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Description
Beautifully built-out, fully renovated, and income-producing office condo now available for sale in the highly desirable Orland Park Business Center! This 2,000 SF suite features 3 private offices, a welcoming waiting area with a fireplace, a reception area, and open workspace. The unit is currently leased to a strong tenant through 2/28/2028, providing immediate and stable cash flow. The space has been completely upgraded with fresh paint throughout, new flooring, updated bathroom fixtures and toilet, and modern LED lighting-creating a truly turnkey investment opportunity! Additional highlights include a new roof (2021), updated landscaping throughout the complex, plenty of parking and LOW WILL COUNTY TAXES! With a strong 9% CAP rate, this is an attractive opportunity for both seasoned investors and those looking to enter the commercial market with a stabilized, income-producing asset.
Property Highlights
Property Type: Commercial - Office
Building Description: 1.0 stories
Year Built: 2002
General Information
County: Will
Listed By:
Olivieri Real Estate LLC
708-719-3444
MRED MLS
MLS ID: 12622368
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11504 183rd Place , Orland Park, IL 60467.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $395,000 | $395,000 | $395,000 |
| Down Payment | $79,000 | $13,825 | $98,750 |
| Monthly Mortgage Amount | $1,844 | $2,325 | $2,401 |
| Taxes | $550 | $550 | $550 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $174 | $0 |
| Monthly Estimated Total | $2,509 | $3,164 | $3,066 |