16143 S Lincoln Highway, Plainfield, IL 60544
COMMERCIAL - Plainfield, IL
- Added:
- Jul 25, 2025
- Days on Market:
- 338
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 16143 S Lincoln Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- OFFIC
- Standard status
- Active
- APN
- 0603231090320000
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2022
- Tax Annual Amount
- 5314
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1939
- Floors in Building
- 2
Listing agent Jose Mendez-Alvarado License #475188407 (815) 725-4545
Listing office RE/MAX Ultimate Professionals 850 Brook Forest Ave., Shorewood, IL (815) 725-4545
Listing date Jul 25, 2025
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
- Turnkey commercial property with immediate income from a long‑term tenant.
- Two buildings on‑site providing over 2,800 sq ft of leasable space and approximately 10 private offices.
- Main building features updated electrical, HVAC, and new windows.
- Rear building is separately metered with its own HVAC, new flooring and paint.
- Dry basement provides excellent storage with no history of flooding.
- Private parking lot and updated landscaping.
Overview
The property is located at 16143 S Lincoln Highway in Plainfield, IL. It includes a seal coated driveway and a private parking lot, with exterior landscaping updates noted such as tree trimming and fresh mulch, along with cleaned and painted building walls and cleared drainage.
Inside, the combined space is described as offering approximately 10 private offices, with room for multiple desks per office depending on layout. With the main and rear buildings operating as distinct spaces, the configuration can support a single organization needing multiple private offices or an operation that values separate metering and dedicated HVAC. A long-term tenant is in place on a 1-year lease, and the property is being offered for sale as a turnkey office solution with both historic character and recent building improvements.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.2k | $22.56 |
| − Vacancy | −$18.3k | −$6.54 |
| EGI | $44.8k | $16.02 |
| − OpEx | −$11.2k | −$4.00 |
| NOI | $33.6k | $12.01 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Plainfield
- County
- Will
- State
- Illinois
- Longitude
- -88.1819387
- Latitude
- 41.5897106