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Worth Professional Building 7000 W 111th St 24,840 SF 94% Leased Office Building Worth, IL 60482 $2,100,000 ($84.54/SF) 4.20% Cap Rate



INVESTMENT HIGHLIGHTS
- 94.27% Occupancy Rate. Current Leaseholders have a combined 108+ years of experience within their respective fields.
- Roof (2016). Electric Radiant Heating and Ventilated Cooling System, with rooftop unit (newer 75-ton Trane).
- Property situated on over 1 acre of land. (Office Building: 21,235 sqft lot / 0.487 acres & 102-Car Parking Lot: 23,405 sqft / 0.537 acres).
- 2023 IDOT: Annual Average Daily Traffic of 26,900 on 111th St and between 34,700 & 36,500 vehicles on Harlem Ave (N and S of 111th St, respectively).
- Newer flooring in common areas. Common area restrooms on each level.
- Don't miss out on an investment opportunity Worth pursuing.
EXECUTIVE SUMMARY
7000 W 111th St is situated on over 1 acre of land in Worth, Illinois (Office Building: 21,235 sqft lot / 0.487 acres & 102-Car Parking Lot: 23,405 sqft / 0.537 acres). Current Leaseholders have a combined 108+ years of experience within their respective fields and, with a 94.27% Occupancy Rate, this is surely a prudent investment. With an elevator, Metra station nearby, and Dial-a-Ride services by Pace, businesses here can feel secure in serving all clients, including those with mobility impairments. Employees and guests can explore cuisines from around the world, enjoying lunches or get-togethers after work at one of the many nearby food establishments. Need more space or simply a change of scenery from the conference room? There are several venues in the area to host a company event or regional meeting. Stores & malls are minutes away, allowing employees the chance to shop during a break or on their way into the office or back home. Why Worth, Illinois? The Village of Worth was established in 1914 and is home to nearly 11,000 residents and well over 200 Businesses. It offers many attractions such as Water's Edge Golf Course and thousands of acres of nearby forest preserves. Worth Park District consists of 11 parks, including, just 0.8 mi away, Stahlak Park, an approximate half-acre open space site that is expected to receive a makeover in 2026 with a youth and adult fitness course, a plaza with shelter and seating, and two pickleball courts and fencing. Metra Train station is located at 11000 S Depot Street, with parking behind the Village Hall (both less than 1/4 mi away). Bus stops along 111th and Harlem. Expressway I-294 (Tri-State Tollway). Hotels and other accommodations nearby. According to IDOT's 2023 Stats 7000 W 111th St attracts attention from passersby with an Annual Average Daily Traffic of 26,900 and between 34,700 & 36,500 vehicles on Harlem Ave (N and S of 111th St, respectively). What else is in the area? Northwestern Medicine Hospital in Palos Heights (2.5 mi). Advocate Christ Medical Center in Oak Lawn (5 mi). Moraine Valley Community College in Palos Hills (2.4 mi). And the Fifth Municipal District Courthouse in Bridgeview (2 mi). Electric Radiant Heating and Ventilated Cooling System, with rooftop unit (newer 75-ton Trane). Newer flooring in common areas. Roof (2016). Common area restrooms on each level. Multiple PINs. Zoned B-1. Information on MLS is assumed to be accurate, but NOT guaranteed. Buyer/Buyer's Agent should verify all relevant MLS information. Don't miss out on an investment opportunity Worth pursuing.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
24,840 SF
Building Class
B
Year Built
1978
Price
$2,100,000
Price Per SF
$84.54
Cap Rate
4.20%
NOI
$88,278
Percent Leased
94%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
8,280 SF
Slab To Slab
10’
Building FAR
0.56
Lot Size
1.02 AC
Zoning
B1 - Office
Parking
102 Spaces (4.11 Spaces per 1,000 SF Leased)
AMENITIES
- Security System
- Signage
- Air Conditioning
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $519,713 | |
| Land Assessment | $111,601 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $408,112 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$111,601
Improvements Assessment
$408,112
Total Assessment
$519,713
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Presented by
J J Nate Real Estate & Mgmt
Worth Professional Building | 7000 W 111th St
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