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1816 170th St

9,905 SF Office Building Hazel Crest, IL 60429 £470,645 (£48/SF) 12.31% Net Initial Yield

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Investment Highlights

Potential to convert portion of the second floor to residential (Architectual plans included)

Executive Summary

Fully rented office medical with 5 years remaining on lease. Architectual drawings included to convert back portion of upper level to residential unit to convert to a mixed-use building. Located within 1 mile of I80/94 access. Property has 23 parking spaces.

1816 170th St, Hazel Crest_Daggett[15899]

Property Facts

Sale Type

Investment

Property Type

Office

Property Subtype

Medical

Building Size

9,905 SF

Building Class

Year Built

1930

Price

£470,645

Price Per SF

£48

Net Initial Yield

12.31%

NOI

£57,928

Tenancy

Single

Number of Floors

Typical Floor Size

4,953 SF

Building FAR

1.00

Land Acres

0.23 AC

Zoning

B2 Commercial - Commercial

Parking

23 Spaces (2.32 Spaces per 1,000 SF Leased)

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aerial
map

1816 170th St, Hazel Crest, IL - aerial map view - Image1

1816 170th St, Hazel Crest, IL - aerial map view - Image2

PROPERTY TAXES

Parcel Numbers	Multiple 29-30-219-034-0000 29-30-219-039-0000 29-30-219-036-0000 29-30-219-035-0000 29-30-219-038-0000 29-30-219-037-0000	Improvements Assessment	£55,829
Land Assessment	£9,243	Total Assessment	£65,072