Building Details

Year Built 1982

Stories 1

Listing Agency: Coldwell Banker Realty m***@icloud.com Show Phone

Listed By: Mark Wright · License #475182410 Show Phone

Source: Cavanaghrealty

Added: Aug 3 Changed: Aug 31 Last Checked: Aug 3 at 3:24AM

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Investment Insights

Based on property information with market context.

This 986-square-foot office unit at 19740 Governors Highway, Suite 102, provides updated workspace within a building constructed in 1982. The property is offered for lease and carries OFFIC zoning.

The building is in Flossmoor, just north of Vollmer Road and Governors Highway. The University of Chicago Medical Center is located less than a block north. Additional office units are available in the same building and at 19710 Governors Highway, with sizes ranging from 771 to 1,178 square feet.

Key Highlights

• 986 SF office unit available for lease
• Updated office space in a building constructed in 1982
• OFFIC zoning

Property Analytics

Current Use

Chicago Midwest Claims ... Insurance Agency Next Level Healthcare ... Home Health Care Service Proactive Community Services Community Health Centre C.A.L.M. Wellness Spa Spa & Massage Center April Odom Physician

Suggested Use

Top Pick Building Supply Restaurant Auto Parts Store Real Estate Agency HVAC Service Hotel & Motel

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

Yes

Highway access

NNN (Triple Net)

Lease Type

$3.30 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,036

Businesses Nearby

Explore this area Business Placement

Demographics for 60422, IL

9,927

Population

3,894

Households

2.5

Avg Household Size

45

Median Age

67%

College-Educated

99%

High-School Grad

4.0 sq mi

ZIP Area

2,482

Density / Sq Mi

$134,728

Median Household Income

$80,123

Median Earnings

$2,191

Median Rent

$304,400

Median Home Value

Market

Lease Benchmarks for Flossmoor, IL

$19.57 /SF/Yr

Avg Asking Price

$12–$22 /SF/Yr

Price Range

1,221 SF

Avg Space Size

This space is priced 12% above the average of $19.57 /SF/Yr.

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

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What type of property is this? Where is this office units located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - 986-square-foot office space with OFFIC zoning near Vollmer Road and Governors Highway.

Where is this office units located?

The property is located at 19740 Governors Highway #102 Flossmoor, IL.

What is the lease rate?

The lease rate is $22 SF/Yr.

What are key features of this property?

This property features: 986 SF office unit available for lease; Updated office space in a building constructed in 1982; OFFIC zoning