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Property profile

8041 186Th St A Tinley Park, IL 60487

FOR SALE
Other commercial real estate
Property ID
US28-1115820
2,062 SF 1.06 ac lot Built 2005
Last sale Nov 2004 · $263,703
Individually Owned Owner of record is an individual. 21-yr Hold Held for 21 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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8041 186Th St,Unit A, Tinley Park, IL 60487 For Sale
$400,000 2,062 SF
8041 186Th St,Unit A, Tinley Park, IL 60487
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Property summary

AI-generated overview

An all-brick office condominium offering approximately 2,062 square feet of interior space. The unit is configured with a reception or waiting area, two private offices, two restrooms, a breakroom, and an open office area designed to support everyday workplace workflows. The space receives abundant natural light and includes pond views. The property is located about 1.5 miles from access to I-80 and Harlem Avenue, providing connectivity to major routes.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$73k
Assessed land$18k
Assessed improvement$55k
Effective rate10.10%

Value estimate

· Oct 2026
$380k
$342k – $418k
AI approach$260k
NOI build-up
Gross scheduled income$202k
Vacancy & credit loss−$50k
Operating expenses−$38k
NOI · 28.43% cap applied$114k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$279/SF
Submarket average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$110 – $456
Qualifying comparables6

Cap rate analysis

How does the asset earn?
28.43%
$114k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWILL

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.5
Garden Center11.0
Hair Salon10.8

Location

8041 186Th St, Unit A Tinley Park, IL 60487
County assessor Recorded deeds · 1 transfer 6 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
191st, Tinley Park, IL 60487 $2,550,000 Jan 2025 1,852 SF
18305 La Grange, Tinley Park, IL 60487-7730 $1,000,000 Jan 2024 9,422 SF
7228 191st, Tinley Park, IL 60487-9378 $2,727,620 Apr 2022 3,943 SF
8061 186th St Ste, Tinley Park, IL 60487-9340 $1,000,000 Mar 2022 2,062 SF
7212 191st, Tinley Park, IL 60487-9412 $362,399 Dec 2018 4,514 SF
7208 191st, Tinley Park, IL 60487-9378 $362,399 Dec 2018 4,514 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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