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    3612 Lincoln Hwy Olympia Fields, IL 60461

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    For Sale
    Contact for pricing

    18,100 SF Multi-Tenant Office Building

    Property size:
    18,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 18,100 square foot, three-story Class B creative office building is situated at 3612 Lincoln Highway in Olympia Fields, Illinois, zip code 60461. Ideally located along a major east-west corridor, just east of I-57, this property benefits from high daytime traffic volume. Built in 1972, the single building is zoned B3 and offers a gross lease structure. The property's history includes use as a financial institution headquarters and currently operates as a multi-tenant building, providing various sized suites to accommodate a diverse range of tenants. This presents an excellent opportunity for both owner-occupiers and investors. The building's ample parking further enhances its appeal. The property is located in Cook County and offers a flexible layout suitable for a variety of business needs. This prime location and versatile space make it an attractive investment or an ideal headquarters for a growing company. The building's multi-tenant configuration allows for diverse income streams, making it a particularly strong investment prospect. The property's convenient access to I-57 ensures excellent connectivity and accessibility for employees and clients.

    Property Features for 3612 Lincoln Hwy

    General Information

    Property type
    Office space
    Square Feet
    18,100 SF
    Class
    B

    Building Details

    Year Built
    1972
    Buildings
    1
    Stories
    3

    HighLights

    • 18,100 SF, three‑story Class B creative office building in Olympia Fields, IL (60461).
    • Excellent location on a major east‑west corridor, east of I‑57, with high daytime traffic.
    • Ideal for owner‑users or investors; multi‑tenant building with various suite sizes.
    • Ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Summerset Dental Care ... Dentist Colorful Canvas Art ... Painting Studio Garza Raymond Insurance Attorney First Financial Services Financial Planner Tim P. Turner, ... Physical Therapy Clinic

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Olympia Fields
    County
    Cook
    State
    Illinois
    Longitude
    -87.703963859667
    Latitude
    41.506322644563

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Office space - 18,100 SF Multi-Tenant Office Building
    Where is this office space located?
    The property is located at 3612 Lincoln Hwy Olympia Fields, IL.
    What are key features of this property?
    This property features: 18,100 SF, three-story Class B creative office building in Olympia Fields, IL (60461).; Excellent location on a major east-west corridor, east of I-57, with high daytime traffic.; Ideal for owner-users or investors; multi-tenant building with various suite sizes.
    Request Owner's contact information
    3612 Lincoln Hwy Olympia Fields, IL 60461
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    Olympia Fields, IL 60461
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3612 Lincoln Hwy Olympia Fields, IL 60461
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