Recently Renovated Single-Tenant Office
For Sale
Contact for pricing
6741 W 127th St, Palos Heights, IL 60463
Recently renovated single-tenant office with an efficient layout featuring private offices, conference space, and upgraded HVAC.
Property Size2,500 SF
Price / SF$300
Days on Market21
Property Features for 6741 W 127th St
General Information
Standard status
Active
Size
2,500 SF
Property subtype
OFFICE
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
SVN | Chicago - Corporate
(708) 289-0297
Listed By:
James Mead · License #471012893
(708) 289-0297
Source:
Moodyscre
Added: Jul 10
Changed: Jul 29
Last Checked: Jul 29 at 6:52PM
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 SVN | Chicago - Corporate
Investment Insights
Based on property information with market context.
This conveniently configured single-tenant office building is tailored for professional medical or office users. The interior offers an efficient floor plate with multiple private offices, conference, admin, lunch, and storage areas, supported by a well-designed lobby and common areas that fit modern office expectations.
The building was recently completed with a total gut renovation to building finishes, HVAC, plumbing, and electrical systems. At approximately 2,500 SF, the layout is designed to support day-to-day operations across office and meeting spaces.
Convenience is a key part of the location, with an estimated drive time of ten minutes to the Orland Park SW Suburb Regional Hub and about 35 minutes to Downtown Chicago.
The building was recently completed with a total gut renovation to building finishes, HVAC, plumbing, and electrical systems. At approximately 2,500 SF, the layout is designed to support day-to-day operations across office and meeting spaces.
Convenience is a key part of the location, with an estimated drive time of ten minutes to the Orland Park SW Suburb Regional Hub and about 35 minutes to Downtown Chicago.
Key Highlights
- Recently completed total gut renovation including HVAC, plumbing, and electrical systems
- Efficient floor plate with multiple private offices, conference, admin, lunch, and storage areas
- Single‑tenant office building tailored for professional medical or office users
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 | $61.2k | $24.48 |
| − Vacancy | −$15.2k | −$6.10 |
| EGI | $46.0k | $18.38 |
| − OpEx | −$11.5k | −$4.60 |
| NOI | $34.5k | $13.79 |
2,500 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$492.4K
$430.9K – $574.5K
NOI $34,471 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$863.1K
$755.3K – $1.01M
NOI $60,420 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,006
Businesses Nearby
Explore this area
Business Placement
Demographics for 60463, IL
14,048
Population
5,501
Households
2.6
Avg Household Size
52
Median Age
41%
College-Educated
97%
High-School Grad
5.3 sq mi
ZIP Area
2,651
Density / Sq Mi
$105,389
Median Household Income
$64,885
Median Earnings
$2,119
Median Rent
$343,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Recently renovated single-tenant office with an efficient layout featuring private offices, conference space, and upgraded HVAC.
Where is this office building located?
The property is located at 6741 W 127th St Palos Heights, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Recently completed total gut renovation including HVAC, plumbing, and electrical systems; Efficient floor plate with multiple private offices, conference, admin, lunch, and storage areas; Single‑tenant office building tailored for professional medical or office users
