3612 Lincoln HwyOlympia Fields, IL 60461

Property Details for 3612 Lincoln Hwy

Year built

1969

Lot size

1.13 AC

Property type

Retail space

Property subtype

Storefront properties

APN

31-23-102-026

APU

3123102026

Description

This exceptional 18,100 square foot, three-story Class B creative office building is situated at 3612 Lincoln Highway in Olympia Fields, Illinois, zip code 60461. Ideally located along a major east-west corridor, just east of I-57, this property benefits from high daytime traffic volume. Built in 1972, the single building is zoned B3 and offers a gross lease structure. The property's history includes use as a financial institution headquarters and currently operates as a multi-tenant building, providing various sized suites to accommodate a diverse range of tenants. This presents an excellent opportunity for both owner-occupiers and investors. The building's ample parking further enhances its appeal. The property is located in Cook County and offers a flexible layout suitable for a variety of business needs. This prime location and versatile space make it an attractive investment or an ideal headquarters for a growing company. The building's multi-tenant configuration allows for diverse income streams, making it a particularly strong investment prospect. The property's convenient access to I-57 ensures excellent connectivity and accessibility for employees and clients.

• CAP approach

  CAP return

  Valuation

  6%

  $23,253,738

  6.5%

  $21,464,988

  7%

  $19,931,776

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,156,465

  Geo Method

  $16,156,465

• Alternative Use

  Use

  Valuation

  Residential

  $18,106,522

  Hospitality

  $16,585,476

  Educational

  $13,798,921

  Medical

  $14,273,487

  Retail

  $21,464,988

Location Insight

City

Olympia Fields

County

Cook

State

Illinois

Latitude

41.5066

Longitude

-87.7042

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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