Property Details for 19350 Harlem Ave

Year built

1987

Lot size

2.14 lot acres

Property size

12,053 SF

Property type

Office properties & Spaces

Description

This exceptional executive office building presents a compelling investment opportunity in the thriving Frankfort, Illinois market. Located at 19350 S Harlem Ave, this two-story property boasts 12,000 square feet of net rentable space, spread across five units. The building sits on a generous 2.14-acre lot, providing ample parking for over 40 vehicles. Constructed in 1987, the property is well-maintained and features a newer roof, highly efficient HVAC and lighting systems, minimizing operating costs. The building is zoned B-1, offering flexibility for a variety of professional uses. With a total square footage of 12,053 square feet, the asking price is $1,200,000, translating to a price per square foot of $99.56. The property's strong financial performance is evident in its Net Operating Income (NOI) of $38,597. The property's location in Will County, with its convenient access to major transportation routes, further enhances its appeal. This is a rare opportunity to acquire a well-maintained, income-producing office building in a desirable location with significant upside potential. The property's low water bill and reasonable taxes contribute to its strong financial profile. This turnkey investment is ready for immediate occupancy. The APN is 1909122010010000.

Location Insight

City

Frankfort

County

Will

State

Illinois

Longitude

-87.7909

Latitude

41.5376