Office Condo with Private
8041 186TH ST, Tinley Park, IL 60487
For Sale
Contact for pricing
A flexible suite combines reception, private rooms, shared work area, breakroom, and two restrooms.
Property Size2,062 SF
Price / SF$190
Days on Market55
Property Features for 8041 186TH ST
General Information
Standard status
Size
Property subtype
Building Details
Construction
Listing Agency:
Olivieri Real Estate LLC
Listed By:
Jackie Montvidas · License #IL 705768
Source:
Crexi
Added: Sep 16
Changed: Oct 26
Last Checked: Nov 8 at 8:52AM
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 Olivieri Real Estate LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,062-square-foot office condo has an all-brick exterior and large windows. Its layout includes a reception and waiting area, two private offices, an open office area, two restrooms, and a breakroom.
Key Highlights
- 2,062 SF office condo
- All‑brick construction with large windows
- Reception and waiting area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,396
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,920
$587.9K
Cap Rate 7%
$419,943
$419.9K
Cap Rate 9%
$326,622
$326.6K
Market Conditions
NOI Build-Up for 2,062 SF
Gross rent
$54.4K $26.40/SF
− Vacancy
−$15.2K −$7.39/SF
EGI
$39.2K $19.01/SF
− OpEx
−$9.8K −$4.75/SF
NOI
$29.4K $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%
$587,920
Cap Rate 7%
$419,943
Cap Rate 9%
$326,622
Alternative Uses
Best Use
Office B
$419.9K
$367.5K – $489.9K
NOI $29,396 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$791.8K
$692.8K – $923.8K
NOI $55,427 @ 7.0% cap · market cap 14.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
516
Businesses Nearby
Explore this area
Business Placement
Demographics for 60487, IL
26,388
Population
9,293
Households
2.8
Avg Household Size
42
Median Age
45%
College-Educated
98%
High-School Grad
7.5 sq mi
ZIP Area
3,518
Density / Sq Mi
$137,426
Median Household Income
$61,571
Median Earnings
$1,428
Median Rent
$339,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - A flexible suite combines reception, private rooms, shared work area, breakroom, and two restrooms.
Where is this office unit located?
The property is located at 8041 186TH ST Tinley Park, IL.
What is the asking price?
The asking price for this property is $391,780.
What are key features of this property?
This property features: 2,062 SF office condo; All‑brick construction with large windows; Reception and waiting area
