Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4747 Lincoln Hwy Matteson, IL 60443

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Class-A office and medical building for lease in Matteson, Illinois.

    Type:Office
    Added:
    Jun 13, 2023
    Days on Market:
    1038
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 4747 Lincoln Hwy

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1988

    Spaces For Lease

    at 4747 Lincoln Hwy Contact us

    603 $18 /Mo

    Size
    1,170 SF
    Type
    Office
    Contact us

    225/250 $18 /Mo

    Size
    5,918 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Theron May

    Listing agent Theron May License #IL 471.019986

    Listing office Imperial Realty Company

    Listing date Jun 13, 2023

    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 Imperial Realty Company

    Overview

    Class-A Office and Medical Building

    The property at 4747 Lincoln Mall Drive is a Class-A office and medical building available for lease in Matteson, Illinois. It features abundant parking, attractive window lines, a tenant break room and lounge, and an outside patio. The location offers convenient access to numerous nearby restaurants, including Chipotle, Starbucks, Five Guys, Potbelly, Panera Bread, Giordano's, Panda Express, Rosati's Pizza, White Castle, Long John Silvers, and Dairy Queen. Situated just off I-57, which sees 70,000 vehicles per day (VPD), the building is located at the intersection of Lincoln Hwy (Rt-30) and Cicero Ave, a main thoroughfare with 55,000 VPD connecting Joliet, New Lenox, Frankfort, and Mokena with Chicago Heights, Sauk Village, Schereville, Merrillville, and Valparaiso. Onsite management and engineering services are provided, along with 5-day janitorial service and included HVAC. Move-in ready offices are available.
    Location Intelligence

    Current Use by Public Records

    BNM Professional Consulting ... Physician Fact Finders Group, ... Law Firm Wendell D Hayes ... Law Firm Sims Metal Management Auto Parts Store Financial Solutions Network Financial Advisor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Matteson
    County
    Cook
    State
    Illinois
    Longitude
    -87.733188
    Latitude
    41.505696

    Nearby Similar for Lease

    • $24/mo

      Retail Space on Lincoln Highway

      Inline retail space with build-out potential on a major corridor.
      4445 Lincoln Highway, Matteson, IL 60443
      View Details
    • $8/mo

      Industrial Space Near Major Interstates

      Available industrial space near I-57, I-80, and US-30.
      21800 South Cicero Avenue, Matteson, IL, 60443
      View Details
    • $18/mo

      Retail Space Anchored by Pete's

      Retail space available in Matteson Plaza Shopping Center.
      4233 Lincoln Highway, Matteson, IL 60443
      View Details
    • $10/mo

      Retail Space Near Pete's Market

      Retail space available in Matteson Plaza near major intersection.
      4147 Lincoln Highway, Matteson, IL 60443
      View Details
    • Contact for pricing

      Restaurant Endcap with Patio Available

      3,600 SF restaurant endcap near Lincoln Hwy and Cicero Ave.
      4800 Lincoln Hwy, Matteson, IL 60443
      View Details
    • Contact for pricing

      Double Drive-Thru Retail Opportunity

      Double drive-thru building in mixed-use development with ample parking.
      4605 W Lincoln Hwy, Matteson, IL 60443
      View Details
    • Contact for pricing

      Matteson Office Space Available

      Office space for rent in Matteson, Illinois.
      4807 Town Center Rd, Matteson, IL
      View Details
    • Contact for pricing

      Retail Space on Lincoln Highway

      Retail space with excellent frontage and visibility available for lease.
      4012-4330 211th St, Matteson, IL
      View Details
    • Contact for pricing

      Retail Space on Lincoln Highway

      Retail space with excellent frontage and visibility on Lincoln Highway.
      4300 211th St, Matteson, IL
      View Details
    • Contact for pricing

      Class A Office Building

      Class A office building for lease in Matteson, Illinois.
      4801 Southwick Dr, Matteson, IL 60443
      View Details

    FAQs

    What type of property is this?
    Office building - Class-A office and medical building for lease in Matteson, Illinois.
    Where is this office building located?
    The property is located at 4747 Lincoln Hwy Matteson, IL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Class‑A office and medical building with move‑in ready offices; Excellent location off I‑57 at the intersection of Lincoln Hwy (Rt‑30) and Cicero Ave with high traffic volume; Abundant parking available
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Theron May
    Real Estate License ID: IL 471.019986
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!