Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    4998 Theodore St, Unit 16 Plainfield, IL 60586

    Sponsored
    For Lease
    Contact for pricing

    COMMERCIAL - Plainfield, IL

    Type:Retail
    Days on Market:
    92
    Last Refresh:
    Feb 22 at 4:06 am

    Property Features for 4998 Theodore St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2002
    Floors in Building
    1
    Number of units
    19

    We can help!

    Listing Contact
    Laura Tomsa

    Brummel Properties, Inc. (630) 551-8005

    Listing agent Laura Tomsa (630) 347-3207

    Listing date Nov 23, 2025

    MLS# 12519213

    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.

    Learn more

    Property Insight Report

    Overview

    Salon Suite in Plainfield

    Located in Plainfield, this property offers salon suites within a building surrounded by landscaping. Unit 16, an 81-square-foot space, has been built out as a hair salon. A full-service lease with a minimum one-year term is required. The building features a lobby, complimentary washer and dryer, and a lower-level lounge area with a lounge and conference table. Each suite includes an exhaust fan and plumbing, with options for a shampoo bowl, chair, and sink for hairdressers, or a cabinet and sink for other services. Customization of the suite's interior is available. The suites are suitable for hairdressing, nail tech services, aesthetician services, eyelash extensions, waxing, massage therapy, skin rejuvenation services, chiropractor services, teeth whitening, med spa services, acupuncture, and cupping practitioners, among other uses. The space can also be adapted for other office suite uses, private practices, CPA, attorney, mortgage lender, counselor, and therapist.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rising Radiants Hair ... Hair Salon Microblading & Permanent Makeup ... Medical Clinic NaiLux INC - Nail ... Nail Salon Lux Eye Studio Hair Salon Authentic Scalp Micropigmentation Hair Salon

    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
    -88.2043161
    Latitude
    41.5502895

    Nearby Similar for Lease

    • New
      Contact for pricing

      Plainfield Industrial Space with Truck Dock

      2500 SF industrial space with offices and truck dock.
      12137 Rhea Dr, Plainfield, IL 60585
      View Details
    • Contact for pricing

      Salon Suites in Plainfield

      Premier salon suites available for various business uses.
      4998 Theodore St, Plainfield, IL 60586
      View Details
    • Contact for pricing
      6,534 SF

      Downtown Plainfield Office Suites Available

      Renovated office suites in downtown Plainfield with high foot traffic.
      24215 W Lockport St, Plainfield, IL 60544
      View Details
    • Contact for pricing
      6,534 SF

      Downtown Plainfield Office Suites Available

      Renovated office suites for rent in downtown Plainfield.
      24215 W Lockport St, Plainfield, IL 60544
      View Details
    • Contact for pricing

      Salon Suites in Plainfield

      Premier salon suites available for rent in Plainfield, Illinois.
      4998 Theodore St, Plainfield, IL 60586
      View Details
    • $20 SF/Yr
      55,073 SF

      Retail Center on Route 59

      Multi-tenant retail center in Plainfield's commercial corridor.
      12337 Route 59 S, Plainfield, IL 60585
      View Details
    • $6 SF/Yr
      5,442 SF

      Plainfield Office Space Solutions

      Flexible workspaces, various sizes.
      7000 Caton Farm Rd, Plainfield, IL 60586
      View Details
    • Contact for pricing
      109,000 SF

      Corner Industrial Building with Visibility

      Industrial building with high visibility, trailer parking, and heavy power.
      14110 Route 59 S, Plainfield, IL 60544
      View Details
    • Contact for pricing
      222,892 SF

      Prime Plainfield Retail Space

      Huge former Walmart, 222,892 SF
      12690 Route 59, Plainfield, IL 60585
      View Details
    • $17 SF/Yr
      8,484 SF

      Crossroads Plaza: Plainfield Retail Center

      Prime Plainfield retail space available.
      7126-7180 Caton Farm Rd, Plainfield, IL 60585
      View Details
    • Contact for pricing
      18,536 SF

      Plainfield Industrial Space For Lease

      Industrial space available for lease in Plainfield, Illinois.
      23838 W Industrial Dr N, Plainfield, IL 60585
      View Details
    • $24 SF/Yr
      2,859 SF

      Turnkey Culinary Facility in Plainfield

      Fully built-out commercial kitchen available for lease in Plainfield, Illinois.
      12315 Rhea Dr, Plainfield, IL 60585
      View Details

    FAQs

    What type of property is this?
    Retail space - Premier salon suites with amenities and customization options available for rent.
    Where is this retail space located?
    The property is located at 4998 Theodore St, Unit 16 Plainfield, IL.
    What are key features of this property?
    This property features: - Fully equipped salon suites featuring exhaust fan and plumbing; options for hairdressers include shampoo bowl, chair, and sink, while other services benefit from a cabinet and sink.; - Full-service lease simplifies operations with all installations covered in the inclusive price.; - Versatile space ideal for various businesses beyond salon services, such as office suites, private practices, and medical services.
    (630) 347-3207
    Request Owner's contact information
    4998 Theodore St, Unit 16 Plainfield, IL 60586
    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.
    4998 Theodore St, Unit 16
    Plainfield, IL 60586
    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
    4998 Theodore St, Unit 16 Plainfield, IL 60586
    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

    We can help!
    Listing Contact
    Laura Tomsa
    Real Estate License ID: 471016446
    (630) 347-3207 (630) 551-8005
    Learn more
    Google sign-in failed. Please try again or use another login method.