11504 W 183rd St - Medical CONDO FOR SALE


Orland Park, IL 60467
$395,000 USD
708-719-3444
11504 W 183rd St, Orland Park, IL for Sale
$395,000 USD
Medical CONDO - FOR SALE
1/30
null | 9.07% Cap Rate

11504 W 183rd St
Orland Park, IL 60467


OVERVIEW

Beautifully built-out, fully renovated, and income-producing office condo now available for sale in the highly desirable Orland Park Business Center! This 2,000 SF suite features 3 private offices, a welcoming waiting area with a fireplace, a reception area, and open workspace. The unit is currently leased to a strong tenant through 2/28/2028, providing immediate and stable cash flow. The space has been completely upgraded with fresh paint throughout, new flooring, updated bathroom fixtures and toilet, and modern LED lighting-creating a truly turnkey investment opportunity! Additional highlights include a new roof (2021), updated landscaping throughout the complex, plenty of parking and LOW WILL COUNTY TAXES! With a strong 9% CAP rate, this is an attractive opportunity for both seasoned investors and those looking to enter the commercial market with a stabilized, income-producing asset.

FOR SALE DETAILS

PRICE

$395,000 USD

PRICE/SF

$198 USD /SF

CAP RATE

9.07%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

8,000 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,000 SF

ZONING

B2

APN/PARCEL ID

19-09-06-203-003-0000

ASK ABOUT THIS PROPERTY

Jacqueline MontvidasOlivieri Real EstateMore Info
708-719-3444

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Jacqueline MontvidasOlivieri Real EstateMore Info
708-719-3444

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.