Move-In-Ready Medical Office
For Sale
$200,000
3330 W 177th Street, Hazel Crest, IL 60429
Commercial Sale, Hazel Crest, IL
Property Size1,050 SF
Lot Size6.80 Acres
Price / SF$190.48
Days on Market223
Property Features for 3330 W 177th Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
OFFIC
Directions
KEDZIE TO 177TH ST WEST TO BUILDING
Subdivision
Hazel Crest
Standard status
Active
APN
28352040391020
Lot size
6.80 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
4323
Utilities
Cooling system
Central Air
Building Details
Year built
2007
Floors in Building
3
Number of units
1
Flooring type
Tile, Carpet
Building materials
Concrete, Masonite, Sheltered Porch
Listing Agency:
Infiniti Properties, Inc.
(708) 206-3000
Listed By:
Efren Ortiz · License #475173599
(630) 697-4454
Added: Jan 29
Changed: Aug 20
Last Checked: Sep 9 at 4:06AM
MLS# 12557253
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This third-floor medical office suite at 3330 W 177th Street in Hazel Crest offers approximately 1,050 square feet of professionally configured space. The layout includes four private offices, a reception area, a waiting room, one bathroom, and a compact lunchroom. Natural light, broad views, central air, tile and carpet flooring, and concrete construction add to the functional office setting. Furniture is also available to the buyer as part of the transition.
The property is located directly across from Advocate and was built in 2007. Zoning is identified as OFFIC. The suite’s configuration supports medical, wellness, and other professional office uses in a dedicated setting.
The property is located directly across from Advocate and was built in 2007. Zoning is identified as OFFIC. The suite’s configuration supports medical, wellness, and other professional office uses in a dedicated setting.
Key Highlights
- Approximately 1,050 SF on the 3rd floor
- Four private offices plus reception and waiting areas
- Includes a bathroom and small lunchroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,478
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$289,560
$289.6K
Cap Rate 7%
$206,829
$206.8K
Cap Rate 9%
$160,867
$160.9K
Market Conditions
NOI Build-Up for 1,050 SF
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.
Gross rent
$25.7K $24.48/SF
− Vacancy
−$6.4K −$6.10/SF
EGI
$19.3K $18.38/SF
− OpEx
−$4.8K −$4.60/SF
NOI
$14.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$289,560
Cap Rate 7%
$206,829
Cap Rate 9%
$160,867
Alternative Uses
Best Use
Office B
$206.8K
$181.0K – $241.3K
NOI $14,478 @ 7.0% cap · market cap 7.24%
Second Best
Healthcare Medical
$198.7K
$173.9K – $231.8K
NOI $13,910 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$362.5K
$317.2K – $422.9K
NOI $25,376 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Third-floor suite includes private offices, reception, waiting, and support areas for a professional practice.
Where is this medical office space located?
The property is located at 3330 W 177th Street Hazel Crest, IL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Approximately 1,050 SF on the 3rd floor; Four private offices plus reception and waiting areas; Includes a bathroom and small lunchroom
