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Four-Unit Office Condo
For Sale
$399,000

15859 Ridgeland Avenue, Oak Forest, IL 60452

Flexible office configuration with private rooms, shared work areas, kitchen facilities, and immediate occupancy.

Property Size4,000 SF
Days on Market28

Property Features for 15859 Ridgeland Avenue

General Information

Standard status Active
Size 4,000 SF
Property subtype Commercial
Zoning COMMR

Additional Details

Road Access Yes
Office Units 4

Taxes and HOA fees

Annual Taxes $26,916

Amenities

kitchen lunch room

Building Details

Building Size 4,000 SF
Year Built 1985
Stories 1
Units 4
Listing Agency: Coldwell Banker Realty
Listed By: Charles Groebe · License #475091121
Source: Midwestrealestate
Added: Aug 4 Changed: Aug 30 Last Checked: Aug 25 at 6:55AM

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 Coldwell Banker Realty

Investment Insights

Based on property information with market context.

This 4,000-square-foot office condo combines four separately defined units within one connected property, supporting departmental separation or multi-function operations. The interior includes open work areas, sizable private offices, a kitchen and lunchroom with built-in cabinetry, storage, abundant windows, and four half-baths. Office furniture and shelving may be available by separate agreement. The property was built in 1985 and is available for immediate occupancy.

Positioned at the signalized intersection of 159th Street and Ridgeland Avenue in Oak Forest, the building sits across from Oak Forest National Golf Course and its walking path. Parking surrounds the property for staff and visitors. The configuration is identified as suitable for general office, medical, professional services, therapy, or regional and national headquarters use.

Key Highlights

  • 4,000 SF office condo with four combined but separate office units
  • Four 1/2 baths support divisional or multi‑department layouts
  • 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

4
Office units
Yes
Paved road access

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 - Flexible office configuration with private rooms, shared work areas, kitchen facilities, and immediate occupancy.
Where is this office units located?
The property is located at 15859 Ridgeland Avenue Oak Forest, IL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 4,000 SF office condo with four combined but separate office units; Four 1/2 baths support divisional or multi‑department layouts; Open work areas paired with large private offices
More about this property
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