Medical Office with Procedure
16604 107th Court S, Orland Park, IL 60467
For Sale
$943,000
Configured for clinical care with dedicated procedure rooms, patient waiting areas, and electrical capacity for medical equipment.
Property Size5,014 SF
Price / SF$188.07
Days on Market76
Property Features for 16604 107th Court S
General Information
Standard status
Size
Property subtype
Additional Details
Condition
Property Use
Medical Specialty
Taxes and HOA fees
Annual Taxes
Amenities
generator
3 phase electrical service
ADA doorways
Building Details
Building Size
Year Built
Listing Agency:
Dignan Properties and Management Co.
(708) 275-4231
Listed By:
Raymond Dignan · License #471001302
(708) 460-9491
Source:
Purveyproperties
Added: Aug 26
Changed: Nov 8
Last Checked: Nov 8 at 4:45PM
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 Dignan Properties and Management Co.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,014-square-foot medical office was built in 2018 and has been remodeled. Its layout includes waiting rooms with 10-foot ceilings, two procedure rooms, and large exam rooms. Ceilings throughout the remaining space are 8.5 feet, and doorways are 3 feet wide to accommodate ADA access. A generator and 3-phase electrical service support medical equipment. Roof and gutter work is in progress.
The office is in Winterset Office Park, a 40-acre property with more than 90 businesses, at the northeast corner of 167th Street and 108th Avenue in Orland Park. More than 20 parking stalls are included.
The office is in Winterset Office Park, a 40-acre property with more than 90 businesses, at the northeast corner of 167th Street and 108th Avenue in Orland Park. More than 20 parking stalls are included.
Key Highlights
- 5,014‑square‑foot medical office built in 2018
- Two procedure rooms, waiting rooms with 10‑foot ceilings, and large exam rooms
- 8.5‑foot ceilings throughout; 3‑foot‑wide ADA doorways
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,480
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,429,600
$1.4M
Cap Rate 7%
$1,021,143
$1.0M
Cap Rate 9%
$794,222
$794.2K
Market Conditions
NOI Build-Up for 5,014 SF
Gross rent
$132.4K $26.40/SF
− Vacancy
−$37.1K −$7.39/SF
EGI
$95.3K $19.01/SF
− OpEx
−$23.8K −$4.75/SF
NOI
$71.5K $14.26/SF
Area
Cook County, IL
Vacancy
28.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,429,600
Cap Rate 7%
$1,021,143
Cap Rate 9%
$794,222
Alternative Uses
Best Use
Office B
$1.02M
$893.5K – $1.19M
NOI $71,480 @ 7.0% cap · market cap 7.58%
Second Best
Healthcare Medical
$948.9K
$830.3K – $1.11M
NOI $66,425 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$1.93M
$1.68M – $2.25M
NOI $134,776 @ 7.0% cap · market cap 14.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,520
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60467, IL
26,098
Population
10,055
Households
2.6
Avg Household Size
49
Median Age
45%
College-Educated
96%
High-School Grad
14.8 sq mi
ZIP Area
1,763
Density / Sq Mi
$109,329
Median Household Income
$63,685
Median Earnings
$2,202
Median Rent
$392,200
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Cook County, IL
Properties on Market for Medical Office Space in Cook County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for clinical care with dedicated procedure rooms, patient waiting areas, and electrical capacity for medical equipment.
Where is this medical office space located?
The property is located at 16604 107th Court S Orland Park, IL.
What is the asking price?
The asking price for this property is $943,000.
What are key features of this property?
This property features: 5,014‑square‑foot medical office built in 2018; Two procedure rooms, waiting rooms with 10‑foot ceilings, and large exam rooms; 8.5‑foot ceilings throughout; 3‑foot‑wide ADA doorways
