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5950 159th St
Oak Forest, IL 60452
Office Property For Sale

Investment Highlights

  • Strategic Location: High-traffic area with excellent visibility.
  • Strong Demographics: 5-mile population of over 233,000 and an average household income within 1 mile of over $98,000
  • Lease Term: ±4.58 Years
  • Attractive Lease Terms: 10% rental increases every two years, offering significant cash flow boosts and inflation protection.
  • Rental Increases: 10% Every Two Years

Property Facts

Property Type
Office
Property Subtype
Medical
Building Size
4,514 SF
Building Class
B
Year Built
1964
Building Height
1 Story
Typical Floor Size
4,514 SF
Building FAR
0.10
Lot Size
1.02 AC
Zoning
Commercial
Parking
31 Spaces

Amenities

  • Wheelchair Accessible
  • Air Conditioning

Property Taxes

Property Taxes

Parcel Number
28-17-401-009-0000
Land Assessment
$75,469
Improvements Assessment
$53,118
Total Assessment
$128,587
  • Listing ID: 32234263

  • Date on Market: 6/24/2024

  • Last Updated:

  • Address: 5950 159th St, Oak Forest, IL 60452

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