Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15635 S 94th Avenue S Orland Park, IL 60462

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $30 SF/Yr

    Flexible, affordable, move-in ready office space in Orland Park.

    Type:Commercial
    Added:
    Dec 4, 2025
    Days on Market:
    138
    Last Refresh:
    Apr 5 at 11:34 pm

    Property Features for 15635 S 94th Avenue S

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1992

    We can help!

    Listing Contact
    RAJ KHANNA

    Listing agent RAJ KHANNA

    Listing office NEXUS REAL ESTATE

    Listing date Dec 4, 2025

    Source Corcoran

    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 NEXUS REAL ESTATE

    Overview

    Modern Serviced Office Space Available

    This modern, fully-serviced office space in Orland Park offers flexible and affordable solutions suitable for various professionals, including attorneys, CPAs, tech specialists, consultants, salespeople, and entrepreneurs. Starting at $345 per month, the space provides private offices and coworking options with high-speed internet included, along with access to a full suite of business services. Move-in ready suites feature clean finishes, natural light, modern flooring, and a quiet, professional environment ideal for individuals or small teams needing a dedicated, secure office. Shared facilities include business-grade WiFi, printing services, conference rooms, a modern shared kitchen, coffee bar, comfortable lounges, and collaborative common areas. Workspace options range from private office suites and dedicated desks to hot desks, day offices, hourly or daily meeting rooms, and virtual office packages. Professional support services such as reception and phone-answering are available. The location is near I-80 and I-57, providing quick access to shopping, dining, and public transit in a thriving retail and commercial district. Offices feature ergonomic furniture and are fully serviced. Membership plans also allow access to global workspace locations. Virtual office solutions offer a professional address with mail handling, call services, and on-demand meeting room access.
    Location Intelligence

    Current Use by Public Records

    Accelerated Rehabilitation Centers ... Physician Margaret M. Hammerschmidt, ... Physician Steven Roth Gym & Fitness Center

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Orland Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.8472
    Latitude
    41.6054

    Nearby Similar for Lease

    • Contact for pricing

      Orland Park Office/Medical Condo

      Prime office/medical condo for rent in Orland Park, Illinois.
      16525 106th Court, Orland Park, IL 60467
      View Details
    • Contact for pricing

      Orland Park Professional Office Space

      Professional office building in Orland Park with high commuter traffic.
      8651 W 159th Street, Orland Park, IL 60462
      View Details
    • Contact for pricing

      Orland Park Retail Opportunity

      Redeveloped retail plaza in high-growth corridor, flexible spaces.
      16100 lagrange Road, Orland Park, IL 60467
      View Details
    • Contact for pricing

      Orland Park Retail/Office Space

      Retail or office space in Orland Park's antique district.
      9919 W 143rd Place, Orland Park, IL 60462
      View Details
    • Contact for pricing

      Orland Park Premium Office Suite

      2,000 SF office suite in Orland Park's business corridor.
      13255 Southwest Highway, Orland Park, IL 60462
      View Details
    • $17/mo

      Class A Office Space

      Prominent office building in Orland Park, move-in ready.
      15255 South 94th Avenue, Orland Park, IL, 60462
      View Details
    • Contact for pricing

      Retail Space in Orland Park

      Move-in-ready retail space in Orland Park's Brook Hill subdivision.
      11314 W Southwest Hwy, Orland Park, IL 60467
      View Details
    • Sponsored
      Contact for pricing

      IL, Orland Park - 94th Ave

      15635 94Th Ave, Orland Park, IL 15635
      View Details
    • Contact for pricing

      Orland Park

      15255 94Th Ave, Unit 5TH, Orland Park, IL 60462
      View Details
    • Contact for pricing

      Second Floor Office Unit

      Office unit with open area, private office, and bathroom.
      9540 W 144TH Place 2B, Orland Park, IL 60462
      View Details
    • $32/mo

      Orland Park Retail Endcap Space

      High-visibility retail space in a well-maintained Orland Park center.
      14470 LaGrange Road, Orland Park, IL 60462
      View Details
    • $23/mo

      Orland Park Retail/Office Space

      Versatile space in high-traffic location, ideal for retail or office.
      9955 W 151st Street, Orland Park, IL 60462
      View Details

    FAQs

    What type of property is this?
    Coworking space - Flexible, affordable, move-in ready office space in Orland Park.
    Where is this coworking space located?
    The property is located at 15635 S 94th Avenue S Orland Park, IL.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: Prime Orland Park location near I‑80 and I‑57, with access to shopping, dining, and public transit.; Affordable private offices starting at $345 per month.; Flexible workspace options: private suites, dedicated desks, hot desks, and meeting rooms.
    (630) 706-3601
    We can help!
    Listing Contact
    RAJ KHANNA
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!