Multi-Unit Office
8233 S Harlem Avenue #1, Bridgeview, IL 60455
For Sale
Contact for pricing
Office suites include on-site parking, with a first-floor layout featuring private offices and a conference room.
Property Size1,800 SF
Price / SF$0.02
Days on Market43
Property Features for 8233 S Harlem Avenue #1
General Information
Standard status
Size
Property subtype
Additional Details
Condition
Property Use
Building Details
Year Built
Listing Agency:
Sperry Van Ness
(312) 676-1866
Listed By:
Derek Gonsch · License #475192105
(708) 267-9988
Source:
Helenoliveri
Added: Sep 28
Changed: Nov 8
Last Checked: Nov 8 at 7:53AM
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 Sperry Van Ness
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Investment Insights
Based on property information with market context.
Office space is available across the building’s first floor, a second-floor unit, and a lower-level unit. The larger first-floor suite contains five private offices, a kitchenette, a conference room, and a bathroom. The lower-level space has an open layout with carpet flooring. The property was built in 1973, and the available space totals 1,800 square feet.
The building fronts Harlem Avenue in Bridgeview, Illinois, and provides on-site parking. A first-floor unit may be converted to retail subject to the landlord’s approval.
The building fronts Harlem Avenue in Bridgeview, Illinois, and provides on-site parking. A first-floor unit may be converted to retail subject to the landlord’s approval.
Key Highlights
- 1,800 square feet of available office space
- First‑floor suite includes 5 private offices, a kitchenette, conference room, and bathroom
- Additional space available on the second floor and lower level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,661
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,220
$513.2K
Cap Rate 7%
$366,586
$366.6K
Cap Rate 9%
$285,122
$285.1K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$47.5K $26.40/SF
− Vacancy
−$13.3K −$7.39/SF
EGI
$34.2K $19.01/SF
− OpEx
−$8.6K −$4.75/SF
NOI
$25.7K $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%
$513,220
Cap Rate 7%
$366,586
Cap Rate 9%
$285,122
Alternative Uses
Best Use
Office B
$366.6K
$320.8K – $427.7K
NOI $25,661 @ 7.0% cap · market cap 77,760.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$691.2K
$604.8K – $806.4K
NOI $48,384 @ 7.0% cap · market cap 146,618.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
788
Businesses Nearby
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Business Placement
Demographics for 60455, IL
17,098
Population
6,834
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
83%
High-School Grad
4.2 sq mi
ZIP Area
4,071
Density / Sq Mi
$65,342
Median Household Income
$37,303
Median Earnings
$1,139
Median Rent
$234,400
Median Home Value
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Market
Average Price Trend$/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 - Office suites include on-site parking, with a first-floor layout featuring private offices and a conference room.
Where is this office unit located?
The property is located at 8233 S Harlem Avenue #1 Bridgeview, IL.
What are key features of this property?
This property features: 1,800 square feet of available office space; First‑floor suite includes 5 private offices, a kitchenette, conference room, and bathroom; Additional space available on the second floor and lower level
