19350 Harlem Ave Frankfort, IL 60423
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.