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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
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.
Property Facts
Amenities
- 24 Hour Access
- Signage
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
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
Parcel Number | 09-02-205-022 | Improvements Assessment | $983,484 |
Land Assessment | $183,182 | Total Assessment | $1,166,666 |
PROPERTY TAXES
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Tinley Crossings | 8151 W 183rd St
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