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17236 Harlem Ave 5,538 SF 100% Leased Office Building Tinley Park, IL 60477 $775,000 ($139.94/SF) 9.20% Cap Rate
Executive Summary
Fully leased and located in a high traffic shopping area, this is a great opportunity to own a prime piece of Real Estate located on Harlem Ave. in Tinley Park. All brick, one story office building with 18 parking spots. 4 suite offices (all currently leased) Centrally located between multiple plazas featuring restaurants, retailers and service businesses, this is the investment property you have been looking for!
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$139,667
|
$25.22
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$139,667
|
$25.22
|
| Taxes |
$35,476
|
$6.41
|
| Operating Expenses |
$32,877
|
$5.94
|
| Total Expenses |
$68,353
|
$12.34
|
| Net Operating Income |
$71,314
|
$12.88
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $139,667 |
| Annual Per SF | $25.22 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $139,667 |
| Annual Per SF | $25.22 |
| Taxes | |
|---|---|
| Annual | $35,476 |
| Annual Per SF | $6.41 |
| Operating Expenses | |
|---|---|
| Annual | $32,877 |
| Annual Per SF | $5.94 |
| Total Expenses | |
|---|---|
| Annual | $68,353 |
| Annual Per SF | $12.34 |
| Net Operating Income | |
|---|---|
| Annual | $71,314 |
| Annual Per SF | $12.88 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
5,538 SF
Building Class
C
Year Built
1987
Price
$775,000
Price Per SF
$139.94
Cap Rate
9.20%
NOI
$71,314
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,538 SF
Building FAR
0.27
Lot Size
0.47 AC
Parking
19 Spaces (3.43 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Ptsir
- Health Care and Social Assistance
- -
- -
- -
-
- Finance and Insurance
- -
- -
- -
State Farm began in Illinois in 1922, when G.J. Mecherle founded the business around fairer auto insurance pricing for farmers. The company operates as a mutual insurer and has grown into a broad financial services firm. State Farm offers auto, home, renters, condo, life, health, disability, pet, commercial, and small business insurance, along with related financial products and services. The company maintains a significant U.S. market presence through an agent-based model and a long-running focus on helping customers manage everyday risks and recover from losses.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Ptsir | Health Care and Social Assistance | - | - | - | ||
|
|
Finance and Insurance | - | - | - |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 27-25-403-022-0000 | Total Assessment | $128,142 |
| Land Assessment | $64,053 | Annual Taxes | $35,476 ($6.41/SF) |
| Improvements Assessment | $64,089 | Tax Year | 2025 |
Property Taxes
Parcel Number
27-25-403-022-0000
Land Assessment
$64,053
Improvements Assessment
$64,089
Total Assessment
$128,142
Annual Taxes
$35,476 ($6.41/SF)
Tax Year
2025
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