1816 170th St 9,905 SF Office Building Hazel Crest, IL 60429 $525,000 ($53.00/SF) 14.06% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Leased
- A few Minutes from I80/94
- Ample Parking on site
- Solid Cap Rate above 10%
EXECUTIVE SUMMARY
Fully rented office medical with 5 years remaining on lease. Architectural drawings included to convert back portion of upper level to residential unit to convert to a mixed-use building. Located within 1 mile of I80/94 access. Property has 23 parking spaces.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
9,905 SF
Building Class
B
Year Built
1930
Price
$525,000
Price Per SF
$53.00
Cap Rate
14.06%
NOI
$73,834
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
4,953 SF
Building FAR
1.97
Lot Size
0.12 AC
Zoning
B2 Commercial - Commercial
Parking
23 Spaces (2.32 Spaces per 1,000 SF Leased)
1 of 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $71,173 | |
| Land Assessment | $11,783 | Total Assessment | $82,956 |
