Brick Office Building with
15252 S Harlem Avenue, Orland Park, IL 60462
For Sale
New
$550,000
Under Contract
Commercial Sale, Orland Park, IL
Property Size3,146 SF
Lot Size0.44 Acres
Price / SF$174.83
Days on Market5
Property Features for 15252 S Harlem Avenue
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Cooling system
Amenities
private foyer entrance
waiting room
common work area with cubicles
conference room
eat-in kitchen
handicap-accessible bathrooms
full basement
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Village Realty, Inc.
Listed By:
Steven Loerop · License IL #475128554
(708) 478-1212
Added: Nov 6
Last Checked: Nov 10 at 3:06PM
MLS# 12803344
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
A 3,146-square-foot brick office building arranged around a private entry foyer, waiting area, reception desk, and open work area with cubicles. Six windowed offices, a conference room, and an eat-in kitchen with cabinetry support a range of office functions. Two accessible bathrooms serve the building, which has carpet and tile flooring, oak doors and trim, and central air. The full basement has a flexicore ceiling and offers additional storage space.
The property occupies 0.4435 acres on S Harlem Avenue in Orland Park, near businesses, shopping, and dining. On-site parking provides approximately 25 spaces, including designated accessible spaces. The building was constructed in 1988 and has a composition roof reported to be approximately 15 years old.
The property occupies 0.4435 acres on S Harlem Avenue in Orland Park, near businesses, shopping, and dining. On-site parking provides approximately 25 spaces, including designated accessible spaces. The building was constructed in 1988 and has a composition roof reported to be approximately 15 years old.
Key Highlights
- 3,146 sq ft brick office building with a full basement
- Six private offices, each with window views
- Approximately 25 parking spaces, including dedicated handicap spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,849
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$896,980
$897.0K
Cap Rate 7%
$640,700
$640.7K
Cap Rate 9%
$498,322
$498.3K
Market Conditions
NOI Build-Up for 3,146 SF
Gross rent
$83.1K $26.40/SF
− Vacancy
−$23.3K −$7.39/SF
EGI
$59.8K $19.01/SF
− OpEx
−$14.9K −$4.75/SF
NOI
$44.8K $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%
$896,980
Cap Rate 7%
$640,700
Cap Rate 9%
$498,322
Alternative Uses
Best Use
Office B
$640.7K
$560.6K – $747.5K
NOI $44,849 @ 7.0% cap · market cap 8.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,564 @ 7.0% cap · market cap 15.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
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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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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 - The office layout includes private workspaces, a conference room, reception area, and dedicated parking.
Where is this office building located?
The property is located at 15252 S Harlem Avenue Orland Park, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 3,146 sq ft brick office building with a full basement; Six private offices, each with window views; Approximately 25 parking spaces, including dedicated handicap spaces
