Property summary
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
VerifiedCap rate & NOI
Current use
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Law Firm
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Law Firm
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Law Firm
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Law Firm
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Law Firm
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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