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Investment Highlights
- Heavy Daytime Traffic on US 30, Larkin/IL-7 with easy access to I-55 and I-80
- Fully accessible building
Executive Summary
Taxes & Operating Expenses (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$26,151
|
$2.52
|
| Operating Expenses |
$21,580
|
$2.08
|
| Total Expenses |
$47,731
|
$4.60
|
Taxes & Operating Expenses (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $26,151 |
| Annual Per SF | $2.52 |
| Operating Expenses | |
|---|---|
| Annual | $21,580 |
| Annual Per SF | $2.08 |
| Total Expenses | |
|---|---|
| Annual | $47,731 |
| Annual Per SF | $4.60 |
Property Facts
Amenities
- 24 Hour Access
- Signage
- Wheelchair Accessible
- Reception
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Position your business in one of Crest Hill's most accessible and flexible office/medical environments. This 10,062 SF single-story, multi-tenant building offers a rare opportunity for both owner-users and investors seeking versatility, visibility, and long-term upside. Situated on a 1.47-acre corner lot, the property features strong frontage along Larkin Ave (IL-7) with convenient access to both I-55 and I-80, placing it in the heart of the Southwest suburban growth corridor. Originally constructed in 2004, the building is well-maintained and designed to accommodate a wide range of uses including medical, professional office, financial services, or retail conversion. The layout supports multi-tenant occupancy with suite sizes from approximately 500 SF up to 9,562 SF, allowing for phased occupancy or lease-up strategies. With 55 parking spaces and accessible building features, the property is well-equipped to serve high-traffic professional users. A near-term value-add opportunity exists, as the property will be largely vacant by mid-2026, presenting an ideal scenario for an owner-user to occupy the majority of the building while generating supplemental income from an existing tenant in place through 2028. Whether stabilizing as an income-producing asset or repositioning for a single user, 1640 Willow Circle Dr delivers flexibility, strong infrastructure, and a strategic location within a dense and growing commercial corridor. Previous tenants have included a cardiologist, Family Practice, Geriatrics.? Internal Medicine, Pain Clinic, Nuclear Medicine, Physical Therapy, Podiatry and Chiropractor.? This property is adjacent to a large 55+ community, capturing patients and patrons within walking distance.?
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 100-300-400 | 100-9,422 SF | Office/Medical | Full Build-Out | Jun 2026 |
1st Fl-Ste 100-300-400
| Size |
| 100-9,422 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Jun 2026 |
1st Fl-Ste 100-300-400
| Size | 100-9,422 SF |
| Space Use | Office/Medical |
| Build-Out | Full Build-Out |
| Available | Jun 2026 |
Position your business in one of Crest Hill's most accessible and flexible office/medical environments. This 10,062 SF single-story, multi-tenant building offers a rare opportunity for both owner-users and investors seeking versatility, visibility, and long-term upside. Situated on a 1.47-acre corner lot, the property features strong frontage along Larkin Ave (IL-7) with convenient access to both I-55 and I-80, placing it in the heart of the Southwest suburban growth corridor. Originally constructed in 2004, the building is well-maintained and designed to accommodate a wide range of uses including medical, professional office, financial services, or retail conversion. The layout supports multi-tenant occupancy with suite sizes from approximately 500 SF up to 9,562 SF, allowing for phased occupancy or lease-up strategies. With 55 parking spaces and accessible building features, the property is well-equipped to serve high-traffic professional users. A near-term value-add opportunity exists, as the property will be largely vacant by mid-2026, presenting an ideal scenario for an owner-user to occupy the majority of the building while generating supplemental income from an existing tenant in place through 2028. Whether stabilizing as an income-producing asset or repositioning for a single user, 1640 Willow Circle Dr delivers flexibility, strong infrastructure, and a strategic location within a dense and growing commercial corridor. Previous tenants have included a cardiologist, Family Practice, Geriatrics.? Internal Medicine, Pain Clinic, Nuclear Medicine, Physical Therapy, Podiatry and Chiropractor.? This property is adjacent to a large 55+ community, capturing patients and patrons within walking distance.?
Property Taxes
| Parcel Number | 11-04-32-303-060 | Total Assessment | $323,968 |
| Land Assessment | $8,722 | Annual Taxes | $26,151 ($2.60/SF) |
| Improvements Assessment | $315,246 | Tax Year | 2024 Payable 2025 |
Property Taxes
Presented by
1640 Willow Circle Dr
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