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Property profile & analytics

7220 194th St Tinley Park, IL 60487-9211

  • Commercial real estate
  • 5,920 SF
  • 0.50 lot acres
OFF-MARKET
Last Sale
Mar 01, 2025
$999,000
Value Estimations
$960,000
Cap Rate Potential
Location Intelligence
Property ID
US28-5882583
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Aprati Jeffrey R / Law Firm
  • Mark T Hickey & Associates / Law Firm
  • Garza Raymond / Law Firm
  • Ronald A. Rodger Law Group, Ltd. / Law Firm
  • Carl Evans Jr Law Offices / Law Firm

Property Details for 7220 194th St

Year built
2003
Construction
WOOD
Lot size
0.50 lot acres
Property size
5,920 SF
Property type
Commercial real estate
APN
19-09-12-200-024
APU
190912200024

Description

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.


Value Estimations

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  • CAP approach

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  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Tinley Park
County
Will
State
Illinois
Longitude
-87.7921
Latitude
41.5378
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$19,467
$32,313
$158,903
$191,216
-
$96,939
$476,709
$573,648
More about this property
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