930 175th St
Homewood, IL 60430

DOBREVA COMMERCIAL, INC. is proud to present an excellent value-add opportunity for an investor or owner-user to acquire a well maintained, 3-story, 15,000-square-foot office building, Class B. The property is situated on a 41,842-square-foot site, in the heart of Homewood, IL. 930 W 175th Street has a new roof (2016), new lobby (2016), central HVAC system, solid brick structure and a resurfaced parking for 61 vehicles. The interior of the property consists of 17 office suites, ranging from 233 to 3,133 SF; elevator, bathrooms, electrical closets, and a mechanical room. All tenants pay for air conditioning, heat and electric. In addition, two of the tenants pay a pro-rata share of real estate taxes, insurance and Common Area Maintenance (CAM). The building is currently 80% occupied. There is an upside in rents with significant potential. At 100% occupancy, the property can generate a Potential Gross Revenue of $238,612, a Net Operating Income of $48,911 and a CAP Rate of 11.40%. An owner-user can occupy approx. 3,000 SF, increase rents and enjoy a long term investment in a high density area, with access to major highways. The building is located along the north side of 175th Street, with traffic counts of 8,200 vehicles per day, just west of Halsted Street in Homewood. The property has 224’ of frontage on 175th street, and a pylon signage for additional exposure. The building is 25 miles south of the Chicago Loop, in close proximity to I-80, I-294, I-94, and I-57, and a short distance to a vibrant downtown shopping area, national restaurants, hotels and Metra Electric train station. This offering represents a unique opportunity to acquire a well-maintained office building that has a lot of potential for a high return on investment, due to its upside in rents and strong cash flow.