Single-Story Office Building For
18501 Maple Creek Dr, Tinley Park, IL 60477
Single-story office building in Tinley Park, Illinois, 100% leased.
Type:Office
Property size:
38,079 SFPrice / SF:
$166/SF- Added:
- Sep 12, 2024
- Days on Market:
- 618
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 18501 Maple Creek Dr
General Information
- Standard status
- Active
- Size
- 38,079 SF
- Property subtype
- Office
Building Details
- Year Built
- 2002
Listing agent Brian Goldman License #IL471.018140
Listing office CapRock Real Estate
Listing date Sep 12, 2024
Source Crexi
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 CapRock Real Estate
HighLights
- 100% leased single‑story office building.
- Strategic location near the intersection of Harlem Avenue and I‑80.
- Easy and quick access to I‑80.
- Proximity to Brookdale Marketside (TJ Maxx, Dick’s Sporting Goods, Marshalls & Best Buy).
- Close to 80th Ave Train Station.
- Built in 2002.
Overview
The North Creek Executive Center is a single-story office building constructed in 2002. The property is located at 18501 Maple Creek Drive in Tinley Park, Illinois, northwest of the intersection of Harlem Avenue and I-80, providing easy access. The building has a total area of 38079 square feet and is currently 100% leased. Nearby infrastructure includes the I-80 Expressway, Brookdale Marketside (TJ Maxx, Dick’s Sporting Goods, Marshalls & Best Buy), the 80th Ave Train Station, and the Tinley Park Convention Center.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$5.83M
NOI $525,047 @ 9.00% cap · cautious / downside scenario
Moderate
$7.50M
NOI $525,047 @ 7.00% cap · market / base-case scenario
Aggressive
$10.50M
NOI $525,047 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $932.2k | $24.48 |
| − Vacancy | −$232.1k | −$6.10 |
| EGI | $700.1k | $18.38 |
| − OpEx | −$175.0k | −$4.60 |
| NOI | $525.0k | $13.79 |
38,079 SF · lease $24.48/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$7.50M
$6.56M – $8.75M
NOI $525,047 @ 7.0% cap · market cap 8.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.15M
$11.50M – $15.34M
NOI $920,286 @ 7.0% cap · market cap 14.49%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
First American Title ...
Title Company
Illinois Central Hospital ...
Hospital
Lewis University
College
Radiant Minds Institute
Crisis Center
FedEx Drop Box
Postal Service
Location Insight
- Map
- Local Demand
- City
- Tinley Park
- County
- Cook
- State
- Illinois
- Longitude
- -87.7934829
- Latitude
- 41.555476
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Single-story office building in Tinley Park, Illinois, 100% leased.
Where is this office building located?
The property is located at 18501 Maple Creek Dr Tinley Park, IL.
What is the asking price?
The asking price for this property is $6,349,451.
What are key features of this property?
This property features: 100% leased single‑story office building.; Strategic location near the intersection of Harlem Avenue and I‑80.; Easy and quick access to I‑80.
