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    7315 Cumberland Dr Hanover Park, IL 60133

    Sponsored
    For Sale
    $395,900

    1,800 SF Office, 100% Occupied

    Property size:
    1,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Class A, 1,800 square foot medical/creative office building in Hanover Park, IL, presents a unique owner-user opportunity. Located at 7315 Cumberland Drive, this single-story, 1972-built property underwent a complete renovation in 2022, boasting new siding, roof, windows, garage door, flooring, doors, and ceilings. The building sits on a 10,814 square foot lot and includes seven parking spaces. Currently operating at 100% occupancy, the functional layout features a reception area, multiple private offices, and a break room. Zoned LO-1, this versatile property is suitable for a wide range of professional uses, including but not limited to medical, dental, or other office-based businesses. The property's prime location and recent renovations make it an ideal investment for those seeking a move-in ready space. The Cook County property (APN: 07304100100000) is offered at $395,900. This is a rare opportunity to own a meticulously maintained, high-quality office building in a desirable location. The property's combination of functionality, aesthetics, and location makes it a strong investment for owner-occupants seeking to eliminate rent payments and build equity.

    Property Features for 7315 Cumberland Dr

    General Information

    Property type
    Medical offices
    Square Feet
    1,800 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1972/2022
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Class A, 1,800 SF medical/creative office building in Hanover Park, IL.
    • Completely renovated in 2022 with new roof, siding, windows, and interior finishes.
    • Situated on a 10,814 SF lot with seven parking spaces.
    • Currently 100% occupied with a functional layout including reception, private offices, and break room.
    • Zoned LO‑1, suitable for various professional uses.
    • Offered at $395,900.
    Property Profile Location Intelligence

    Current Use by Public Records

    Adjust @ChiroCenter Chiropractor Dr. Dipali Patel Chiropractor Hanover Park Chiropractic ... Chiropractor Kurt A. Dennison, DC Chiropractor Chirocenter Chiropractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hanover Park
    County
    Cook
    State
    Illinois
    Longitude
    -88.1379294
    Latitude
    42.004587

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    FAQs

    What type of property is this?
    Medical office - 1,800 SF Office, 100% Occupied
    Where is this medical office located?
    The property is located at 7315 Cumberland Dr Hanover Park, IL.
    What is the asking price?
    The asking price for this property is $395,900.
    What are key features of this property?
    This property features: Class A, 1,800 SF medical/creative office building in Hanover Park, IL.; Completely renovated in 2022 with new roof, siding, windows, and interior finishes.; Situated on a 10,814 SF lot with seven parking spaces.
    Request Owner's contact information
    7315 Cumberland Dr Hanover Park, IL 60133
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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
    7315 Cumberland Dr Hanover Park, IL 60133
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