18501 Maple Creek Dr Tinley Park, IL 60477

Property Details for 18501 Maple Creek Dr

Year built

2002

Lot size

3.50 lot acres

Property size

38,079 SF

Property type

Office properties & Spaces

Description

This exceptional investment opportunity presents a single-story, 38,079 square foot Class B office building situated on a 3.5-acre lot at 18501 Maple Creek Drive, Tinley Park, Illinois 60477. Built in 2002, the property boasts 100% occupancy with six tenants across seven units, generating a substantial NOI of $539,703 and an 8.50% cap rate. The asking price is $6,349,451, translating to $166.74 per square foot and $907,064.43 per unit. The property features ample parking with 156 spaces and multiple access points, benefiting from its strategic location near I-80, providing easy access to downtown Chicago (approximately 35 minutes away). The surrounding area showcases strong demographics, with a population of 68,986 and a household income of $104,075 within a three-mile radius. Low Will County real estate taxes further enhance the investment appeal. Conveniently located near shopping centers like Brookdale Marketside (including TJ Maxx, Dick's Sporting Goods, Marshalls, and Best Buy), the 80th Ave Train Station, and the Tinley Park Convention Center. The property includes rent bumps and is currently 100% leased, although one fully built-out unit (1,098 sq ft) is currently vacant. This is a stabilized investment with a proven track record, offering a compelling opportunity for long-term growth and passive income. The lease type is NNN.