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    Industrial Condo with Office Area Title is generated by Realmo AI

    19229 Henry Drive, Mokena, IL 60448

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    Claim this Listing
    For Sale
    Under Contract
    $449,000

    COMMERCIAL - Mokena, IL

    Type:Office
    Property size:
    3,200 SF
    Lot size:
    2.31 Acres
    Price / SF:
    $140/SF
    Added:
    Jun 11, 2026
    Days on Market:
    17
    Last Refresh:
    Jun 27 at 1:06 pm

    Property Features for 19229 Henry Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    COMMR
    Standard status
    Active Under Contract
    APN
    1909101020371004
    Lot size
    2.31 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4848

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2000
    Floors in Building
    1
    Number of units
    6
    Flooring type
    Carpet, Concrete
    Building materials
    Concrete, Sheltered Porch
    Roof type
    Membrane

    We can help!

    Contact an agent
    Robert Grilli
    Robert Grilli

    Listing agent Robert Grilli License #475179692

    Listing office Jameson Sotheby's Intl Realty 425 W. North Ave. suite 1, Chicago, IL

    Listing date Jun 11, 2026

    MLS# 12673972

    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

    • 3,200 SF industrial condo unit with about 1,000 SF office and about 2,200 SF warehouse storage
    • Office includes 4 private offices, kitchenette, half bath, and a wall of windows for natural light
    • Warehouse has 17‑foot ceilings, 12‑foot overhead drive‑in door, 2 bathrooms, and 2 skylights
    • Fully sprinklered with separate HVAC systems for office and warehouse; newer office rooftop unit installed 1 year ago
    • 200‑amp electrical service plus data and phone wiring; full security and fire alarm systems throughout
    • HOA fee is $765 per quarter; association handles exterior maintenance, landscaping, snow removal, water, disposal, and rooftop HVAC filter changes

    Overview

    Well-maintained industrial condo with a combined office and warehouse layout, totaling approximately 3,200 square feet. The office area is approximately 1,000 square feet and includes four private offices, a kitchenette, a half bathroom, and a wall of windows. A connecting doorway provides access to the approximately 2,200-square-foot warehouse featuring 17-foot ceilings, a 12-foot overhead drive-in door, a second bathroom, and two skylights for additional natural light. The unit is fully sprinklered, with separate HVAC systems for the office and warehouse, including a newer office rooftop unit installed one year ago. Additional improvements include 200-amp electrical service, data and phone wiring throughout, and full security and fire alarm systems. Construction includes durable concrete panel and masonry block.

    The property is located at 19229 Henry Drive in Mokena, Illinois, and is part of an association that handles exterior building maintenance, landscaping, snow removal, water service, disposal service, and rooftop HVAC filter changes. Two dedicated parking spaces are provided directly in front of the unit, with additional parking available for employees and visitors.

    This configuration is designed for businesses that need both a professional front office and functional warehouse space in the same facility, including showroom, storefront, office headquarters, or light industrial operations. The separate HVAC and integrated security and life-safety systems support day-to-day usability for office staff and warehouse operations, while the drive-in door and higher ceilings accommodate practical light industrial storage and movement of goods.

    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 $72.2k $22.56
    − Vacancy −$20.9k −$6.54
    EGI $51.3k $16.02
    − OpEx −$12.8k −$4.00
    NOI $38.4k $12.01
    3,200 SF · lease $22.56/SF/yr · vacancy 29.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $549.2K
    $480.5K – $640.7K (±1% cap)
    NOI $38,442 @ 7.0% cap · market cap 8.56%
    Second Best
    Retail
    $432.0K
    $378.0K – $504.0K (±1% cap)
    NOI $30,240 @ 7.0% cap · market cap 6.73%
    Theoretical Best
    Office A
    $725.8K
    $635.0K – $846.7K (±1% cap)
    NOI $50,803 @ 7.0% cap · market cap 11.31%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grilli Construction Construction Company

    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
    -87.8452034
    Latitude
    41.5401617

    FAQs

    What type of property is this?
    Flex space - Industrial condo combines a finished office suite with warehouse storage, including a drive-in door and sprinklered systems.
    Where is this flex space located?
    The property is located at 19229 Henry Drive Mokena, IL.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: 3,200 SF industrial condo unit with about 1,000 SF office and about 2,200 SF warehouse storage; Office includes 4 private offices, kitchenette, half bath, and a wall of windows for natural light; Warehouse has 17‑foot ceilings, 12‑foot overhead drive‑in door, 2 bathrooms, and 2 skylights
    More about this property
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