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Property profile & analytics
OFF-MARKET
Office Spaces

19350 Harlem Ave Frankfort, IL 60423

12,053 SF 2.14 ac lot Built 1987
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Year built 1987
Total area 12,053 SF
Lot 2.14 ac (93,218 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Divine Touch Healthcare, LLC Home Health Care Service
  • Hawtree & Associates CPA Tax Preparation
  • Roddy Life Planning Group, LLC Consultant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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