Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    19901 Wolf Road unit D Mokena, IL 60448

    View on Map
    For Sale
    $300,000

    COMMERCIAL - Mokena, IL

    Added:
    May 27, 2025
    Days on Market:
    310
    Last Refresh:
    Apr 1 at 5:06 pm

    Property Features for 19901 Wolf Road unit D

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    COMMR
    Standard status
    Active

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    5148

    Utilities

    Cooling system
    Central Air

    Building Details

    Floors in Building
    1

    We can help!

    Listing Contact
    Leah Erickson
    Leah Erickson

    Listing agent Leah Erickson License #475204597

    Listing office Coldwell Banker Commercial Real Estate Group 38 W Countryside Pkwy Ste B, Joliet, IL

    Listing date May 27, 2025

    MLS# 12378306

    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.

    Overview

    Established Restaurant Business for Sale

    This is a business sale opportunity to own Fratello's Deli & Cafe, established in 2007 and located in Mokena, Illinois. The business has a reputation for its menu, which includes gourmet sandwiches, pasta dishes, salads, and pizzas made from family recipes. The business operates Monday through Friday. The sale includes two catering brands, Italian themed Fratello's and Mexican themed Papa Gorda's, a customer base, daily guaranteed orders, a trained staff, equipment, and inventory. The business has an online presence with over 6,000 Facebook followers and partnerships with third-party ordering platforms. Fratello's has weekly catering for daycare centers, schools, and businesses, and averages ~$15k in weekly online orders between EZCater and CaterToMe. The sales price includes the security deposit refund plus 3-7 days worth of inventory. The full commercial kitchen includes ovens, stoves, flat tops, a walk-in cooler and freezer, prep tables, a point of sale system, panini press, wrap warmer, microwave, hoods and exhaust system, deep fryer, countertop freezer, food prep tables, prep ware, and utensils. The sale includes the name and likeness, social media followers, two websites, established 3rd party ordering and marketing services and a point-of-sale system. The owner is retiring.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Imagine That... design, ... Interior Design Fratello's Deli & Cafe Restaurant

    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
    Mokena
    County
    Will
    State
    Illinois
    Longitude
    -87.8890433
    Latitude
    41.5272539

    Nearby Similar for Sale

    • $1,100,000

      Mokena Retail Building Opportunity

      Free-standing retail building near Metra station in Mokena, Illinois.
      11120 Front Street, Mokena, IL 60448
      View Details
    • $3,522,000
      7,407 SF

      Mokena Commercial Property For Sale

      High-visibility commercial property in Mokena, Illinois, near major traffic routes.
      19150 S 88th Ave, Mokena, IL 60448
      View Details
    • $398,000
      8,000 SF

      Mokena Office Condo For Sale

      Office condo near I-80, LaGrange Rd, and Metro station.
      9980 190th Street Unit A, Mokena, IL 60448
      View Details
    • $1,487,500
      510 SF

      New 7-Brew Investment Property

      Newly built, freestanding 7-Brew in Mokena, Illinois for sale.
      11385 W Lincoln Hwy, Mokena, IL 60448
      View Details
    • Contact for pricing
      153,000 SF

      Proposed Industrial Building For Sale

      Proposed 153,000 sq ft industrial building for sale.
      W. 191st St., Mokena, IL 60448
      View Details
    • $2,699,000
      7,613 SF

      Retail/Office Building on US Route

      7,613 SF retail/office building with high-end buildout for sale.
      19214 S La Grange Rd, Mokena, IL
      View Details
    • $398,000
      1,990 SF

      Mokena Office Unit For Sale

      Office unit with existing lease and convenient access.
      9980 190th St, Mokena, IL 60448
      View Details
    • $10,920,000
      100,000 SF

      Mokena Industrial Property For Sale

      100,000 SF industrial property with convenient I-80 access.
      18761 S 90th Ave, Mokena, IL
      View Details

    FAQs

    What type of property is this?
    Turn key restaurant - Turnkey restaurant with catering brands and loyal customer base.
    Where is this turn key restaurant located?
    The property is located at 19901 Wolf Road unit D Mokena, IL.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Turnkey business with established reputation and proven profitability; Includes two established catering brands (Italian and Mexican) with guaranteed daily orders; Balanced work‑life schedule with Monday‑Friday daytime operating hours
    (815) 553-2411
    We can help!
    Listing Contact
    Leah Erickson
    Leah Erickson
    Real Estate License ID: 475204597
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!