6600 W College Dr
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6600 W College Dr
12,864 SF 47% Leased Office Building Palos Heights, IL 60463 $999,000 ($78/SF)
Investment Highlights
- Value Add Property
- 60 Parking Spaces
- 8 Common Area Restrooms
- 2-Story Office Building
- Electric Monument Signage
Executive Summary
This attractive two-story office building, spanning 12,864sf is ideal for corporate, educational, or medical use. It enjoys a prime location with excellent visibility on College Drive, providing convenient access to public transportation, highways, and variety of dining and shopping options nearby. Situated in the business-friendly area of Palos Heights, near Palos Hospital (Northwestern Medicine), the building offers multiple entry and exit points, making it easily accessible for multiple tenants. First-floor units are available, with the flexibility to customize spaces to suit your specific requirements. The property includes ample parking (60 spaces) in a newly updated lot with modern lighting. This building offers a wealth of opportunities, whether you're an investor or owner a user.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$78,789
|
$6.06
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$78,789
|
$6.06
|
| Taxes |
$54,413
|
$4.19
|
| Operating Expenses |
$23,596
|
$1.82
|
| Total Expenses |
$78,009
|
$6.00
|
| Net Operating Income |
$780
|
$0.06
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $78,789 |
| Annual Per SF | $6.06 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $78,789 |
| Annual Per SF | $6.06 |
| Taxes | |
|---|---|
| Annual | $54,413 |
| Annual Per SF | $4.19 |
| Operating Expenses | |
|---|---|
| Annual | $23,596 |
| Annual Per SF | $1.82 |
| Total Expenses | |
|---|---|
| Annual | $78,009 |
| Annual Per SF | $6.00 |
| Net Operating Income | |
|---|---|
| Annual | $780 |
| Annual Per SF | $0.06 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
12,864 SF
Building Class
B
Year Built/Renovated
1980/2023
Price
$999,000
Price Per SF
$78
Percent Leased
47%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,432 SF
Building FAR
0.21
Lot Size
1.38 AC
Zoning
B, Palos Heights
Parking
60 Spaces (4.66 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Kitchen
- Central Heating
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 24-30-201-033-0000 | Total Assessment | $179,750 |
| Land Assessment | $105,000 | Annual Taxes | $54,413 ($4.23/SF) |
| Improvements Assessment | $74,750 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
24-30-201-033-0000
Land Assessment
$105,000
Improvements Assessment
$74,750
Total Assessment
$179,750
Annual Taxes
$54,413 ($4.23/SF)
Tax Year
2023
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6600 W College Dr
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