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    8525 183Rd Pl Tinley Park, IL 60487

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    For Sale
    Contact for pricing

    79,571 SF Office/Warehouse, M1 Zoning

    Property size:
    79,571 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 79,571-square-foot mixed-use property in Tinley Park, Illinois, presents a unique investment opportunity. Located at 8525 W. 183rd St., this Class B building, constructed in 2004, offers a blend of executive office and warehouse space, ideal for a variety of businesses. The property boasts four loading docks, providing efficient logistics capabilities. Ample parking is available, with a ratio of 5.19 spaces per 1,000 square feet. The M1 zoning allows for diverse uses, enhancing its versatility. Benefit from convenient access to I-80 and Metra stations, ensuring seamless transportation. Low Will County taxes contribute to a strong return on investment. The property currently generates approximately $500,000 in net annual income from a stable tenant base, with two lease options available. This professionally managed property offers a compelling combination of location, functionality, and financial stability, making it an attractive investment prospect. The property's address is 8525 183rd Pl, Tinley Park, IL 60487.

    Property Features for 8525 183Rd Pl

    General Information

    Property type
    Distribution properties
    Square Feet
    79,571 SF
    Class
    B

    Building Details

    Year Built
    2004

    HighLights

    • 79,571 SF mixed‑use building with two lease options available.
    • Four drive‑in loading docks.
    • M1 zoning.
    • 5.19 parking spaces per 1,000 SF.
    • 2004 construction.
    • Approximately $500,000 in annual net income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tinley Park
    County
    Will
    State
    Illinois
    Longitude
    -87.8233582
    Latitude
    41.5548545

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    FAQs

    What type of property is this?
    Distribution property - 79,571 SF Office/Warehouse, M1 Zoning
    Where is this distribution property located?
    The property is located at 8525 183Rd Pl Tinley Park, IL.
    What are key features of this property?
    This property features: 79,571 SF mixed-use building with two lease options available.; Four drive-in loading docks.; M1 zoning.
    Request Owner's contact information
    8525 183Rd Pl Tinley Park, IL 60487
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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
    8525 183Rd Pl Tinley Park, IL 60487
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