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15859 Ridgeland Ave, Oak Forest, IL 60452

Signalized-corner property offers flexible private and open work areas for a range of professional operations.

Space Size4,000 SF
Property Size8,000 SF
Days on Market202

Property Features for 15859 Ridgeland Ave

General Information

Standard status Active
Size 4,000 SF
Total Parking Spaces 30
Property subtype Office
Lease Type Net

Space & Availability

Divisible Yes
Space Use Office
Sublease No
Available From Immediate

Amenities

kitchen
lunch room

Building Details

Building Size 8,000 SF
Year Built 1985
Tenancy Multiple

Spaces For Lease

at 15859 Ridgeland Ave Contact us

Available Space

Size
4,000 SF
Type
Office
Lease Type
Net
Availability
Active
Contact us
Listing Agency: Chicago-Coldwell Banker Commercial NRT
Listed By: Chuck Groebe · License #IL
Source: Crexi
Added: Feb 10 Changed: Aug 30 Last Checked: Aug 30 at 2:58PM

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 Chicago-Coldwell Banker Commercial NRT

Investment Insights

Based on property information with market context.

This 1985 office property combines four separately defined units into a flexible configuration with four 1/2 baths. The interior includes a mix of open work areas and larger private offices, along with a kitchen and lunchroom equipped with built-in cabinetry and storage. Extensive windows bring natural light into the workspace, while office furniture and shelving may be available by negotiation.

The property occupies the signalized intersection of 159th Street and Ridgeland Avenue in Oak Forest, across from Oak Forest National Golf Course and its walking path. Parking surrounds the building for staff and visitors. Immediate occupancy is available, and the layout can support general office, medical, professional services, therapy, or headquarters functions.

Key Highlights

  • Four combined but separate office units with four 1/2 baths
  • Signalized corner at 159th Street and Ridgeland Avenue
  • Open work areas paired with large private offices

Property Analytics

Current Use

Donahue Michael W ... Dental Office Jordan Insurance Services Insurance Agency Future Finance Loan Service FedEx Drop Box Postal Service

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Accounting Firm Storage Facility Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

488
Businesses Nearby

Demographics for 60452, IL

27,363
Population
10,557
Households
2.6
Avg Household Size
40
Median Age
30%
College-Educated
92%
High-School Grad
8.6 sq mi
ZIP Area
3,182
Density / Sq Mi
$89,167
Median Household Income
$47,519
Median Earnings
$1,287
Median Rent
$249,100
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Signalized-corner property offers flexible private and open work areas for a range of professional operations.
Where is this office units located?
The property is located at 15859 Ridgeland Ave Oak Forest, IL.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Four combined but separate office units with four 1/2 baths; Signalized corner at 159th Street and Ridgeland Avenue; Open work areas paired with large private offices
More about this property
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