Brick Office Building with
For Sale
$550,000
Orland Park, IL 60462, Orland Park, IL 60462
Commercial Sale, Orland Park, IL
Property Size3,146 SF
Lot Size0.44 Acres
Price / SF$174.83
Days on Market156
Property Features
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
OFFIC
Subdivision
Orland Park
Standard status
Active
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
23713
Utilities
Cooling system
Central Air
Amenities
private foyer entrance
spacious waiting room
reception desk
common work area with cubicles
6 private offices
large conference room
eat-in kitchen with cabinetry
2 handicap-able bathrooms
full basement with storage
Building Details
Year built
1988
Floors in Building
1
Number of units
1
Flooring type
Tile, Carpet
Building materials
Brick
Roof type
Composition
Listing Agency:
Village Realty, Inc.
(708) 478-1212
Listed By:
Steven Loerop · License #475128554
(708) 945-4005
Added: May 8
Changed: Oct 8
Last Checked: Oct 10 at 3:06AM
MLS# 12615192
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,146-square-foot brick office building, constructed in 1988, includes a private entry foyer, waiting area, reception desk, and a shared work area arranged with cubicles. Six windowed private offices and a large conference room provide additional workspace. The building also has an eat-in kitchen, two accessible bathrooms, tile and carpet flooring, central air, and oak doors and trim. A full basement with a flexicore ceiling offers storage and additional usable area. The composition roof is approximately 15 years old.
The property sits on 0.4435 acres in Orland Park, near Harlem Avenue businesses, shopping, and dining. Approximately 25 parking spaces are available, including designated accessible spaces. Zoning is OFFIC.
The property sits on 0.4435 acres in Orland Park, near Harlem Avenue businesses, shopping, and dining. Approximately 25 parking spaces are available, including designated accessible spaces. Zoning is OFFIC.
Key Highlights
- 3,146 sq ft brick office building on 0.4435 acres
- Six private offices, each with window views
- Full basement with flexicore ceiling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,378
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$867,560
$867.6K
Cap Rate 7%
$619,686
$619.7K
Cap Rate 9%
$481,978
$482.0K
Market Conditions
NOI Build-Up for 3,146 SF
Gross rent
$77.0K $24.48/SF
− Vacancy
−$19.2K −$6.10/SF
EGI
$57.8K $18.38/SF
− OpEx
−$14.5K −$4.60/SF
NOI
$43.4K $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%
$867,560
Cap Rate 7%
$619,686
Cap Rate 9%
$481,978
Alternative Uses
Best Use
Office B
$619.7K
$542.2K – $723.0K
NOI $43,378 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$950.4K – $1.27M
NOI $76,032 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,010
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - An established office layout combines private rooms, shared work areas, meeting space, and an eat-in kitchen.
Where is this office building located?
The property is located at Orland Park, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 3,146 sq ft brick office building on 0.4435 acres; Six private offices, each with window views; Full basement with flexicore ceiling
