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Multi-Room Office Building
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4508 147th St, Midlothian, IL 60445

Building includes six office rooms plus a waiting area, bath, and small kitchenette, sold as-is.

Property Size1,800 SF
Days on Market121

Property Features for 4508 147th St

General Information

Standard status Active
Size 1,800 SF
Property subtype Office

Additional Details

Office Units 6
Listing Agency: Keller Williams Preferred Realty
Listed By: Ron Wexler · License #IL
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 20 at 5:44PM

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 Keller Williams Preferred Realty

Investment Insights

Based on property information with market context.

This office building is configured with six separate office rooms plus a waiting area, bath, and small kitchenette space. The seller advises the building size is approximately 1,800 square feet. The property is being sold AS-IS.

The building is located at 4508 147th St, Midlothian, IL 60445, at a busy intersection with a high traffic count, according to the seller.

Updates noted by the seller include newer A/C, a new water heater, and a new furnace within the past few years. The seller reports the building has been rented for $3,000 per month under a net-net lease structure in recent years. Taxes have been appealed in the past and were reduced to around $13,000, per the seller.

Key Highlights

  • Building with 6 separate office rooms plus a waiting area, bath, and small kitchenette
  • Sold as‑is
  • Seller reports leasing at $3,000/month under a net‑net lease (past few years)

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Law Firm Furniture & Home Goods Storage Facility Kitchen & Bath Showroom Grocery & Convenience Store (Bike/Boat/Book/etc) Store

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

6
Office units

Location Intelligence

Trade Area within ½ mile

256
Businesses Nearby

Demographics for 60445, IL

14,692
Population
6,228
Households
2.4
Avg Household Size
37
Median Age
19%
College-Educated
88%
High-School Grad
4.3 sq mi
ZIP Area
3,417
Density / Sq Mi
$68,385
Median Household Income
$46,480
Median Earnings
$1,202
Median Rent
$201,700
Median Home Value

Market

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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Frequently Asked Questions

What type of property is this?
Office units - Building includes six office rooms plus a waiting area, bath, and small kitchenette, sold as-is.
Where is this office units located?
The property is located at 4508 147th St Midlothian, IL.
What are key features of this property?
This property features: Building with 6 separate office rooms plus a waiting area, bath, and small kitchenette; Sold as‑is; Seller reports leasing at $3,000/month under a net‑net lease (past few years)
(708) 629-5151 Call to check price and availability
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