Well-Kept Office Building with
For Sale
$990,000
8265 S Archer Avenue, Willow Springs, IL 60480
Office building with four professionally finished suites, reception, conference rooms, and separate entrances with on-site parking.
Property Size4,954 SF
Price / SF$199.84
Days on Market114
Property Features for 8265 S Archer Avenue
General Information
Standard status
Active
Size
4,954 SF
Zoning
COMMR
Occupancy
100%
Net Operating Income
$61,252
Additional Details
Highway Access
Yes
Office Units
4
Taxes and HOA fees
Annual Taxes
$19,651
Amenities
conference rooms
reception area
landscaped grounds
Central Air
Building Details
Building Size
4,954 SF
Year Built
1999
Stories
2
Tenancy
Multi
Listed By:
Katerina Pavlova · License #227262591
(201) 496-8976
Source:
Evrealestate
Added: Jun 19
Changed: Oct 3
Last Checked: Oct 9 at 8:08PM
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 Katerina Pavlova
Investment Insights
Based on property information with market context.
This well-maintained office building in Willow Springs offers approximately 4,954 square feet of professional workspace configured into four office suites. Each suite has a separate entrance, and the building includes conference rooms and a reception area. Custom designed build-outs are in place, supporting a ready-to-occupy office layout. The property also features landscaped grounds and plenty of parking.
The building is described as a highly visible corner location with good signage opportunity and easy access to expressways, supported by a steady flow of traffic.
The property is fully leased with long-term tenants, according to the listing remarks, making it suited for investors seeking an income-producing office asset.
The building is described as a highly visible corner location with good signage opportunity and easy access to expressways, supported by a steady flow of traffic.
The property is fully leased with long-term tenants, according to the listing remarks, making it suited for investors seeking an income-producing office asset.
Key Highlights
- Well‑maintained office building built in 1999 in Willow Springs.
- Approximately 4,954 SF of professional workspace with custom designed build outs.
- Four professionally finished office suites, each with separate entrances and on‑site parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,308
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,366,160
$1.4M
Cap Rate 7%
$975,829
$975.8K
Cap Rate 9%
$758,978
$759.0K
Market Conditions
NOI Build-Up for 4,954 SF
Gross rent
$121.3K $24.48/SF
− Vacancy
−$30.2K −$6.10/SF
EGI
$91.1K $18.38/SF
− OpEx
−$22.8K −$4.60/SF
NOI
$68.3K $13.79/SF
Area
Cook County, IL
Vacancy
24.90%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,366,160
Cap Rate 7%
$975,829
Cap Rate 9%
$758,978
Alternative Uses
Best Use
Office B
$975.8K
$853.9K – $1.14M
NOI $68,308 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,727 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Explore this area
Business Placement
Demographics for 60480, IL
5,272
Population
2,441
Households
2.2
Avg Household Size
47
Median Age
38%
College-Educated
95%
High-School Grad
11.2 sq mi
ZIP Area
471
Density / Sq Mi
$97,311
Median Household Income
$52,660
Median Earnings
$1,328
Median Rent
$355,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office building with four professionally finished suites, reception, conference rooms, and separate entrances with on-site parking.
Where is this office units located?
The property is located at 8265 S Archer Avenue Willow Springs, IL.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Well‑maintained office building built in 1999 in Willow Springs.; Approximately 4,954 SF of professional workspace with custom designed build outs.; Four professionally finished office suites, each with separate entrances and on‑site parking.
