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    Property profile & analytics
    OFF-MARKET Estimated value $960,000
    Commercial real estate

    7220 194th St, Tinley Park, IL 60487-9211

    5,920 SF 0.5 ac lot Built 2003
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US28-5882583
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · 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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $960k
    Owner & transaction history
    Project Fire Buddies INC · 1 yrs held
    Project Fire Buddies INC
    since 2025
    Last sale
    $999,000
    5 recorded transactions
    2025
    $999,000
    2020
    2004
    $100,000
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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