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    Log Cabin Style Office Property Title is generated by Realmo AI

    16143 S Lincoln Highway, Plainfield, IL 60544

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    Claim this Listing
    For Sale
    $459,999

    COMMERCIAL - Plainfield, IL

    Type:Office
    Property size:
    2,800 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $164/SF
    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

    We can help!

    Contact an agent
    Jose Mendez-Alvarado
    Jose Mendez-Alvarado

    Listing agent Jose Mendez-Alvarado License #475188407

    Listing office RE/MAX Ultimate Professionals 850 Brook Forest Ave., Shorewood, IL

    Listing date Jul 25, 2025

    MLS# 12429878

    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

    This log cabin style commercial property was originally built in 1938 and has been updated for modern office use. The main building includes recently updated electrical with a modern panel and new outlets, fresh interior and exterior paint, and newly updated HVAC equipment. New windows add both efficiency and curb appeal, and the basement has been cleaned and painted to provide dry storage with no history of flooding. The rear building is separately metered and includes its own HVAC system, new flooring, fresh paint, and ample storage.

    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
    2,800 SF · lease $22.56/SF/yr · vacancy 29.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $480.5K
    $420.5K – $560.6K (±1% cap)
    NOI $33,637 @ 7.0% cap · market cap 7.31%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $635.0K
    $555.7K – $740.9K (±1% cap)
    NOI $44,453 @ 7.0% cap · market cap 9.66%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Illinois Credit Services Financial Advisor Farmers Insurance - Michael ... Insurance Agency Quick Weight Loss ... Weight Loss Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Plainfield
    County
    Will
    State
    Illinois
    Longitude
    -88.1819387
    Latitude
    41.5897106

    FAQs

    What type of property is this?
    Office building - Two-building office setup with updated electrical, HVAC, and private parking for professional or creative teams.
    Where is this office building located?
    The property is located at 16143 S Lincoln Highway Plainfield, IL.
    What is the asking price?
    The asking price for this property is $459,999.
    What are key features of this property?
    This property features: 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.
    More about this property
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