4417 147th Street, Midlothian, IL 60445
Medical office in Midlothian's commercial district with ample parking.
- Added:
- Feb 28, 2026
- Days on Market:
- 129
- Last Refresh:
- Jun 23 at 10:56 am
Property Features for 4417 147th Street
General Information
- Standard status
- Active
- Size
- 912 SF
- Property subtype
- Office
Listing office CENTURY 21 Harthside Realtors
Listing date Feb 28, 2026
Source Crexi
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 CENTURY 21 Harthside Realtors
HighLights
- Prime location in the heart of the Midlothian Commercial District.
- Large parking lot with space for up to 20 cars.
- Roof, furnace, and central air are all under 10 years old.
- Potential for TIF Financed Assistance from the Village of Midlothian for improvements.
- Three entrances allow for potential rental to multiple businesses.
- Currently configured as a medical office with reception and patient service areas.
Overview
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 | $22.3k | $24.48 |
| − Vacancy | −$5.6k | −$6.10 |
| EGI | $16.8k | $18.38 |
| − OpEx | −$4.2k | −$4.60 |
| NOI | $12.6k | $13.79 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Midlothian
- County
- Cook
- State
- Illinois
- Longitude
- -87.728231
- Latitude
- 41.6251636
