Office Unit with Private
For Sale
Contact for pricing
17050 S Park Avenue #FUL, South Holland, IL 60473
The suite includes reception space, a break room, and four private offices.
Property Size546 SF
Price / SF$0.05
Days on Market23
Property Features for 17050 S Park Avenue #FUL
General Information
Standard status
Active
Size
546 SF
Property subtype
Office
Zoning
F UL
Additional Details
Condition
Move-in Ready
Office Units
1
Property Use
Office
Building Details
Year Built
1980
Tenancy
Multi
Listing Agency:
Real People Realty
(815) 469-7449
Listed By:
Janice Mc Elroy
(708) 339-3880
Source:
Helenoliveri
Added: Oct 7
Changed: Oct 29
Last Checked: Oct 28 at 6:43AM
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 office unit is part of a renovated complex at 17050 S Park Avenue in South Holland. Its layout provides a reception area, four private offices, and a break room, with natural light and an open, functional arrangement.
The complex has five separate office spaces and provides parking, two private restrooms, and two public restrooms. The property was built in 1980.
The complex has five separate office spaces and provides parking, two private restrooms, and two public restrooms. The property was built in 1980.
Key Highlights
- Four private offices, a reception area, and a break room
- Located in a renovated office complex at 17050 S Park Avenue, South Holland, IL 60473
- Complex includes five separate office spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,528
Suggested Prices Based on Cap Rates
Cap Rate 5%
$150,560
$150.6K
Cap Rate 7%
$107,543
$107.5K
Cap Rate 9%
$83,644
$83.6K
Market Conditions
NOI Build-Up for 546 SF
Gross rent
$13.4K $24.48/SF
− Vacancy
−$3.3K −$6.10/SF
EGI
$10.0K $18.38/SF
− OpEx
−$2.5K −$4.60/SF
NOI
$7.5K $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%
$150,560
Cap Rate 7%
$107,543
Cap Rate 9%
$83,644
Alternative Uses
Best Use
Office B
$107.5K
$94.1K – $125.5K
NOI $7,528 @ 7.0% cap · market cap 25,093.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$188.5K
$165.0K – $219.9K
NOI $13,196 @ 7.0% cap · market cap 43,986.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
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 - The suite includes reception space, a break room, and four private offices.
Where is this office unit located?
The property is located at 17050 S Park Avenue #FUL South Holland, IL.
What are key features of this property?
This property features: Four private offices, a reception area, and a break room; Located in a renovated office complex at 17050 S Park Avenue, South Holland, IL 60473; Complex includes five separate office spaces
