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Executive Summary
Owner-user or value-add investment opportunity in the Oak Forest area. The approximately 18,492 SF, two-story office building offers in-place income from multiple first-floor tenants, while the approximately 9,540 SF second floor is currently owner-occupied and is expected to be delivered vacant at closing. A buyer may occupy the second floor or lease the space to increase the property’s income. Additional upside may be available through future lease renewals and rental-rate growth. The property also features on-site parking, access to supplemental parking on adjacent leased land, and a TPO roof installed in 2020 with a 20-year system warranty. Financial information and rent roll are available upon request. Ownership is encouraging offers.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
18,492 SF
Building Class
C
Year Built/Renovated
1979/2003
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,246 SF
Building FAR
0.57
Lot Size
0.75 AC
Zoning
None
Parking
50 Spaces (2.7 Spaces per 1,000 SF Leased)
Amenities
- Property Manager on Site
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $244,860 | |
| Land Assessment | $647,381 | Total Assessment | $892,241 |
Property Taxes
Parcel Numbers
Land Assessment
$647,381
Improvements Assessment
$244,860
Total Assessment
$892,241
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2916 W TC Jester Blvd
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