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Troy, IL Three Bedroom Office Complex 500 Ohara Dr

11,900 SF Vacant Office Building Troy, IL 62294 $1,375,000 ($116/SF)

Investment Highlights

  • Strategically located in Troy, IL, with easy access to highways 55 and 70, offering excellent visibility and connectivity.
  • Great opportunity for an owner-user or investor
  • Commercial zoning allows a range of business applications, ideal for diverse tenant needs and investment stability.
  • Three-building office park totaling 11,900 ft² of adaptable office space, suited for medical, professional, and commercial uses.
  • Located in the growing Madison County market, presenting strong potential for appreciation and tenant demand.
  • 400 – 11,900 ft. available for lease.

Executive Summary

This well-positioned office park in Troy, IL, includes three buildings—505 Buckeye, 500 Ohara, and 504 Ohara—offering a combined total of 11,900 ft² of versatile office space. Located conveniently near highways 55 and 70, the property ensures excellent accessibility and visibility, ideal for medical, professional, and commercial tenants. Zoned for a range of business uses, the office park features approximately 75 parking spaces to support tenant and client needs. Situated in the expanding Madison County market, this property presents a strong investment opportunity with promising tenant appeal and potential for appreciation.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
11,900 SF
Building Class
C
Year Built
1997
Price
$1,375,000
Price Per SF
$116
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,950 SF
Building FAR
0.21
Land Acres
1.33 AC
Zoning
commercial - Commercial

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 500 Ohara
  • 2,400 SF
  • Office
  • -
  • Now

This well-positioned office park in Troy, IL, includes three buildings—505 Buckeye, 500 Ohara, and 504 Ohara—offering a combined total of 11,900 ft² of versatile office space.

  • 1st Fl-Ste 504 Ohara
  • 2,400 SF
  • Office
  • -
  • Now

This well-positioned office park in Troy, IL, includes three buildings—505 Buckeye, 500 Ohara, and 504 Ohara—offering a combined total of 11,900 ft² of versatile office space.

  • 1st Fl-Ste 505 Buckeye
  • 7,100 SF
  • Office
  • Full Build-Out
  • Now

This well-positioned office park in Troy, IL, includes three buildings—505 Buckeye, 500 Ohara, and 504 Ohara—offering a combined total of 11,900 ft² of versatile office space.

Space Size Space Use Condition Available
1st Fl-Ste 500 Ohara 2,400 SF Office - Now
1st Fl-Ste 504 Ohara 2,400 SF Office - Now
1st Fl-Ste 505 Buckeye 7,100 SF Office Full Build-Out Now

1st Fl-Ste 500 Ohara

Size
2,400 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 504 Ohara

Size
2,400 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 505 Buckeye

Size
7,100 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 500 Ohara

Size 2,400 SF
Space Use Office
Condition -
Available Now

This well-positioned office park in Troy, IL, includes three buildings—505 Buckeye, 500 Ohara, and 504 Ohara—offering a combined total of 11,900 ft² of versatile office space.

1st Fl-Ste 504 Ohara

Size 2,400 SF
Space Use Office
Condition -
Available Now

This well-positioned office park in Troy, IL, includes three buildings—505 Buckeye, 500 Ohara, and 504 Ohara—offering a combined total of 11,900 ft² of versatile office space.

1st Fl-Ste 505 Buckeye

Size 7,100 SF
Space Use Office
Condition Full Build-Out
Available Now

This well-positioned office park in Troy, IL, includes three buildings—505 Buckeye, 500 Ohara, and 504 Ohara—offering a combined total of 11,900 ft² of versatile office space.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09-2-22-05-20-402-040
Land Assessment
$36,860
Improvements Assessment
$196,360
Total Assessment
$233,220
  • Listing ID: 33840810

  • Date on Market: 11/12/2024

  • Last Updated:

  • Address: 500 Ohara Dr, Troy, IL 62294

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