All-Brick One-Story Office
17236 Harlem Avenue Tinley Park, IL 60477
17236 Harlem Avenue, Tinley Park, IL, 60477
$775,000
For Sale
$775,000
All-brick one-story office building with four leased suite offices and 18 parking spots.
Property Size4,746 SF
Price / SF$163.30
Days on Market204
Property Features for 17236 Harlem Avenue
General Information
- Standard status
- Active
- Size
- 4,746 SF
- Property subtype
- Office
Building Details
- Year Built
- 1987
Listing agency
@properties Christie's International Real Estate
(708) 828-1004
Listed by
Jennifer Sowacke · License #475173307
(708) 828-1004
Source
Xome
Added: Dec 30, 2025 Updated: Jul 21 at 6:41PM Checked: Jul 21 at 6:41PM
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
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.
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
Local Financial Insights For Office B
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 | $116.2k | $24.48 |
| − Vacancy | −$28.9k | −$6.10 |
| EGI | $87.3k | $18.38 |
| − OpEx | −$21.8k | −$4.60 |
| NOI | $65.4k | $13.79 |
4,746 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$934.9K
$818.0K – $1.09M
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
NOI $114,700 @ 7.0% cap · market cap 14.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
PTSIR
Medical Clinic
Jennifer N. Racette, ...
Physician
Laura Semanic - State ...
Insurance Agency
Tom Thorsen - State ...
Insurance Agency
Travis Spagnola
Physician
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FAQs
What type of property is this?
Office units - All-brick one-story office building with four leased suite offices and 18 parking spots.
Where is this office units located?
The property is located at 17236 Harlem Avenue 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
