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    Class A Office Building with Atrium Title is generated by Realmo AI

    19065 S Hickory Creek Drive, Mokena, IL 60448

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    Picture of Office buildings at 19065 S Hickory Creek Drive, Mokena, IL
    For Lease
    $20 SF/Yr $88,833/Mo (calc)

    COMMERCIAL - Mokena, IL

    Type:Office
    Property size:
    53,300 SF
    Lot size:
    3.50 Acres
    Added:
    Apr 1, 2025
    Days on Market:
    431
    Last Refresh:
    Jun 5 at 11:06 am

    Property Features for 19065 S Hickory Creek Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Size
    53,300 SF
    Lot size
    3.50 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2002
    Floors in Building
    3
    Number of units
    10
    Flooring type
    Marble, Carpet
    Building materials
    Concrete, Pre-cast
    Roof type
    Rubber, Membrane, Fiberglass

    We can help!

    Listing Contact
    Al Vallejo
    Al Vallejo

    Listing agent Al Vallejo License #471011352

    Listing office Village Realty, Inc. 20950 S. Frankfort Sq Rd # C, Frankfort, IL

    Listing date Apr 1, 2025

    MLS# 12326821

    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

    • 3‑story Class A office building with a 2‑story atrium lobby
    • Year built: 2002
    • 53,300 SF building with up to 7,000 SF available
    • Central air cooling
    • Roofing includes rubber, membrane, and fiberglass
    • Taxes and CAM listed as 4 PSF each (4 PSF taxes, 4 PSF CAM)

    Overview

    This three-story Class A office building features a two-story atrium lobby designed to support a professional office environment. The property includes ample employee and visitor parking for day-to-day access. Space is available up to 7,000 square feet for compatible office and professional uses.

    The building is located off I-80 and LaGrange Rd in Mokena, Illinois, within Will County. The property benefits from proximity to a commuter train station, with parking positioned adjacent to the station.

    The available floor space is suitable for corporate headquarters, general office use, and medical or professional office tenants. Tenant expenses are stated as 4 PSF for taxes and 4 PSF for CAM. With a total building size of 53,300 square feet, the offering supports occupancies seeking a well-appointed office setting with straightforward parking and transit-adjacent convenience.
    Property Profile Location Intelligence

    Current Use by Public Records

    Organix Recycling, LLC Recycling Center Chris E. Chapman ... Physician Specialized Care for Children Social Service Agency Fertility Centers of Illinois ... Medical Clinic O'Brien & Somer Law Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center 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
    Mokena
    County
    Will
    State
    Illinois
    Longitude
    -87.8424226
    Latitude
    41.5444278

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    FAQs

    What type of property is this?
    Office building - Three-story Class A office building with a two-story atrium lobby and abundant on-site parking near commuter rail.
    Where is this office building located?
    The property is located at 19065 S Hickory Creek Drive Mokena, IL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 3‑story Class A office building with a 2‑story atrium lobby; Year built: 2002; 53,300 SF building with up to 7,000 SF available
    (708) 478-1212
    We can help!
    Listing Contact
    Al Vallejo
    Al Vallejo
    Real Estate License ID: 471011352
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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.

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    19065 S Hickory Creek Drive, Mokena, IL 60448
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