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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
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
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Ptsir
- Health Care and Social Assistance
- -
- -
- -
-
- Finance and Insurance
- -
- -
- -
State Farm began in 1922 when G.J. Mecherle founded the business in central Illinois as an auto insurance company built around fairness for farmers and other drivers. The company has since grown into a mutual insurer that offers auto, home, renters, life, health, and business coverage, along with financial services and claims support. State Farm’s public materials describe a long-running focus on helping customers manage everyday risks, recover from unexpected events, and plan for the future. Recent company reporting also shows a broad market presence across insurance and related services, with a wide network of agent offices serving millions of policies and accounts.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Ptsir | Health Care and Social Assistance | - | - | - | ||
|
|
Finance and Insurance | - | - | - |
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
Presented by
17236 Harlem Ave
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