15525 Park Ave South Holland, IL 60473-1308

Property Details for 15525 Park Ave

Year built

1978

Lot size

1.67 lot acres

Property type

Retail space

APN

29-15-204-042

APU

2915204042

Description

This exceptional investment opportunity presents a well-maintained, multi-tenant office complex located at 15525 South Park Ave, South Holland, IL 60473. Comprising two single-story buildings totaling 30,000 square feet (27,000 net rentable), this Class B property boasts 30 individual tenant spaces, currently enjoying 100% occupancy. Built in 1974, the property offers a compelling combination of stable income and significant upside potential. The gross lease structure simplifies management, with tenants responsible for their own utilities. The property's consistent occupancy and long-term ownership history demonstrate its inherent strength and appeal to local businesses. The asking price is $1,625,000, representing a strong $54.17 per square foot and an attractive 11.12% capitalization rate, based on a Net Operating Income (NOI) of $180,672. This turnkey investment is ideal for a passive investor seeking a stable, high-yielding asset with minimal management requirements. The property's location in Cook County, Illinois, provides easy access to major transportation routes and a thriving local market. This is a rare opportunity to acquire a well-established, fully occupied office complex with a proven track record of success. The current owner, having held the property for many years, is seeking to semi-retire, presenting a unique chance for a new investor to step into a profitable and easily managed portfolio.