First-Floor Medical Office
New
For Sale
$1,300,000
9535 W 144th Pl # 1, Orland Park, IL 60462
A medical and dental office condominium occupies the first floor in Orland Park.
Property Size4,850 SF
Price / SF$268.04
Days on Market3
Property Features for 9535 W 144th Pl # 1
General Information
Standard status
Active
Size
4,850 SF
Total Parking Spaces
74
Property subtype
Office
Additional Details
Floor
1
Listed By:
Dr. Nancy Donna Cozzi
(708) 267-4917
Source:
Jrossiandassociates
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 6:01AM
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 Dr. Nancy Donna Cozzi
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,850-square-foot medical office condominium is configured for medical or dental office use and occupies the building’s first floor. Its condominium ownership structure distinguishes the space from a conventional office lease.
The property is located at 9535 W 144th Pl, Orland Park, Illinois. The address identifies the space within the Orland Park market.
The property is located at 9535 W 144th Pl, Orland Park, Illinois. The address identifies the space within the Orland Park market.
Key Highlights
- 4,850‑square‑foot medical and dental office condominium
- First‑floor location at 9535 W 144th Pl #1
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,874
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,337,480
$1.3M
Cap Rate 7%
$955,343
$955.3K
Cap Rate 9%
$743,044
$743.0K
Market Conditions
NOI Build-Up for 4,850 SF
Gross rent
$118.7K $24.48/SF
− Vacancy
−$29.6K −$6.10/SF
EGI
$89.2K $18.38/SF
− OpEx
−$22.3K −$4.60/SF
NOI
$66.9K $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%
$1,337,480
Cap Rate 7%
$955,343
Cap Rate 9%
$743,044
Alternative Uses
Best Use
Office B
$955.3K
$835.9K – $1.11M
NOI $66,874 @ 7.0% cap · market cap 5.14%
Second Best
Healthcare Medical
$917.9K
$803.2K – $1.07M
NOI $64,253 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$1.67M
$1.47M – $1.95M
NOI $117,214 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,609
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60462, IL
40,539
Population
17,335
Households
2.3
Avg Household Size
45
Median Age
45%
College-Educated
94%
High-School Grad
16.0 sq mi
ZIP Area
2,534
Density / Sq Mi
$96,747
Median Household Income
$52,902
Median Earnings
$1,393
Median Rent
$330,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - A medical and dental office condominium occupies the first floor in Orland Park.
Where is this medical office space located?
The property is located at 9535 W 144th Pl # 1 Orland Park, IL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 4,850‑square‑foot medical and dental office condominium; First‑floor location at 9535 W 144th Pl #1
