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    13412 W 159th Street Homer Glen, IL 60491

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    Claim this Listing
    Pending
    $2,350,000

    COMMERCIAL - Homer Glen, IL

    Lot size:
    0.72 Acres
    Added:
    Sep 23, 2025
    Days on Market:
    228
    Last Refresh:
    May 8 at 3:06 am

    Property Features for 13412 W 159th Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    COMMR
    Standard status
    Pending
    APN
    1605143000040000
    Lot size
    0.72 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    46007

    Utilities

    Utilities
    Natural Gas Available
    Cooling system
    Central Air

    Building Details

    Year built
    2004
    Floors in Building
    2
    Flooring type
    Tile, Concrete, Wood, Vinyl, Carpet
    Building materials
    Brick, Concrete, Steel Siding, Divisible
    Roof type
    Membrane

    We can help!

    Listing Contact
    Bonnie Willis
    Bonnie Willis

    Listing agent Bonnie Willis License #475157605

    Listing office Coldwell Banker Real Estate Group 14851 Founders Crossing, Joliet, IL

    Listing date Sep 23, 2025

    MLS# 12478454

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑visibility location ideal for attracting customers and clients.
    • Versatile space with 5,568 sq ft of retail, 3,100 sq ft of office, and a 4,000 sq ft warehouse.
    • Warehouse features 27‑foot ceilings, metal shelving, natural light, floor drains, and a drive‑in door.
    • Includes 8 spacious offices, a conference room, a media room, and a fully equipped kitchen.
    • Freshly paved and striped parking lot for easy access.
    • Building equipped with a sprinkler system for safety.

    Overview

    Versatile Commercial Building in Homer Glen

    This commercial brick building features metal trusses and offers a functional space suitable for various businesses. The property benefits from a high-visibility location and a freshly paved parking lot. The building includes 5,568 square feet of retail space, 3,100 square feet of office space, and a 4,000-square-foot warehouse with 27-foot ceilings, metal shelving, and natural light. The heated warehouse is equipped with floor drains and a drive-in door. The building contains 8 offices, a conference room, a media room, and a fully equipped kitchen with appliances. There are 4 bathrooms and a sprinkler system. A 10x14 service door provides additional utility. All 8 windows are new. The property is situated on a 0.72-acre lot. The building is currently leased by Total Flooring. The property is zoned COMMR. It is located in Homer Glen, Illinois. The property is suitable for medical offices, retail stores, or trade businesses, offering a mix of office, retail, and warehouse space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Homer Glen
    County
    Will
    State
    Illinois
    Longitude
    -87.9448159
    Latitude
    41.6002462

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    FAQs

    What type of property is this?
    Retail space - Commercial building with retail, office, and warehouse space for sale.
    Where is this retail space located?
    The property is located at 13412 W 159th Street Homer Glen, IL.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: High‑visibility location ideal for attracting customers and clients.; Versatile space with **5,568 sq ft of retail, 3,100 sq ft of office, and a 4,000 sq ft warehouse.**; **Warehouse features 27‑foot ceilings, metal shelving, natural light, floor drains, and a drive‑in door.**
    (815) 553-2411
    We can help!
    Listing Contact
    Bonnie Willis
    Bonnie Willis
    Real Estate License ID: 475157605
    Learn More
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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
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