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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 1922 as a mutual auto insurer founded by George J. Mecherle, who wanted pricing based on drivers' actual risk rather than broad categories. Over time, the company expanded beyond auto coverage into homeowners, renters, farm and ranch, life, health, disability, liability, and business insurance. State Farm also offers financial services, including banking through an alliance with U.S. Bank and investment products such as mutual funds and advisory services. The business now serves a broad customer base through a large agent network and manages insurance and financial service products across a wide range of policies and accounts.
| 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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