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.