Updated Mixed-Use
For Sale
Contact for pricing
11018 Front Street, Mokena, IL 60448
The C1-zoned unit is planned for new flooring, trim, doors, fresh paint, and two bathrooms.
Property Size2,050 SF
Price / SF$0.01
Days on Market25
Property Features for 11018 Front Street
General Information
Standard status
Active
Size
2,050 SF
Property subtype
Retail
Zoning
C1
Building Details
Year Built
1994
Listing Agency:
Jem Realty LLC
(708) 203-8544
Listed By:
Maria Cernauskas
(815) 469-6644
Source:
Helenoliveri
Added: Oct 8
Changed: Oct 28
Last Checked: Nov 1 at 1:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jem Realty LLC
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Investment Insights
Based on property information with market context.
This mixed-use commercial unit at 11018 Front Street is scheduled for interior updates, including new flooring, trim, doors, and paint, along with two bathrooms. Its layout is described as flexible for office or retail occupancy. The building was constructed in 1994.
The property is in Downtown Mokena’s business district, near the Metra station, restaurants, and shops. C1 zoning applies; prospective occupants should verify permitted uses with the Village of Mokena. Availability is planned for September 1, 2026, with an earlier date possible depending on the construction schedule.
The property is in Downtown Mokena’s business district, near the Metra station, restaurants, and shops. C1 zoning applies; prospective occupants should verify permitted uses with the Village of Mokena. Availability is planned for September 1, 2026, with an earlier date possible depending on the construction schedule.
Key Highlights
- Planned updates include new flooring, trim, doors, and fresh paint
- Two bathrooms
- C1 zoning; confirm permitted uses with the Village of Mokena
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,373
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,460
$387.5K
Cap Rate 7%
$276,757
$276.8K
Cap Rate 9%
$215,256
$215.3K
Market Conditions
NOI Build-Up for 2,050 SF
Gross rent
$30.8K $15.00/SF
− Vacancy
−$3.1K −$1.50/SF
EGI
$27.7K $13.50/SF
− OpEx
−$8.3K −$4.05/SF
NOI
$19.4K $9.45/SF
Area
Will County, IL
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,460
Cap Rate 7%
$276,757
Cap Rate 9%
$215,256
Alternative Uses
Best Use
Mixed Use
$444.8K
$389.2K – $518.9K
NOI $31,134 @ 7.0% cap · market cap 183,141.18%
Second Best
Retail
$276.8K
$242.2K – $322.9K
NOI $19,373 @ 7.0% cap · market cap 113,958.82%
Theoretical Best
Office A
$464.9K
$406.8K – $542.4K
NOI $32,546 @ 7.0% cap · market cap 191,447.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 90%
Dining 10%
Berkot's Super Foods
Groceries
21,293 visits/mo
0.4 miles
Aurelio's Pizza
Dining
2,305 visits/mo
0.3 miles
Demographics for 60448, IL
25,512
Population
9,196
Households
2.8
Avg Household Size
43
Median Age
43%
College-Educated
98%
High-School Grad
18.3 sq mi
ZIP Area
1,394
Density / Sq Mi
$126,483
Median Household Income
$56,490
Median Earnings
$1,400
Median Rent
$369,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The C1-zoned unit is planned for new flooring, trim, doors, fresh paint, and two bathrooms.
Where is this mixed-use property located?
The property is located at 11018 Front Street Mokena, IL.
What are key features of this property?
This property features: Planned updates include new flooring, trim, doors, and fresh paint; Two bathrooms; C1 zoning; confirm permitted uses with the Village of Mokena
