100% Occupied, Rare Small Business Office Center

4701 W Midlothian Turnpike Crestwood IL
  • $2,700,000
  • $67,500
  • / Unit

100% Occupied, Rare Small Business Office Center

4701-4731 W Midlothian Turnpike Crestwood IL 60418
Yearly Income $465,730
Yearly Expenses $168,757
Current Rents $465,730
Pro Forma Rents $530,000
  • -
  • Bedrooms
  • 40
  • Bathrooms
  • 24,000
  • Sq Ft
  • 1987
  • Year Built
  • 100%
  • Occupancy
  • 113
  • Parking
  • 1
  • Stories
  • Forced Air
  • Heating System
  • Central Air
  • Cooling System
  • None
  • Laundry
  • -
  • Bedrooms
  • 40
  • Bathrooms
  • 24,000
  • Sq Ft
  • 1987
  • Year Built
  • 100%
  • Occupancy
  • -
  • Parking
  • 1
  • Stories
  • Forced Air
  • Heating System
  • Forced Air
  • Cooling System
  • None
  • Laundry

About the property

4701-4731 W Midlothian Turnpike presents a rare and compelling opportunity to acquire a high-performing office investment in the heart of Crestwood, Illinois. Never before offered for sale, this off-market gem has quietly outperformed expectations for years—making its debut on the market a truly unique event. The property consists of four single-story office buildings totaling 40 fully leased units. The asset is 100% occupied with no tenant delinquencies, demonstrating both the strength of the rent roll and the reliability of its tenant base. The property generates substantial cash flow, supported by long-term tenants spanning a mix of professional services and local businesses. The low turnover rate and consistent occupancy highlight the demand for office space for small businesses in this strategically located corridor. Positioned near major thoroughfares including Cicero Avenue and I-294, the site benefits from excellent accessibility and visibility. With stabilized income, a clean rent ledger, and minimal management intensity, 4701 W Midlothian Turnpike offers investors a turnkey, income-producing asset with strong in-place cash flow and long-term upside. An IL licensed broker is a member of the LLC that owns the property.

About the neighbourhood

  • Located in the vibrant heart of Crestwood, Illinois, 4701-4721 W Midlothian Turnpike is perfectly positioned within a dynamic commercial corridor that blends accessibility, convenience, and community appeal. Crestwood offers a stable and business-friendly environment, making it an ideal setting for professional services and small businesses to thrive. The property enjoys immediate access to key transportation routes including Cicero Avenue and I-294, allowing for seamless connectivity to downtown Chicago and surrounding suburbs. The neighborhood features a balanced mix of retail, dining, and service-oriented establishments, creating a lively atmosphere that supports both professional and local enterprise. With a strong local workforce, consistent demand for office space, and a history of economic resilience, Crestwood continues to be a sought-after destination for investors and tenants alike.

Municipality - Investor Guide

Crestwood
Transfer StampsPre Sale InspectionYearly Rental Inspection
Buyer: N/ACost: -Required: NoRequired: Yes, Bi-Annual
Seller: N/ACost: -Cost: N/ACost: Single Family $50, Multifamily $75
Notes
Crestwood requires all residential rental properties (single family, 2-4 units, and 5+ residential unit buildings) to be registered with the village. Registration costs are $100 for single family, $75/unit for multifamily buildings.

For a list of all Municipality requirements visit our Municipality Requirements Page

Property Documents

Expenses & UT
PCR

Property Financials

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Property Current

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Year 2 Pro Forma

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Debt Service

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Mortgage Calculator

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  • Down Payment
  • Loan Amount
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  • Monthly Property Tax
  • Monthly Property Insurance
  • Monthly HOA Fees
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Utility Table

Location
Responsibility
Meter number
Usage TTM
Rate
Common Areas
L
-
-
-
Units
T
-
-
-
Source
Commonwealth Edison
Notes
-
Location
Responsibility
Measured In
Usage TTM
Cost
Common Areas
L
Gallons
-
-
Units
T
Gallons
-
-
Source
Water Bill
Notes
-
Location
Responsibility
Measured In
Usage TTM
Cost Per Unit
Common Areas
L
Therms
-
-
Units
T
Therms
-
-
Source
Gas Provider
Notes
-
Location
Responsibility
Container Size
Monthly Rate
Common Areas
L
2 Cubic Yards
-
Units
L
2 Cubic Yards
-
Source
Vendor Quote
Notes
-
Total Yearly Utitlity Cost:  $15,571.00

*This Utility Table does not include snow removal or lawn care costs, if any. For more details on snow/lawn expenses, see the "Expenses" attachment located under the "Property Documents" section.

Property Taxes

Currently No Tax data found for this property. Please Check back later.

Walkscore

Nearby

Arts & Entertainment
B-Distinct (0.26 mi)
Exceptional 5 reviews
P & B Studio (0.26 mi)
Exceptional 1 reviews
Kolmar School (0.42 mi)
Average 2 reviews
Education
Shalom CPR Services (0.01 mi)
0 reviews
Rosie’s Driving School (0.27 mi)
0 reviews
Ombudsman Educational Services (0.24 mi)
0 reviews
Food
Nicky's Carryout (0.06 mi)
Good 132 reviews
Louisa's Pizza & Pasta (0.08 mi)
Good 207 reviews
Speedway (0.1 mi)
Poor 6 reviews
Health & Medical
Shalom HealthCare Staffing (0.01 mi)
0 reviews
Kids In Motion (0.02 mi)
Exceptional 1 reviews
Warner Skincare (0.02 mi)
Exceptional 3 reviews

Contact Information

Marcin Chojnacki

Enquire About This Property

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Marcin Chojnacki
  • Marcin Chojnacki
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