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

    4N274 84th Court Hanover Park, IL 60133

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Renovated office space for rent.

    Type:Industrial
    Added:
    Mar 6, 2026
    Days on Market:
    29
    Last Refresh:
    Apr 1 at 9:06 pm

    Property Features for 4N274 84th Court

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Building Details

    Year Built
    2002

    Spaces For Lease

    at 4N274 84th Court Contact us

    We can help!

    Listing Contact
    Rick Anesi
    Rick Anesi

    Listing agent Rick Anesi License #IL 481000317

    Listing office Lee & Associates | Chicago

    Listing date Mar 6, 2026

    Source Lee-associates

    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 Lee & Associates | Chicago

    Overview

    Renovated Office Space Available

    This property offers renovated office spaces. The property is located in Hanover Park, IL.
    Location Intelligence

    Current Use by Public Records

    Fastenal Fulfillment Center ... Industrial Manufacturer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hanover Park
    County
    Cook
    State
    Illinois
    Longitude
    -88.1243
    Latitude
    41.9376

    Nearby Similar for Lease

    • Contact for pricing

      Renovated Office Space Available

      Recently renovated office/medical space with included utilities in high-traffic area.
      1645 Irving Park Road unit: 202, Hanover Park, IL 60133
      View Details
    • Contact for pricing

      Renovated Office Space For Rent

      Recently renovated office/medical space with kitchen, bathroom, and storage.
      1645 Irving Park Road unit: 203, Hanover Park, IL 60133
      View Details
    • Contact for pricing

      Office Space in Hanover Park

      Office space for lease with basement storage in Hanover Park.
      1255 Bamberg Court unit: 1240A, Hanover Park, IL 60133
      View Details
    • Contact for pricing

      Retail Space in Hanover Park

      Retail space available in a highly trafficked shopping area.
      7580 Barrington Road, Hanover Park, IL, 60133
      View Details
    • Contact for pricing

      Office Space in Hanover Park

      Office space with basement storage in convenient Hanover Park location.
      1255 Bamberg Court unit: 1240B, Hanover Park, IL 60133
      View Details
    • Contact for pricing

      New Industrial Building in Bartlett

      166,573 SF industrial building divisible to 50,000 SF.
      2305-2325 Kenyon Rd., Bartlett, IL 60103
      View Details
    • Contact for pricing

      Industrial Property with Crane and Land

      Industrial property featuring a crane, ample power, and expansion potential.
      900 Muirfield Dr, Hanover Park, IL
      View Details
    • Contact for pricing

      QSR End Cap with Drive-Thru

      First generation restaurant space with drive-thru, connected to Thorntons.
      823 W Lake St, Hanover Park, IL
      View Details
    • Contact for pricing

      Crane Building for Lease

      18,495 SF crane building with expansion potential.
      Hanover Park, IL 60133
      View Details
    • $20/mo

      Retail Space in Hanover Park

      Retail space available for lease in Hanover Park, Illinois.
      1190-1250 E Lake St, Hanover Park, IL
      View Details
    • Contact for pricing

      Retail Space Near Metra Station

      Retail space adjacent to Barrington Rd and Hanover Park Metra.
      1738-1756 56 W Lake St, Hanover Park, IL
      View Details
    • Contact for pricing

      Warehouse/Distribution Space For Lease

      Warehouse/distribution space for lease in new construction precast building.
      315 Miles Pkwy, Bartlett, IL
      View Details

    FAQs

    What type of property is this?
    Office units - Renovated office space for rent.
    Where is this office units located?
    The property is located at 4N274 84th Court Hanover Park, IL.
    What are key features of this property?
    This property features: Renovated offices offer a fresh and modern workspace.; Built in 2002.
    (773) 355-3043
    We can help!
    Listing Contact
    Rick Anesi
    Rick Anesi
    Real Estate License ID: IL 481000317
    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!