Office Unit in Elevator
For Sale
Contact for pricing
15750 S Bell Road #2-C, Homer Glen, IL 60491
A second-floor suite has a dental-office layout within a building served by an elevator.
Property Size1,003 SF
Price / SF$0.01
Days on Market29
Property Features for 15750 S Bell Road #2-C
General Information
Standard status
Active
Size
1,003 SF
Elevators
Yes
Property subtype
Commercial
Amenities
common waiting area
common reception area
Building Details
Year Built
1970
Tenancy
Multi
Listing Agency:
RE/MAX 10
(708) 429-4300
Listed By:
Bruce La Ha · License #IL:475.102758
(708) 857-1500
Source:
Helenoliveri
Added: Oct 2
Changed: Oct 28
Last Checked: Oct 28 at 4:22PM
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 RE/MAX 10
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Investment Insights
Based on property information with market context.
Two office units are available: a 600-square-foot suite arranged as four rooms and a 1,003-square-foot second-floor suite previously configured for dental practice. The building has an elevator and was built in 1970. On-site parking is available.
The property is next to the Runnings Store on S Bell Road in Homer Glen, Illinois. Ownership may also consider leasing individual offices with shared reception and waiting areas.
The property is next to the Runnings Store on S Bell Road in Homer Glen, Illinois. Ownership may also consider leasing individual offices with shared reception and waiting areas.
Key Highlights
- Two available office units: 600 square feet and 1,003 square feet
- 600‑square‑foot office arranged as four rooms
- 1,003‑square‑foot second‑floor suite configured as a dental office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,049
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,980
$241.0K
Cap Rate 7%
$172,129
$172.1K
Cap Rate 9%
$133,878
$133.9K
Market Conditions
NOI Build-Up for 1,003 SF
Gross rent
$22.6K $22.56/SF
− Vacancy
−$6.6K −$6.54/SF
EGI
$16.1K $16.02/SF
− OpEx
−$4.0K −$4.00/SF
NOI
$12.0K $12.01/SF
Area
Will County, IL
Vacancy
29.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,980
Cap Rate 7%
$172,129
Cap Rate 9%
$133,878
Alternative Uses
Best Use
Healthcare Medical
$194.1K
$169.8K – $226.4K
NOI $13,586 @ 7.0% cap · market cap 97,042.86%
Second Best
Office B
$172.1K
$150.6K – $200.8K
NOI $12,049 @ 7.0% cap · market cap 86,064.29%
Theoretical Best
Office A
$227.5K
$199.1K – $265.4K
NOI $15,924 @ 7.0% cap · market cap 113,742.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
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Business Placement
Demographics for 60491, IL
22,999
Population
7,846
Households
2.9
Avg Household Size
45
Median Age
38%
College-Educated
92%
High-School Grad
25.6 sq mi
ZIP Area
898
Density / Sq Mi
$132,788
Median Household Income
$60,770
Median Earnings
$1,604
Median Rent
$404,800
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - A second-floor suite has a dental-office layout within a building served by an elevator.
Where is this office unit located?
The property is located at 15750 S Bell Road #2-C Homer Glen, IL.
What are key features of this property?
This property features: Two available office units: 600 square feet and 1,003 square feet; 600‑square‑foot office arranged as four rooms; 1,003‑square‑foot second‑floor suite configured as a dental office
