Multi-Level Office
8233 S Harlem Avenue #2, Bridgeview, IL 60455
For Sale
Contact for pricing
Available spaces include a full ground floor, an upper-level suite, and a lower-level unit.
Property Size750 SF
Price / SF$0.03
Days on Market43
Property Features for 8233 S Harlem Avenue #2
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 7:54AM
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 offered across three levels at this 1973 building in Bridgeview. The available configuration includes the full first floor, one second-floor unit, and a lower-level unit. The larger ground-floor suite contains five private offices, a kitchenette, a conference room, and a bathroom; the lower-level space has an open layout and carpeted flooring.
On-site parking serves the property along S Harlem Avenue. The landlord is open to converting the ground-floor unit to retail use under mutually suitable circumstances.
On-site parking serves the property along S Harlem Avenue. The landlord is open to converting the ground-floor unit to retail use under mutually suitable circumstances.
Key Highlights
- Full first floor, one second‑floor suite, and one lower‑level unit available
- Larger first‑floor suite includes 5 private offices, kitchenette, conference room, and bathroom
- Carpeted, open‑concept lower‑level unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,692
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,840
$213.8K
Cap Rate 7%
$152,743
$152.7K
Cap Rate 9%
$118,800
$118.8K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$19.8K $26.40/SF
− Vacancy
−$5.5K −$7.39/SF
EGI
$14.3K $19.01/SF
− OpEx
−$3.6K −$4.75/SF
NOI
$10.7K $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%
$213,840
Cap Rate 7%
$152,743
Cap Rate 9%
$118,800
Alternative Uses
Best Use
Office B
$152.7K
$133.7K – $178.2K
NOI $10,692 @ 7.0% cap · market cap 44,550.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$288.0K
$252.0K – $336.0K
NOI $20,160 @ 7.0% cap · market cap 84,000.00%
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 - Available spaces include a full ground floor, an upper-level suite, and a lower-level unit.
Where is this office unit located?
The property is located at 8233 S Harlem Avenue #2 Bridgeview, IL.
What are key features of this property?
This property features: Full first floor, one second‑floor suite, and one lower‑level unit available; Larger first‑floor suite includes 5 private offices, kitchenette, conference room, and bathroom; Carpeted, open‑concept lower‑level unit
