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Crestwood Cove Office Center 4701-4731 W Midlothian Tpke 24,000 SF 100% Leased Office Building Crestwood, IL 60445 $3,473,800 CAD ($144.74 CAD/SF) 11.01% Cap Rate
Investment Highlights
- Benefits from excellent accessibility and visibility
- Occupied with long-term tenants, no tenant delinquencies, demonstrating both the strength of the rent roll and the reliability of its tenant base.
- Never before offered for sale!
- Offers investors a turnkey, income-producing asset with strong in-place cash flow and long-term upside.
- Off-market gem has quietly outperformed expectations for years
Executive Summary
40-unit | multi-tenant office investment | Stable occupancy | In-place income!! Check out this incredible and rare Office Park Investment Opportunity!
4701-4731 W Midlothian Turnpike, Crestwood, IL. Multi-tenant office investment opportunity featuring four single-story office buildings with 40 individual office units. The property offers a diversified tenant base, multiple income streams, and established in-place occupancy. Long-term tenants and consistent rent collection provide a stable operating history. Located on W Midlothian Turnpike with convenient access to Cicero Avenue and I-294. The property offers current cash flow and potential upside through leasing and operational improvements. Financials, rent roll, and additional property information available. An Illinois-licensed real estate broker is a member of the LLC that owns the property.
4701-4731 W Midlothian Turnpike, Crestwood, IL. Multi-tenant office investment opportunity featuring four single-story office buildings with 40 individual office units. The property offers a diversified tenant base, multiple income streams, and established in-place occupancy. Long-term tenants and consistent rent collection provide a stable operating history. Located on W Midlothian Turnpike with convenient access to Cicero Avenue and I-294. The property offers current cash flow and potential upside through leasing and operational improvements. Financials, rent roll, and additional property information available. An Illinois-licensed real estate broker is a member of the LLC that owns the property.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$655,790
|
$27.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$655,790
|
$27.32
|
| Taxes |
$143,994
|
$6.00
|
| Operating Expenses |
$130,640
|
$5.44
|
| Total Expenses |
$274,634
|
$11.44
|
| Net Operating Income |
$381,156
|
$15.88
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $655,790 |
| Annual Per SF | $27.32 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $655,790 |
| Annual Per SF | $27.32 |
| Taxes (CAD) | |
|---|---|
| Annual | $143,994 |
| Annual Per SF | $6.00 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $130,640 |
| Annual Per SF | $5.44 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $274,634 |
| Annual Per SF | $11.44 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $381,156 |
| Annual Per SF | $15.88 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
24,000 SF
Building Class
B
Year Built
1987
Price
$3,473,800 CAD
Price Per SF
$144.74 CAD
Cap Rate
11.01%
NOI
$382,521 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
24,000 SF
Building FAR
0.26
Lot Size
2.13 AC
Zoning
B-2 - B-2
Parking
108 Spaces (4.5 Spaces per 1,000 SF Leased)
Amenities
- Signage
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Total Assessment | $543,276 CAD (2025) | |
| Land Assessment | $241,421 CAD (2025) | Annual Taxes | $143,994 CAD ($6.00 CAD/SF) |
| Improvements Assessment | $301,855 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$241,421 CAD (2025)
Improvements Assessment
$301,855 CAD (2025)
Total Assessment
$543,276 CAD (2025)
Annual Taxes
$143,994 CAD ($6.00 CAD/SF)
Tax Year
2026
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Crestwood Cove Office Center | 4701-4731 W Midlothian Tpke
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