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    Century 21 Pro-Team

    5618 W. 95th Street, Oak Lawn, IL 60453
    (708) 398-6400
    Web Site
    Size: 10+ agents

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    Property Types

    • Residential Multi Family
    • Land
    • Commercial Sale
    • Commercial Lease

    Listings

    For Sale (22)

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    Joliet Commercial Property For Sale
    $775,000
    0.60 Acres

    Joliet Commercial Property For Sale

    Well-maintained building on 0.6 acres with redevelopment potential.

    810 Plainfield Rd, Joliet, IL 60435
    View details
    Berwyn Mixed-Use Investment Property
    $1,499,000
    0.09 Acres

    Berwyn Mixed-Use Investment Property

    Remodeled Berwyn mixed-use property with apartments and commercial units.

    3239 Grove Ave, Berwyn, IL 60402
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    Residential Lot in Kankakee, IL
    Contact for pricing

    Residential Lot in Kankakee, IL

    Vacant residential lot suitable for building a home or investment property.

    215 N Rosewood Ave, Kankakee, IL 60901
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    Chicago Land For Sale
    Contact for pricing

    Chicago Land For Sale

    Land available in Chicago, Illinois.

    7820 S Escanaba Ave, Chicago, IL 60649
    View details
    Residential Lot in Tinley Park
    $149,000

    Residential Lot in Tinley Park

    Improved residential lot ready for construction in Tinley Park.

    7942 172Nd St, Tinley Park, IL 60477
    View details
    Mokena Commercial Land Opportunity
    $50,000
    0.55 Acres

    Mokena Commercial Land Opportunity

    0.55 acres of commercial land in Mokena, Illinois.

    19099 Hickory Creek Dr, Mokena, IL 60448
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    Land For Sale, Harvey, IL
    $94,999

    Land For Sale, Harvey, IL

    Land available in Harvey, Illinois.

    15544 Turlington Ave, Harvey, IL 60426
    View details
    Mixed-Use Property in Aurora, IL
    $472,000
    5,000 SF

    Mixed-Use Property in Aurora, IL

    Mixed-use property featuring business spaces and apartments in Aurora, IL.

    818 E New York St, Aurora, IL 60505
    View details
    Lockport Office Building Investment
    $700,000

    Lockport Office Building Investment

    One-story office building with full basement and high-traffic location.

    16610 W 159 St, Lockport, IL 60441
    View details
    Orland Park Commercial Property For Sale
    $400,000
    2,600 SF

    Orland Park Commercial Property For Sale

    2600 sq ft commercial property on busy 159th Street.

    7620 W 159Th St, Orland Park, IL 60462
    View details
    Versatile Commercial Building with Apartment
    $400,000
    0.17 Acres

    Versatile Commercial Building with Apartment

    5,000 sq ft commercial building with bonus apartment.

    6401 W 107Th St, Worth, IL 60482
    View details
    Commercial Land in Joliet, IL
    $995,000
    0.60 Acres

    Commercial Land in Joliet, IL

    0.6-acre commercial land for sale in Joliet, Illinois.

    810 Plainfield Rd, Joliet, IL 60435
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    Wooded Lot Near Kankakee River
    $35,000
    1.86 Acres

    Wooded Lot Near Kankakee River

    1.86-acre wooded lot near Kankakee River in Birchwood subdivision.

    22 Birchwood Ln, St Anne, IL 60964
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    Lansing, IL Multi-Family Property
    $429,000
    0.20 Acres

    Lansing, IL Multi-Family Property

    Multi-family property for sale in Lansing, Illinois.

    2278 182Nd Pl, Lansing, IL 60438
    View details
    Residential Townhome Lots Development Opportunity
    $239,900
    1.95 Acres

    Residential Townhome Lots Development Opportunity

    1.95 acres with 22 platted townhome lots in Plainfield.

    South End Rd, Plainfield, IL 60544
    View details
    Crest Hill Land For Sale
    $245,000
    11,000 SF

    Crest Hill Land For Sale

    1.4 acres of commercially zoned land in Crest Hill, IL.

    lot 4 & 5 Plainfield Rd, Crest Hill, IL 60403
    View details
    Established Auto Repair Business For Sale
    $650,000
    0.44 Acres

    Established Auto Repair Business For Sale

    Thriving auto repair shop with real estate included in Aurora.

    1349 E New York St, Aurora, IL 60505
    View details
    Bridgeview Mixed-Use Building on Harlem
    $1,100,000
    7,400 SF

    Bridgeview Mixed-Use Building on Harlem

    Well-maintained mixed-use building with commercial and residential units.

    7654 S Harlem Ave, Bridgeview, IL 60455
    View details
    Buildable Lot in Tinley Park
    $149,000

    Buildable Lot in Tinley Park

    Residential lot in established neighborhood ready for custom construction.

    7946 172Nd Pl, Tinley Park, IL 60477
    View details
    Steger Retail Strip Center For Sale
    Contact for pricing
    11,300 SF

    Steger Retail Strip Center For Sale

    Fully occupied strip center with long-term tenants and ample parking.

    430-438 W 34Th St, Steger, IL 60475
    View details
    Cleared Land in T.I.F. District
    $245,000

    Cleared Land in T.I.F. District

    1.4 acres of cleared land zoned commercial B3.

    5 Plainfield Rd, Crest Hill, IL 60403
    View details
    Joliet Restaurant Opportunity
    $995,000

    Joliet Restaurant Opportunity

    Freestanding restaurant building for sale in Will County, Illinois.

    810 Plainfield Rd, Joliet, IL 60435
    View details

    For Lease (8)

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    Office Space in Prime Location
    Contact for pricing
    22,651 SF

    Office Space in Prime Location

    Office space for lease in convenient Joliet location.

    70 Mcdonald Ave, Joliet, IL 60431
    View details
    High-Visibility Retail/Office End Unit
    Contact for pricing
    950 SF

    High-Visibility Retail/Office End Unit

    Retail/Office end unit with high traffic and signage.

    3557 W Jefferson St, Joliet, IL 60431
    View details
    Bridgeview Freestanding Commercial Building
    Contact for pricing

    Bridgeview Freestanding Commercial Building

    11,263 SF freestanding building in Bridgeview's business district.

    7020 W 79Th St, Bridgeview, IL 60455
    View details
    Prime Retail Space in Palos
    Contact for pricing

    Prime Retail Space in Palos

    Storefront in busy shopping district with ample parking.

    12331 S Harlem Ave, Palos Heights, IL 60463
    View details
    Move-in Ready Office Space Available
    Contact for pricing

    Move-in Ready Office Space Available

    Office space for lease in a convenient Joliet location.

    2401 W Jefferson St, Joliet, IL 60435
    View details
    Downtown Clarendon Hills Office Condo
    Contact for pricing

    Downtown Clarendon Hills Office Condo

    Ground level office condo in prime location near Metra.

    229 Burlington Ave, Clarendon Hills, IL 60514
    View details
    Move-in Ready Office Space Available
    Contact for pricing

    Move-in Ready Office Space Available

    Up to 3821 SF of office space for lease.

    2401 W Jefferson St, Joliet, IL 60435
    View details
    Commercial Space in Homewood, IL
    Contact for pricing

    Commercial Space in Homewood, IL

    Commercial property available for rent in Homewood, Illinois.

    18215 Dixie Hwy, Homewood, IL 60430
    View details

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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Century 21 Pro-Team
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