High-End Office Condo For
16007 Executive Drive Crest Hill, IL 60403
16007 Executive Drive, Crest Hill, IL, 60403
$585,000
For Sale
$585,000
Versatile office condo with high-end finishes and excellent accessibility.
Property Size3,158 SF
Price / SF$185.24
Days on Market315
Property Features for 16007 Executive Drive
General Information
- Standard status
- Active
- Size
- 3,158 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2008
Listing agency
OLIVIERI REAL ESTATE LLC
(708) 719-3444
Listed by
JACQUELINE MONTVIDAS · License #475138574
Source
Corcoran
Added: Sep 11, 2025 Updated: Jul 6 at 9:58AM Checked: Jul 22 at 7:50AM
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 OLIVIERI REAL ESTATE LLC
Investment Insights
Based on property information with market context.
This well-maintained office condo provides 3,158 square feet of high-end space suitable for professional or medical use. The layout includes a large conference room with a private entrance off the vestibule. The interior features a spacious, open-concept floor plan with a kitchen, three private bathrooms, a shower room, an IT/server closet, and an open gym area that can be adapted for office space, cubicles, or flex space. The open office space is suitable for desks or cubicles. High-end finishes include granite countertops in the kitchen, custom cabinetry, and wood trim. The property is located off Weber and Renwick Road, providing access to I-55 and I-355.
Key Highlights
- 3,158 sq ft office condo suitable for professional or medical use.
- Convenient location with easy access to I‑55 and I‑355.
- Large conference room with private entrance.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.5k | $25.80 |
| − Vacancy | −$10.2k | −$3.23 |
| EGI | $71.3k | $22.58 |
| − OpEx | −$28.5k | −$9.03 |
| NOI | $42.8k | $13.55 |
3,158 SF · lease $25.80/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$611.1K
$534.7K – $712.9K
NOI $42,775 @ 7.0% cap · market cap 7.31%
Second Best
Office B
$542.0K
$474.2K – $632.3K
NOI $37,938 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$716.2K
$626.7K – $835.6K
NOI $50,136 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Versatile office condo with high-end finishes and excellent accessibility.
Where is this office units located?
The property is located at 16007 Executive Drive Crest Hill, IL.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 3,158 sq ft office condo suitable for professional or medical use.; Convenient location with easy access to I‑55 and I‑355.; Large conference room with private entrance.
