Orland Park, IL 60467 11504 183rd Place
$395,000



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Presented By: Olivieri Real Estate LLC
Home Details
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.
Presented By: Olivieri Real Estate LLC
General for 11504 183rd Place
Additional Parcels Y/NNo
Cap Rate9.1
CityOrland Park
Construction MaterialsBrick
ContingencyOther Contingency
CoolingCentral Air
CountyWill
DirectionsI-80 to Rt. 45/Lagrange South to 191st West to Wolf Rd. North to 183rd
ElectricCircuit Breakers, Separate Meters
Gross Income47379
Leasable Area2000
Lot Size Square Feet
MLS AreaOrland Park
Net Operating Income35818
Number Of Units Total1
Operating Expense13561
Property SubtypeOffice
Property TypeCommercial Sale
Property TypeOffice/Tech
Standard StatusActive Under Contract
StatusContingent
Stories Count1
Tax Annual Amount5681
Tax Year2024
Tenant PaysElectricity, Heat, Insurance
Year Built2002
ZoningOFFIC
Exterior for 11504 183rd Place
Building Area Total2000
BuyerOfficeFax(708) 418-1833
Lot DimensionsCOMMON
Additional Details
Price History

SQFT • 2,000