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$ 2,700,000
Est. payment | /mo
24,000 SqFt
$ 2,700,000
Est. payment | /mo
24,000 SqFt
Key Details
Property Type Commercial
Sub Type Office/Tech
Listing Status Active
Purchase Type For Sale
Square Footage 24,000 sqft
Price per Sqft $112
MLS Listing ID 12376964
Year Built 1987
Annual Tax Amount $50,488
Tax Year 2023
Lot Size 1.010 Acres
Lot Dimensions 44100
Property Sub-Type Office/Tech
Property Description
4701-4731 W Midlothian Turnpike presents a rare and compelling opportunity to acquire a high-performing office investment in the heart of Crestwood, Illinois. Never before offered for sale, this off-market gem has quietly outperformed expectations for years-making its debut on the market a truly unique event. The property consists of four single-story office buildings totaling 40 fully leased units. The asset is fully occupied with no tenant delinquencies, demonstrating both the strength of the rent roll and the reliability of its tenant base. The property generates substantial cash flow, supported by long-term tenants spanning a mix of professional services and local businesses. The low turnover rate and consistent occupancy highlight the demand for office space for small businesses in this strategically located corridor. Positioned near major thoroughfares including Cicero Avenue and I-294, the site benefits from excellent accessibility and visibility. With stabilized income, a clean rent ledger, and minimal management intensity, 4701 W Midlothian Turnpike offers investors a turnkey, income-producing asset with strong in-place cash flow and long-term upside. An IL licensed broker is a member of the LLC that owns the property.
Location
State IL
County Cook
Area Crestwood
Interior
Cooling Central Air
Flooring Carpet, Vinyl
Fireplace N
Exterior
Roof Type Composition
Building
Dwelling Type Office/Tech
Structure Type Concrete,Brick
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Listed by Kathleen Long • Citypoint Illinois LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "