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Tinley Crossings 8151 W 183rd St

51,023 SF 100% Leased Office Building Tinley Park, IL 60487 For Sale

Investment Highlights

  • Tinley Crossings at 8151 W 183rd Street offers a turnkey office perfect for an owner-user at the heart of a thriving office submarket.
  • Commuting to and from the site is a breeze, with immediate access to I-80, connecting drivers to Chicago within a 45-minute drive.
  • Currently 100% leased to two tenants who have occupied the building since 2001, and owners can choose to occupy 33,203 square feet if desired.
  • Sits within a five-minute drive of Tinley Park Convention Center, one of the Midwest’s premier meeting and convention destinations.

Executive Summary

Capitalize on a turnkey office available for sale and lease in an affluent community at Tinley Crossings. Located at 8151 W 183rd Street, the single-story, the 51,023-square-foot office is currently occupied by two tenants that have called Tinley Crossings home since 2001. However, owner-users can occupy 33,203 square feet of turnkey space, effectively allowing the remaining tenant to cover the mortgage. Brimming with private offices, cubicles, conference rooms, and a reception area, 8151 W 183rd Street is ready-made for a variety of businesses, including call centers.

Encapsulating the office is a host of retail amenities, including Target, Dick’s Sporting Goods, Best Buy, Old Navy, Bath & Body Works, PetSmart, and Ross Dress for Less. Additionally, a brief five-minute drive separates employees from a menu of casual lunch options, like Starbucks, Panera Bread, Buffalo Wild Wings, Dunkin’, and Culver’s. A densely populated and affluent community home to over 174,000 residents within a five-mile radius supports this retail hub and boasts a median household income exceeding $90,000.

Tinley Crossings is also pleasantly placed in the South Route 45 Submarket, a midsized submarket containing over 5,000,000 square feet of office space. Falling significantly over the past year, the vacancy rate of 5.2% is below the 10-year average as of 2023’s first quarter. Office properties have been traded regularly in recent years. Last year, sales significantly exceeded the three-year average, providing confidence to investors looking to buy into a thriving market.

Attachments

8151 W 183rd

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Office
Building Size
51,023 SF
Building Class
B
Year Built
2001
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
51,023 SF
Building FAR
0.34
Lot Size
3.42 AC
Zoning
M1 - Office and Restricted Industrial
Parking
300 Spaces (5.88 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 7,000-24,271 SF
  • Office
  • Partial Build-Out
  • 30 Days

Available For Lease: ± 7,000 – ± 51,023 Sq. Ft. Year Built: 2001 Parking Ratio: 5.88 per 1,000 Sq. Ft. Zoning: M1 Property Taxes: (2022 paid 2023) $117,657.10 | $2.30 PSF

Space Size Space Use Condition Available
1st Floor 7,000-24,271 SF Office Partial Build-Out 30 Days

1st Floor

Size
7,000-24,271 SF
Space Use
Office
Condition
Partial Build-Out
Available
30 Days

1st Floor

Size 7,000-24,271 SF
Space Use Office
Condition Partial Build-Out
Available 30 Days

Available For Lease: ± 7,000 – ± 51,023 Sq. Ft. Year Built: 2001 Parking Ratio: 5.88 per 1,000 Sq. Ft. Zoning: M1 Property Taxes: (2022 paid 2023) $117,657.10 | $2.30 PSF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09-02-205-022
Land Assessment
$183,182
Improvements Assessment
$983,484
Total Assessment
$1,166,666
  • Listing ID: 29350259

  • Date on Market: 2/4/2022

  • Last Updated:

  • Address: 8151 W 183rd St, Tinley Park, IL 60487

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