FULLY LEASED | RARE Small Business Office Center | Crestwood IL
FULLY LEASED | RARE Small Business Office Center | Crestwood IL
- List Price $2,500,000
- Price / Unit $62,500
- Property Type Other
- Units 40
- Current Rents $473,645
- Pro Forma Rents $530,000
- In Place NOI $275,290
- Projected NOI $324,426
- Target CAP Rate 11%
- Market CAP Rate 9%
- Today's Market Value $3,300,000
- Value w/Market Rents $3,900,000
*Today’s Market Value & Value w/Market Rents is a theoretical value calculation derived by NOI and CAP rate. It does not take any other property factors into account.
- -
- 40
- 24,000
- 1987
- 100%
- 113
- 1
- Forced Air
- Central Air
- None
-
40
24,000
- 1987
- 100%
- -
- 1
- Forced Air
- Forced Air
- None
About the property
40-unit | multi-tenant office investment | Stable occupancy | In-place income!! Check out this incredible and rare Office Park Investment Opportunity!
4701-4731 W Midlothian Turnpike, Crestwood, IL. Multi-tenant office investment opportunity featuring four single-story office buildings with 40 individual office units. The property offers a diversified tenant base, multiple income streams, and established in-place occupancy. Long-term tenants and consistent rent collection provide a stable operating history. Located on W Midlothian Turnpike with convenient access to Cicero Avenue and I-294. The property offers current cash flow and potential upside through leasing and operational improvements. Financials, rent roll, and additional property information available. An Illinois-licensed real estate 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 Stamps | Pre Sale Inspection | Yearly Rental Inspection | |
|---|---|---|---|
| Buyer: N/A | Cost: - | Required: No | Required: Yes, Bi-Annual |
| Seller: N/A | Cost: - | Cost: N/A | Cost: 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
Property Financials
View current and future return metrics based on customizable inputs. "Annual Net Income", "Monthly Cash Flow", "Cash on Cash Return", "Equity Value", and "Equity Multiple" are based off of the "Year 2 Pro Forma" column inputs.
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Mortgage Calculator
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Utility Table
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
-
Shalom HealthCare Staffing (0.02 mi)
-
Sullivan & Sullivan (0.31 mi)
-
Freedom Painting & Fine Finishes (0.34 mi)
- Education
-
Shalom CPR Services (0.02 mi)
-
Shalom HealthCare Staffing (0.02 mi)
-
Ombudsman Educational Services (0.22 mi)
- Food
-
Nicky's Carryout (0.06 mi)
-
Louisa's Pizza & Pasta (0.07 mi)
-
Speedway (0.09 mi)
- Health & Medical
-
Massage Spa (0.2 mi)
-
Skin Sauce (0.22 mi)
-
Pointe At Kilpatrick (0.24 mi)
Contact Information
- List Price $2,500,000
- Property Type Other
- Current Rents $473,645
- In Place NOI $275,290
- Target CAP Rate 11%
- Today's Market Value $3,300,000
- Price / Unit $62,500
- Units 40
- Pro Forma Rents $530,000
- Projected NOI $324,426
- Market CAP Rate 9%
- Value w/Market Rents $3,900,000
*Today’s Market Value & Value w/Market Rents is a theoretical value calculation derived by NOI and CAP rate. It does not take any other property factors into account.
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