4701-4731 W Midlothian Turnpike
Crestwood, IL 60418

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Description

4701-4731 W Midlothian Turnpike presents a rare and compelling opportunity to acquire a high-performing office investment in the heart of Crestwood, Illinois. Never before offered for sale, this off-market gem has quietly outperformed expectations for years-making its debut on the market a truly unique event. The property consists of four single-story office buildings totaling 40 units. The asset is occupied with long-term tenants, no tenant delinquencies, demonstrating both the strength of the rent roll and the reliability of its tenant base. The property generates substantial cash flow, supported by loyal and dedicated tenants spanning a mix of professional services and local businesses. The low turnover rate and consistent occupancy highlight the demand for office space for small businesses in this strategically located corridor. Positioned near major thoroughfares including Cicero Avenue and I-294, the site benefits from excellent accessibility and visibility. With stabilized income, a clean rent ledger, and minimal management intensity, 4701 W Midlothian Turnpike offers investors a turnkey, income-producing asset with strong in-place cash flow and long-term upside. An IL licensed broker is a member of the LLC that owns the property.

Features

• Property Type: Commercial
• Sub Type: Office/Tech
• Listing Status: Active Under Contract
• County/Area: Cook County
• Zip Code: 60418
• Year Built: 1987
• Sq.Ft.: 24,000 sq ft
• Units: 40 units
• Lot Size: 1.01 acres
• # Of Tenants: 18
• Additional Parcels: Yes
• Approximate Age: 26-35 Years
• Building Area Total: 24000
• Cap Rate: 11
• Construction Materials: Concrete, Brick
• Cooling: Central Air
• Directions: South Cicero Avenue, left on Midlothian Tpke, right on 4701 Midlothian.
• Electric: Service - 101 to 200 Amps
• Fire Protection: Fire Extinguisher/s, Sprinklers-Wet
• Flooring: Carpet, Vinyl
• Foundation Details: Concrete Perimeter
• Geographic Locale: Southwest Suburban
• Gross Income: 439656
• Gross Scheduled Income: 439656
• Heat/Ventilation: Central Bldg Heat
• Information: 48-Hr Notice Required
• Leasable Area: 24000
• Lot Size Square Feet: 44100
• Main Type: Commercial Sale
• Min Avail Sq Ft (Rentable): 24000
• Operating Expense: 198355
• Outdoor Parking: Over 100 Spaces, Parking On-Site
• Property Offered: For Sale Only
• Property Sub Type: Office
• Roof: Composition
• Roof Structure: Flat
• Tax Annual Amount: 50488
• Tax Year: 2023
• Tenant Pays: Electricity, Heat, Janitorial Service, Sewer
• Township: Bremen