Building Details

Year Built 1987

Stories 1

Construction brick

Tenancy Multi

Listing Agency: @properties Christie's International Real Estate

Listed By: Jennifer Sowacke · License #475173307 Show Phone

Source: Grandviewrealtyservices

Added: Apr 24 Changed: Oct 1 Last Checked: Oct 7 at 4:26PM

Report an Issue

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 @properties Christie's International Real Estate

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This all-brick, one-story office building offers four suite offices, all currently leased. The property includes 18 parking spots to support tenant and visitor access.

The building is located on Harlem Avenue in Tinley Park within a high-traffic shopping area. It sits centrally among multiple plazas with restaurants, retailers, and service businesses.

The existing configuration is designed as a multi-suite office asset, with the four suites providing separate leased spaces within the single-story structure.

Key Highlights

• All‑brick, one‑story office building built in 1987
• 4 suite offices, all currently leased
• 18 parking spots for the office building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$65,440

Cap Rate

8.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,308,800 $1.3M

Cap Rate 7%

$934,857 $934.9K

Cap Rate 9%

$727,111 $727.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,746 SF

Gross rent

$116.2K $24.48/SF

− Vacancy

−$28.9K −$6.10/SF

EGI

$87.3K $18.38/SF

− OpEx

−$21.8K −$4.60/SF

NOI

$65.4K $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%

$1,308,800

Cap Rate 7%

$934,857

Cap Rate 9%

$727,111

Alternative Uses

Best Use

Office B

$934.9K

$818.0K – $1.09M (±1% cap)

NOI $65,440 @ 7.0% cap · market cap 8.44%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.64M

$1.43M – $1.91M (±1% cap)

NOI $114,700 @ 7.0% cap · market cap 14.80%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

PTSIR Medical Clinic Jennifer N. Racette, ... Physician Laura Semanic - State ... Insurance Agency Tom Thorsen - State ... Insurance Agency Travis Spagnola Physician

Suggested Use

Top Pick Bakery Storage Facility Real Estate Agency Catering Service Tech Support Center (Bike/Boat/Book/etc) Store

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

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

861

Businesses Nearby

Explore this area Business Placement

Demographics for 60477, IL

37,335

Population

16,261

Households

2.3

Avg Household Size

43

Median Age

34%

College-Educated

95%

High-School Grad

14.2 sq mi

ZIP Area

2,629

Density / Sq Mi

$93,862

Median Household Income

$57,381

Median Earnings

$1,485

Median Rent

$262,400

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

Similar For Sale Nearby

See more

Operating Coworking Space

7030 Centennial Dr, Tinley Park, IL 60477

$279,900

3,400 SF

View details

All-Brick Office Condo

8041 186th Street A, Tinley Park, IL 60487

$400,000

8,248 SF

View details

Office Building With Private Offices

6871 171st Street, Tinley Park, IL 60477

$425,000

0.03 Acres

View details

Versatile Office Condo in Tinley

17710 Oak Park Ave, Tinley Park, IL 60477

$149,900

1,446 SF

View details

Lower-Level Office Unit

7060 Centennial Drive, Tinley Park, IL 60477

$45,000

View details

Single-Story Office Building For Sale

18501 Maple Creek Dr, Tinley Park, IL 60477

Contact for pricing

38,079 SF

View details

Masonry Office Building with Private Entrances

8151 W 183rd St, Tinley Park, IL 60487

Contact for pricing

51,023 SF

View details

Lower-Level Office Suite with Conference Room

108-7060 Centennial Dr, Tinley Park, IL 60477

$45,000

View details

Corner Restaurant Property

18301 Oak Park Ave, Tinley Park, IL 60477

$350,000

2,900 SF

View details

Freshly Renovated Restaurant Space

15929 South Harlem Avenue, Tinley Park, IL 60477

$290,000

View details

Updated Condo in 55+ Building

6320 Pine Ridge Drive #1B, Tinley Park, IL 60477

$264,000

View details

Equipped Coffee Shop Business Assets

15945 Harlem Ave, Tinley Park, IL 60477

$95,000

1,600 SF

View details

Frequently Asked Questions

What type of property is this?

Office unit - All-brick one-story office building with four leased suite offices and 18 parking spots.

Where is this office unit located?

The property is located at 17236 Harlem Ave Tinley Park, IL.

What is the asking price?

The asking price for this property is $775,000.

What are key features of this property?

This property features: All‑brick, one‑story office building built in 1987; 4 suite offices, all currently leased; 18 parking spots for the office building