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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

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 57 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.

Taxes & Operating Expenses (Actual - 2024)

Annual Annual Per SF
Taxes $26,151 $2.52
Operating Expenses $21,580 $2.08

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

Sale Type
Owner User
Property Type
Office
Property Subtype
Medical
Building Size
10,062 SF
Building Class
C
Year Built
2000
Price
$1,900,000
Price Per SF
$188.83
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,062 SF
Building FAR
0.16
Lot Size
1.47 AC
Zoning
B-2 - No TIF benefits, facade grant eligible
Parking
55 Spaces (5.47 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Signage
  • Wheelchair Accessible
  • Reception
  • Air Conditioning
  • Fiber Optic Internet
  • Smoke Detector

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Fl-Ste 100-300-400
  • 100-9,422 SF
  • Office/Medical
  • Full Build-Out
  • 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.?

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.?

Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
11-04-32-303-060
Land Assessment
$8,722
Improvements Assessment
$315,246
Total Assessment
$323,968
Annual Taxes
$26,151 ($2.60/SF)
Tax Year
2024 Payable 2025
  • Listing ID: 40203855

  • Date on Market: 4/18/2026

  • Last Updated:

  • Address: 1640 Willow Circle Dr, Crest Hill, IL 60403

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