For Sale
$1,625,000

15525 Park AveSouth Holland, IL 60473

High-Yield Multi-Tenant Office Portfolio

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a well-maintained, multi-tenant office complex located at 15525 South Park Ave, South Holland, IL 60473. Comprising two single-story buildings totaling 30,000 square feet (27,000 net rentable), this Class B property boasts 30 individual tenant spaces, currently enjoying 100% occupancy. Built in 1974, the property offers a compelling combination of stable income and significant upside potential. The gross lease structure simplifies management, with tenants responsible for their own utilities. The property's consistent occupancy and long-term ownership history demonstrate its inherent strength and appeal to local businesses. The asking price is $1,625,000, representing a strong $54.17 per square foot and an attractive 11.12% capitalization rate, based on a Net Operating Income (NOI) of $180,672. This turnkey investment is ideal for a passive investor seeking a stable, high-yielding asset with minimal management requirements. The property's location in Cook County, Illinois, provides easy access to major transportation routes and a thriving local market. This is a rare opportunity to acquire a well-established, fully occupied office complex with a proven track record of success. The current owner, having held the property for many years, is seeking to semi-retire, presenting a unique chance for a new investor to step into a profitable and easily managed portfolio.

Highlights

  • $1,625,000 asking price.
  • 30,000 square feet, 27,000 net rentable square feet.
  • Multi-tenant office building with 30 units, 100% occupancy.
  • Class B property, built in 1974, two single-story buildings.
  • Gross lease structure, $54.17 per square foot, 11.12% cap rate, $180,672 NOI.

Property Details for 15525 Park Ave

Property type
Office properties, Medical offices
Square Feet
30,000 SF
Class
B
Year Built
1974
Buildings
2
Stories
1
Units
30

Location Insight

City
South Holland
County
Cook
State
Illinois
Latitude
41.6125875
Longitude
-87.6070485
15525 Park Ave, South Holland, Illinois

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15525 Park Ave
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