Property summary
This exceptional 3,000-square-foot Class A office building, located at 19 River Oaks Drive in Calumet City, Illinois, presents a unique investment opportunity. Currently configured as a medical office facility, it's easily adaptable to various uses, including executive or traditional office spaces. The property boasts multiple exam rooms, a spacious lobby, a break room, an IT room, private offices, and a lab, all in excellent, well-maintained condition. Ample parking is available on-site. Its strategic location on the Illinois-Indiana border, minutes from downtown Hammond, ensures convenient access for clients from both states. The building's previous tenant, Illinois Dermatology Institute, will soon vacate, making it immediately available for occupancy. The turnkey nature of this property, combined with its versatile layout and prime location within the Chicago metropolitan area, makes it an attractive option for businesses seeking a high-quality, adaptable workspace. Calumet City offers a blend of residential and commercial activity, with convenient access to shopping, parks, and recreational facilities. The property's history as part of a significant industrial and transportation hub contributes to its strong location within a diverse and growing community. The asking price is $399,000, representing a price per square foot of $133. This represents a compelling investment opportunity in a thriving area.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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Physician Medical Clinic
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Physician
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Physician
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Physician Medical Clinic
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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