Property profile

7220 194th St Tinley Park, IL 60487

OFF-MARKET
Commercial real estate
Property ID
US28-5882583
5,920 SF 0.5 ac lot Built 2003
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional single-story, 6,139 square foot office building in Tinley Park, IL, presents a compelling investment opportunity. Located on a 0.5-acre lot at 7220 W 194th Street, this property features nine units currently occupied by seven tenants under a gross lease. Built in 2003, the building boasts high-quality construction, including brick and masonry exterior, Thermopane windows, and an architectural shingle roof. The 400-amp electrical service ensures ample power for all business needs. Interior features include private offices, a conference room, common areas, and a full finished basement. The property offers 21 parking spaces and is zoned B4 for Office and Service Business District. Its strategic location in a mixed-use area provides easy access to expressways, a Metra station, and numerous commercial businesses and shopping centers, making it highly attractive to both tenants and investors. The asking price is $1,200,000, with a Net Operating Income (NOI) of $55,177, and a price per square foot of $195.47. This property represents a strong investment opportunity in a thriving location. The Will County address and zip code 60487 further define its location.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2003
Construction WOOD
Total area 5,920 SF
Lot 0.5 ac (21,780 SF)
APN 19-09-12-200-024
UPID US28-5882583

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
  • Law Firm
  • Law Firm
  • Law Firm
  • Law Firm
  • Law Firm

Location

7220 194th St Tinley Park, IL 60487-9211
Tinley Park metro Census 883514 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2025
Last sale
$999,000
5 recorded transactions
2025
$999,000
2020
Price N/A
2004
$100,000
1969
Price N/A
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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