Technical
Financial
Distress signals
Property profile

3612 Lincoln Hwy Olympia Fields, IL 60461

OFF-MARKET
Retail space
Property ID
US28-1848114
1.13 ac lot Built 1969
Entity Owned 10-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 18,100 square foot, three-story Class B creative office building is situated at 3612 Lincoln Highway in Olympia Fields, Illinois, zip code 60461. Ideally located along a major east-west corridor, just east of I-57, this property benefits from high daytime traffic volume. Built in 1972, the single building is zoned B3 and offers a gross lease structure. The property's history includes use as a financial institution headquarters and currently operates as a multi-tenant building, providing various sized suites to accommodate a diverse range of tenants. This presents an excellent opportunity for both owner-occupiers and investors. The building's ample parking further enhances its appeal. The property is located in Cook County and offers a flexible layout suitable for a variety of business needs. This prime location and versatile space make it an attractive investment or an ideal headquarters for a growing company. The building's multi-tenant configuration allows for diverse income streams, making it a particularly strong investment prospect. The property's convenient access to I-57 ensures excellent connectivity and accessibility for employees and clients.

Property profile

Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1969
Lot 1.13 ac (49,223 SF)
APN 31-23-102-026
UPID US28-1848114

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Training Center (Bike/Boat/Book/etc) Store
  • Law Firm Insurance Agency
  • Financial Advisor
  • Medical Clinic

Location

3612 Lincoln Hwy Olympia Fields, IL 60461-1627
Olympia Fields metro Census 830004 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$405k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$405k

Owner & transaction history

since 2016
3 recorded transactions
2020
Price N/A
2016
$75,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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