Office Building With Private
6871 171st Street, Tinley Park, IL 60477
For Sale
$425,000
Commercial Sale, Tinley Park, IL
Property Size1,700 SF
Lot Size0.03 Acres
Price / SF$250
Days on Market87
Property Features for 6871 171st Street
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Cooling system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Buildings
Listing Agency:
RE/MAX 1st Service · RE/MAX International
Listed By:
John Schober · License IL #475139223
(708) 675-1600
Added: Aug 16
Changed: Oct 26
Last Checked: Nov 10 at 11:06AM
MLS# 12732704
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,700-square-foot brick office building offers a practical layout for professional or medical operations. Interior features include four private offices, a waiting area, a central work space, and a lunchroom. Vinyl and wood flooring are present, with finishes varying throughout the building. Furniture may be included for a buyer who wants it.
The property provides 14 parking spaces that have been resealed and striped. Central air is in place, with the furnace and A/C installed approximately 5 years ago. The hot water heater is 3 years old, and the roof dates to approximately 6 to 7 years ago. Constructed in 1974, the building is designated OFFIC.
The property provides 14 parking spaces that have been resealed and striped. Central air is in place, with the furnace and A/C installed approximately 5 years ago. The hot water heater is 3 years old, and the roof dates to approximately 6 to 7 years ago. Constructed in 1974, the building is designated OFFIC.
Key Highlights
- 1,700‑square‑foot brick office building
- Four private offices plus waiting area, central work space, and lunchroom
- 14 parking spaces, recently resealed and striped
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,235
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,700
$484.7K
Cap Rate 7%
$346,214
$346.2K
Cap Rate 9%
$269,278
$269.3K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$44.9K $26.40/SF
− Vacancy
−$12.6K −$7.39/SF
EGI
$32.3K $19.01/SF
− OpEx
−$8.1K −$4.75/SF
NOI
$24.2K $14.26/SF
Area
Cook County, IL
Vacancy
28.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,700
Cap Rate 7%
$346,214
Cap Rate 9%
$269,278
Alternative Uses
Best Use
Office B
$346.2K
$302.9K – $403.9K
NOI $24,235 @ 7.0% cap · market cap 5.70%
Second Best
Healthcare Medical
$321.7K
$281.5K – $375.4K
NOI $22,522 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$652.8K
$571.2K – $761.6K
NOI $45,696 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
918
Businesses Nearby
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Business Placement
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
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Market
Properties on Market for Office buildings in Cook County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Brick professional office with dedicated parking and multiple functional work areas.
Where is this office building located?
The property is located at 6871 171st Street Tinley Park, IL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,700‑square‑foot brick office building; Four private offices plus waiting area, central work space, and lunchroom; 14 parking spaces, recently resealed and striped
