Medical Office Suite with Patient
For Sale
$375,000
3330 W 177th Street #2E, Hazel Crest, IL 60429
The suite includes dedicated clinical rooms, staff work areas, and a substantial reception and administration area.
Property Size2,500 SF
Price / SF$150
Days on Market10
Property Features for 3330 W 177th Street #2E
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Commercial
Zoning
OFFIC
Additional Details
Condition
Move-in Ready
Highway Access
Yes
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$10,128
Building Details
Year Built
2004
Stories
3
Units
1
Listing Agency:
Coldwell Banker Realty
Listed By:
John Nugent · License #475090952
(708) 424-4000
Source:
Crossdavidson
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 26 at 3:42AM
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 Coldwell Banker 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 2,500-square-foot medical office suite, built in 2004, is arranged with two offices and six patient rooms. Each clinical room has a sink and cabinetry. Additional space includes a large reception area, an administration area, nurses’ stations, a break room, and storage. Common restrooms are located across the hall. The property is zoned OFFIC.
South Suburban Hospital is across the street, and I-80, I-94, and I-294 are nearby. The suite is at the Hazel Crest and Homewood border. Purchase and lease options are offered, with a shared-office arrangement also available. For a lease, the owner covers property taxes; the tenant pays CAM and electric.
South Suburban Hospital is across the street, and I-80, I-94, and I-294 are nearby. The suite is at the Hazel Crest and Homewood border. Purchase and lease options are offered, with a shared-office arrangement also available. For a lease, the owner covers property taxes; the tenant pays CAM and electric.
Key Highlights
- 2,500‑square‑foot medical suite with 2 offices and 6 patient rooms
- Patient rooms include sinks and cabinetry
- Large reception and administration areas, nurses’ stations, break room, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,471
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,420
$689.4K
Cap Rate 7%
$492,443
$492.4K
Cap Rate 9%
$383,011
$383.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$61.2K $24.48/SF
− Vacancy
−$15.2K −$6.10/SF
EGI
$46.0K $18.38/SF
− OpEx
−$11.5K −$4.60/SF
NOI
$34.5K $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%
$689,420
Cap Rate 7%
$492,443
Cap Rate 9%
$383,011
Alternative Uses
Best Use
Office B
$492.4K
$430.9K – $574.5K
NOI $34,471 @ 7.0% cap · market cap 9.19%
Second Best
Healthcare Medical
$473.1K
$414.0K – $552.0K
NOI $33,120 @ 7.0% cap · market cap 8.83%
Theoretical Best
Office A
$863.1K
$755.3K – $1.01M
NOI $60,420 @ 7.0% cap · market cap 16.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,131
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60429, IL
14,683
Population
5,969
Households
2.5
Avg Household Size
39
Median Age
24%
College-Educated
92%
High-School Grad
4.1 sq mi
ZIP Area
3,581
Density / Sq Mi
$62,231
Median Household Income
$43,120
Median Earnings
$1,440
Median Rent
$180,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - The suite includes dedicated clinical rooms, staff work areas, and a substantial reception and administration area.
Where is this medical office space located?
The property is located at 3330 W 177th Street #2E Hazel Crest, IL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,500‑square‑foot medical suite with 2 offices and 6 patient rooms; Patient rooms include sinks and cabinetry; Large reception and administration areas, nurses’ stations, break room, and storage
