Your AI Navigator in Commercial Real Estate
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

    9860 Clearvue Ct Mokena, IL 60448

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $9 SF/Yr

    Industrial property in a thriving commercial area with ample parking.

    Property size:
    39,816 SF
    Lot size:
    2.73 Acres

    Property Features for 9860 Clearvue Ct

    General Information

    Size
    39,816 SF
    Lot size
    2.73 Acres

    We can help!

    Listing Contact
    Steve Cioromski
    Source: Moodyscre

    Listing Agent: Steve Cioromski

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mokena Industrial Space For Rent

    This industrial property, offering 39816 square feet of space, is available for rent. The building features a modern and professional design with a spacious interior layout. Located in a thriving commercial area, the property benefits from high visibility and easy access to major transportation routes. Ample parking is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Elfco Inc Fastener Supplier Colony Hardware Corporation Hardware Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mokena
    County
    Will
    State
    Illinois
    Longitude
    -87.8581139
    Latitude
    41.5410125

    Nearby Similar for Lease

    • Contact for pricing

      Updated Office Space in Mokena

      Well-maintained office building with updated atrium and functional layout.
      18927 Hickory Creek Dr, Mokena, IL 60448
      View Details
    • Contact for pricing

      Mokena Industrial Space Available Now

      1,600 SF industrial space for rent in Mokena, Illinois.
      10810 Walnut Ln, Mokena, IL 60448
      View Details
    • New
      Contact for pricing

      Bright Corner Office in Mokena

      Private corner office with natural light, utilities included, convenient location.
      19027 S Jodi Rd, Mokena, IL 60448
      View Details
    • New
      Contact for pricing

      Private Office Space in Mokena

      266 SF office space with shared amenities, convenient location.
      19027 S Jodi Rd, Mokena, IL 60448
      View Details
    • Contact for pricing
      152,460 SF

      Class A Office Building

      Three-story office building near I-80 and commuter train.
      19065 S Hickory Creek Dr, Mokena, IL 60448
      View Details
    • Contact for pricing
      152,460 SF

      Class A Office Building

      Three-story office building near I-80 and commuter train.
      19065 S Hickory Creek Dr, Mokena, IL 60448
      View Details
    • $8 SF/Yr
      44,000 SF

      Old LaGrange Road Center Spaces

      Modern flex space, I-80 Corridor. Ideal for retail or office.
      19081 Old Lagrange Rd, Mokena, IL 60448
      View Details
    • $15 SF/Yr
      30,000 SF

      Mokena Office Space - 3,300 SF

      Prime Mokena office with warehouse space. Ideal for single tenant.
      9700 Mokena Il 60448, Mokena, IL 60448
      View Details
    • $457 /Mo
      3,120 SF

      Mokena Office Space for Lease

      Prime Mokena Office, Affordable Rates
      19027 Jodi Rd, Mokena, IL 60448
      View Details
    • Contact for pricing
      1,800 SF

      Retail Outparcel in Mokena, IL

      Newly developed retail space with high visibility and strong co-tenants.
      11325-11375 W Lincoln Hwy, Mokena, IL 60448
      View Details
    • Contact for pricing

      Mokena Warehouse Unit For Lease

      3200 sqft warehouse unit in newer industrial building.
      18781 S 90Th Ave, Mokena, IL 60448
      View Details
    • Contact for pricing
      946 SF

      Meijer In-Store Retail Space

      Prime Midwest Retail Space Available
      11305 Lincoln Hwy, Mokena, IL 60448
      View Details

    FAQs

    What type of property is this?
    Industrial property - Industrial property in a thriving commercial area with ample parking.
    Where is this industrial property located?
    The property is located at 9860 Clearvue Ct Mokena, IL.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: - High visibility location; - Located in a thriving commercial area; - Easy access to major transportation routes
    (773) 792-3000
    Request Owner's contact information
    9860 Clearvue Ct Mokena, IL 60448
    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.
    9860 Clearvue Ct
    Mokena, IL 60448
    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
    9860 Clearvue Ct Mokena, IL 60448
    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
    Steve Cioromski
    (773) 792-3000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.