Office Suite with Private
For Sale
Contact for pricing
17050 S Park Avenue #DUL, South Holland, IL 60473
A two-office layout is offered within a renovated office complex with on-site parking.
Property Size381 SF
Price / SF$0.07
Days on Market23
Property Features for 17050 S Park Avenue #DUL
General Information
Standard status
Active
Size
381 SF
Property subtype
Office
Zoning
D-UL
Additional Details
Condition
Move-in Ready
Property Use
Office
Building Details
Year Built
1980
Listing Agency:
Real People Realty
(815) 469-7449
Listed By:
Janice Mc Elroy
(708) 339-3880
Source:
Helenoliveri
Added: Oct 7
Changed: Oct 28
Last Checked: Oct 28 at 4:01PM
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 Real People Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 381-square-foot office unit at Park Avenue Plaza is arranged with two private offices. The office complex, built in 1980, has been renovated and remodeled. Five office spaces are available at the property, with layouts suited to a range of professional, medical, wellness, and other business uses.
Parking is available for clients and staff. The complex also includes two private restrooms and two public restrooms.
Parking is available for clients and staff. The complex also includes two private restrooms and two public restrooms.
Key Highlights
- 381‑square‑foot office unit with 2 private offices
- Located within a renovated and remodeled office complex built in 1980
- Five separate office spaces are available at the complex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,253
Suggested Prices Based on Cap Rates
Cap Rate 5%
$105,060
$105.1K
Cap Rate 7%
$75,043
$75.0K
Cap Rate 9%
$58,367
$58.4K
Market Conditions
NOI Build-Up for 381 SF
Gross rent
$9.3K $24.48/SF
− Vacancy
−$2.3K −$6.10/SF
EGI
$7.0K $18.38/SF
− OpEx
−$1.8K −$4.60/SF
NOI
$5.3K $13.79/SF
Area
Cook County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$105,060
Cap Rate 7%
$75,043
Cap Rate 9%
$58,367
Alternative Uses
Best Use
Office B
$75.0K
$65.7K – $87.6K
NOI $5,253 @ 7.0% cap · market cap 21,012.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$131.5K
$115.1K – $153.5K
NOI $9,208 @ 7.0% cap · market cap 36,832.00%
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
340
Businesses Nearby
Explore this area
Business Placement
Demographics for 60473, IL
21,661
Population
7,969
Households
2.7
Avg Household Size
43
Median Age
27%
College-Educated
92%
High-School Grad
7.8 sq mi
ZIP Area
2,777
Density / Sq Mi
$88,046
Median Household Income
$40,903
Median Earnings
$1,914
Median Rent
$200,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - A two-office layout is offered within a renovated office complex with on-site parking.
Where is this office unit located?
The property is located at 17050 S Park Avenue #DUL South Holland, IL.
What are key features of this property?
This property features: 381‑square‑foot office unit with 2 private offices; Located within a renovated and remodeled office complex built in 1980; Five separate office spaces are available at the complex
