For Sale
$1,200,000

19350 Harlem Ave Frankfort, IL 60423

Prime Frankfort Office, 12,000 SF, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional executive office building presents a compelling investment opportunity in the thriving Frankfort, Illinois market. Located at 19350 S Harlem Ave, this two-story property boasts 12,000 square feet of net rentable space, spread across five units. The building sits on a generous 2.14-acre lot, providing ample parking for over 40 vehicles. Constructed in 1987, the property is well-maintained and features a newer roof, highly efficient HVAC and lighting systems, minimizing operating costs. The building is zoned B-1, offering flexibility for a variety of professional uses. With a total square footage of 12,053 square feet, the asking price is $1,200,000, translating to a price per square foot of $99.56. The property's strong financial performance is evident in its Net Operating Income (NOI) of $38,597. The property's location in Will County, with its convenient access to major transportation routes, further enhances its appeal. This is a rare opportunity to acquire a well-maintained, income-producing office building in a desirable location with significant upside potential. The property's low water bill and reasonable taxes contribute to its strong financial profile. This turnkey investment is ready for immediate occupancy. The APN is 1909122010010000.

Highlights

  • $1,200,000 asking price for this executive office building.
  • 12,000 square feet of net rentable space in a 12,053 square foot building.
  • $99.56 price per square foot.
  • $38,597 Net Operating Income (NOI).
  • Five units in a two-story building constructed in 1987.

Property Details for 19350 Harlem Ave

Property type
Office properties
Square Feet
12,053 SF
Year Built
1987
Stories
2
Lot Size (sq. ft)
93,218 SF
Units
5

Location Insight

City
Frankfort
County
Will
State
Illinois
Latitude
41.537644
Longitude
-87.7909204
19350 Harlem Ave, Frankfort, Illinois

FAQs

What type of property is this?
Office property - Prime Frankfort Office, 12,000 SF, High NOI
Where is the office property located?
The property is located at 19350 Harlem Ave Frankfort, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: $1,200,000 asking price for this executive office building.; 12,000 square feet of net rentable space in a 12,053 square foot building.; $99.56 price per square foot.
How can I contact the broker?
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19350 Harlem Ave
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