Versatile Office Building with
For Sale
$419,000
16214 S Lincoln Highway, Plainfield, IL 60586
COMMERCIAL - Plainfield, IL
Property Size1,900 SF
Lot Size0.53 Acres
Price / SF$220.53
Days on Market16
Property Features for 16214 S Lincoln Highway
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
COMMR
Directions
Corner of Lincoln Highway(Rt 30) and Lily Cache. Driveway entrance off of Lincoln Highway or Lily Cache.
Subdivision
Plainfield
Standard status
Active
APN
0603233000540000
Lot size
0.53 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6060
Utilities
Utilities
Water Available
Cooling system
Central Air
Building Details
Floors in Building
1
Number of units
1
Flooring type
Carpet, Concrete
Building materials
Brick, Block, Vinyl Siding
Roof type
Composition
Listing Agency:
RE/MAX Professionals Select · RE/MAX International
(630) 904-6400
Listed By:
Jennifer Conte · License #471007847
(630) 904-6400
Added: Jul 15
Changed: Jul 28
Last Checked: Jul 30 at 11:06PM
MLS# 12694120
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.
Investment Insights
Based on property information with market context.
This versatile commercial office building offers finished main-level office space along with a partial basement for additional storage. The interior layout includes multiple open work or conference areas, three private offices, two restrooms, and a spacious eat-in kitchen/break room with a full-size refrigerator and electric stove. Electrical and plumbing systems were replaced during the 1998 conversion to commercial use, with a 200-amp service and existing light fixtures wired for LED service. The partial basement supports storage needs for files, equipment, supplies, and laundry.
The property sits on a 0.53-acre lot with an asphalt parking area for 12+ cars. Driveway access is available from both Lincoln Highway and Lily Cache Roads, approximately 0.25 mile to I-55, with eastbound and westbound entrance and exit ramps.
Additional infrastructure includes central AC and efficient boiler heat. Exterior improvements include vinyl siding with partial brick at the front and vinyl windows, and the property is described as having mostly no-maintenance exterior. City water and sewer services are connected, and the building is hardwired for Metronet fiberoptic internet service. Please note the presence of encapsulated asbestos materials in the basement ceiling and siding under foam insulation.
The property sits on a 0.53-acre lot with an asphalt parking area for 12+ cars. Driveway access is available from both Lincoln Highway and Lily Cache Roads, approximately 0.25 mile to I-55, with eastbound and westbound entrance and exit ramps.
Additional infrastructure includes central AC and efficient boiler heat. Exterior improvements include vinyl siding with partial brick at the front and vinyl windows, and the property is described as having mostly no-maintenance exterior. City water and sewer services are connected, and the building is hardwired for Metronet fiberoptic internet service. Please note the presence of encapsulated asbestos materials in the basement ceiling and siding under foam insulation.
Key Highlights
- B3‑zoned commercial building with over 1,900 SF of finished main‑level office space plus substantial basement storage
- 0.53‑acre lot with asphalt parking for 12+ cars and driveway access from both Lincoln Highway & Lily Cache Roads
- About 0.25 mile to I‑55 with both eastbound and westbound entrance/exit ramps
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 | $42.9k | $22.56 |
| − Vacancy | −$12.4k | −$6.54 |
| EGI | $30.4k | $16.02 |
| − OpEx | −$7.6k | −$4.00 |
| NOI | $22.8k | $12.01 |
1,900 SF · lease $22.56/SF/yr · vacancy 29.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$326.1K
$285.3K – $380.4K
NOI $22,825 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$430.9K
$377.1K – $502.7K
NOI $30,164 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
Explore this area
Business Placement
Demographics for 60586, IL
47,212
Population
14,536
Households
3.2
Avg Household Size
35
Median Age
36%
College-Educated
93%
High-School Grad
17.5 sq mi
ZIP Area
2,698
Density / Sq Mi
$122,963
Median Household Income
$53,067
Median Earnings
$2,159
Median Rent
$298,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building with multiple private offices, restrooms, break room, and basement storage on a paved parking lot.
Where is this office building located?
The property is located at 16214 S Lincoln Highway Plainfield, IL.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: B3‑zoned commercial building with over 1,900 SF of finished main‑level office space plus substantial basement storage; 0.53‑acre lot with asphalt parking for 12+ cars and driveway access from both Lincoln Highway & Lily Cache Roads; About 0.25 mile to I‑55 with both eastbound and westbound entrance/exit ramps
