoting, and double glass entry doors. The office condo comprises three suites under one PIN. Suite 200 offers 1,959 square feet and is currently vacant. Suites 201 and 202, totaling 1,116 square feet and 1,824 square feet respectively, are leased to a single tenant with a lease extending through October 15, 2028.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$750.5K
NOI $67,549 @ 9.00% cap · cautious / downside scenario
Moderate
$965.0K
NOI $67,549 @ 7.00% cap · market / base-case scenario
Aggressive
$1.35M
NOI $67,549 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $119.9k | $24.48 |
| − Vacancy | −$29.9k | −$6.10 |
| EGI | $90.1k | $18.38 |
| − OpEx | −$22.5k | −$4.60 |
| NOI | $67.5k | $13.79 |
4,899 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$965.0K
$844.4K – $1.13M
NOI $67,549 @ 7.0% cap · market cap 6.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,398 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Orland Park
- County
- Cook
- State
- Illinois
- Longitude
- -87.8492032
- Latitude
- 41.6264403
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Two-story office building with investment opportunity in Orland Park.
Where is this office building located?
The property is located at 14489s John Humphrey Dr Orland Park, IL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Ideal owner‑user investment: Occupy 1,959 SF and collect rental income from 2,940 SF of leased space.; Leased suites provide immediate income: Suites 201 & 202 are leased through 10/15/2028.; High‑end vacant suite: Suite 200 (1,959 SF) features quality finishes, mahogany doors, wainscoting, and double glass entry doors.
