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Three-Building Office Park
For Sale
$1,000,000

504 Ohara Drive, Troy, IL 62294

A multi-building office property offers flexible space for professional and commercial occupancy.

Property Size11,900 SF
Price / SF$84.03
Days on Market115

Property Features for 504 Ohara Drive

General Information

Standard status Active
Size 11,900 SF
Total Parking Spaces 75
Property subtype Commercial

Additional Details

Highway Access Yes
Property Use Office

Taxes and HOA fees

Annual Taxes $11,512

Building Details

Building Size 11,900 SF
Year Built 1997
Buildings 3
Listing Agency: Manor Real Estate
Listed By: Caleb Anthonis · License #475207195
Source: Flowershomerealty
Added: Jul 2 Changed: Oct 23 Last Checked: Oct 23 at 1:26PM

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 Manor Real Estate

Rey
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Investment Insights

Based on property information with market context.

This office property comprises three buildings at 505 Buckeye, 500 Ohara, and 504 Ohara, with a combined 11,900 square feet of office space. Built in 1997, the buildings provide an established office setting for a range of business uses.

The property is in Troy, Illinois, near I-55 and I-70, with approximately 75 parking spaces serving tenants and visitors.

Key Highlights

  • Three buildings at 505 Buckeye, 500 Ohara, and 504 Ohara
  • 11,900 square feet of combined office space
  • Approximately 75 parking spaces

Property Analytics

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Current Use

Slc Transportation Inc Trucking Company First Step DUI ... Physician

Suggested Use

Top Pick Law Firm Auto Parts Store Parking Lot & Garage Grocery & Convenience Store Plumbing Service (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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

344
Businesses Nearby

Demographics for 62294, IL

15,431
Population
6,138
Households
2.5
Avg Household Size
39
Median Age
47%
College-Educated
98%
High-School Grad
29.5 sq mi
ZIP Area
523
Density / Sq Mi
$108,418
Median Household Income
$57,002
Median Earnings
$1,069
Median Rent
$255,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Office building - A multi-building office property offers flexible space for professional and commercial occupancy.
Where is this office building located?
The property is located at 504 Ohara Drive Troy, IL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Three buildings at 505 Buckeye, 500 Ohara, and 504 Ohara; 11,900 square feet of combined office space; Approximately 75 parking spaces
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