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Medical Office Space
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Pending

6850 Centennial Dr, Tinley Park, IL 60477

Medical office property in Tinley Park, within the Chicago MSA.

Property Size6,000 SF
Days on Market143

Property Features for 6850 Centennial Dr

General Information

Standard status Pending
Size 6,000 SF
Property subtype Office

Additional Details

Cap Rate 7.5%
Listing Agency: Matthews
Listed By: Jacob Friedman · License #IL 475169452
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 31 at 8:14AM

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 Matthews

Investment Insights

Based on property information with market context.

This medical office property offers 6,000 SF of space in Tinley Park, Illinois. The asset is presented for sale and is identified for medical office use.

The property is located at 6850 Centennial Dr in Tinley Park, within the Chicago MSA. Its reported 7.50% CAP provides a defined investment metric for evaluating the offering.

Key Highlights

  • 6,000 SF medical office property
  • 7.50% CAP
  • Located at 6850 Centennial Dr in Tinley Park, IL 60477

Property Analytics

Current Use

advocate health care Medical Clinic Integrity Orthopedics Physician Edward Joy, MD Physician Dr. Daniel T ... Physician Nicholas Angelopoulos DO Physician

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Daycare Center Furniture & Home Goods Parking Lot & Garage Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,026
Businesses Nearby
Under-served
Demand for This Use

Demographics for 60477, IL

37,335
Population
16,261
Households
2.3
Avg Household Size
43
Median Age
34%
College-Educated
95%
High-School Grad
14.2 sq mi
ZIP Area
2,629
Density / Sq Mi
$93,862
Median Household Income
$57,381
Median Earnings
$1,485
Median Rent
$262,400
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
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Premier Veterinary Group - Orland Park 7000 W 159th St, Orland Park, IL 60462

Frequently Asked Questions

What type of property is this?
Medical Office Space - Medical office property in Tinley Park, within the Chicago MSA.
Where is this medical office space located?
The property is located at 6850 Centennial Dr Tinley Park, IL.
What are key features of this property?
This property features: 6,000 SF medical office property; 7.50% CAP; Located at 6850 Centennial Dr in Tinley Park, IL 60477
More about this property
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