Single-Level Office
7060 Centennial Drive, Tinley Park, IL 60477
For Sale
New
$195,000
Commercial Sale, Tinley Park, IL
Property Size1,250 SF
Lot Size0.96 Acres
Price / SF$156
Days on Market4
Property Features for 7060 Centennial Drive
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Lot size
Additional Details
Property Use
Condition
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Cooling system
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Buildings
Listing Agency:
RE/MAX 10 · RE/MAX International
(708) 429-4300
Listed By:
Kelly Klaff · License #760380121
(708) 857-1500
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 9 at 9:06AM
MLS# 12803369
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 single-level office unit contains approximately 1,250 square feet, arranged with four private offices, a reception and waiting area, a kitchenette, and a bathroom. One office has its own entrance, while two common entrances are handicap-accessible. The building is brick construction, was built in 1998, and has central air conditioning and public sewer service. The stated zoning designation is OFFIC.
The property is near the Metra station and a short drive from I-80, I-294, and I-57. The office layout and access features are complemented by parking on site.
The property is near the Metra station and a short drive from I-80, I-294, and I-57. The office layout and access features are complemented by parking on site.
Key Highlights
- Approximately 1,250 square feet of single‑level office space
- Four private offices, reception and waiting area, kitchenette, and bathroom
- One office has a private entrance; two common entrances are handicap‑accessible
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,820
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,400
$356.4K
Cap Rate 7%
$254,571
$254.6K
Cap Rate 9%
$198,000
$198.0K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$33.0K $26.40/SF
− Vacancy
−$9.2K −$7.39/SF
EGI
$23.8K $19.01/SF
− OpEx
−$5.9K −$4.75/SF
NOI
$17.8K $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%
$356,400
Cap Rate 7%
$254,571
Cap Rate 9%
$198,000
Alternative Uses
Best Use
Office B
$254.6K
$222.8K – $297.0K
NOI $17,820 @ 7.0% cap · market cap 9.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$480.0K
$420.0K – $560.0K
NOI $33,600 @ 7.0% cap · market cap 17.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,188
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
$262,400
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Cook County, IL
Properties on Market for Office Units in Cook County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Four private offices, a reception and waiting area, kitchenette, and bathroom form a practical professional workspace.
Where is this office unit located?
The property is located at 7060 Centennial Drive Tinley Park, IL.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Approximately 1,250 square feet of single‑level office space; Four private offices, reception and waiting area, kitchenette, and bathroom; One office has a private entrance; two common entrances are handicap‑accessible
