17050 S Park Ave
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17050 S Park Ave
9,000 SF Vacant Office Building South Holland, IL 60473 £391,421 (£43/SF)
Investment Highlights
- Vacant owner-user or multi-tenant investment property
- Front and rear entrances and parking lots
- Real estate tax assessment - May be Class 8 eligible.
- Numerous office suites with private baths on each floor
- Easily accessible to major expressways I-294/94/80
Executive Summary
17050 South Park Avenue is a vacant, standalone office building in South Holland, IL and is easily accessible from major expressways I-294/80/94 serving the interstate Illinois – Indiana region.
The building was constructed with a split-level style layout with front and rear staircases connecting the first and second floors. The interior features several offices suites with private baths on each floor, as well as front and rear entrances and parking lots.
The immediate area consists of office, retail and childcare-related uses and the Thornwood High School and district offices are located across the street, bringing daily traffic to the area. A bus stop is also located across the street.
The property is eligible for Class 8 Tax status in Cook County, allowing for a substantial assessment reduction.
The building was constructed with a split-level style layout with front and rear staircases connecting the first and second floors. The interior features several offices suites with private baths on each floor, as well as front and rear entrances and parking lots.
The immediate area consists of office, retail and childcare-related uses and the Thornwood High School and district offices are located across the street, bringing daily traffic to the area. A bus stop is also located across the street.
The property is eligible for Class 8 Tax status in Cook County, allowing for a substantial assessment reduction.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Building Size
9,000 SF
Building Class
B
Year Built
1975
Price
£391,421
Price Per SF
£43
Percent Leased
Vacant
Number of Floors
2
Typical Floor Size
4,500 SF
Building FAR
0.36
Land Acres
0.57 AC
Zoning
Local Business - Local Business includes:
• Automobile service
• Business service
• Clothing service
• Equipment service
• Food service
• Personal service
• Retail use
Parking
40 Spaces (4.44 Spaces per 1,000 SF Leased)
Amenities
- Bus Route
- Monument Signage
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £626,892 | |
| Land Assessment | £180,864 | Total Assessment | £807,756 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£180,864
Improvements Assessment
£626,892
Total Assessment
£807,756
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Gwen Lampert -
Lexi Welton -
LM Commercial Real Estate
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17050 S Park Ave
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