7220 194th St, Tinley Park, IL 60487-9211
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.
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Aprati Jeffrey R Law Firm
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Mark T Hickey & Associates Law Firm
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Garza Raymond Law Firm
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Ronald A. Rodger Law Group, Ltd. Law Firm
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Carl Evans Jr Law Offices Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.