Log Cabin Style Office
16143 South Lincoln Highway Plainfield, IL 60544
For Sale
$484,999
Two separately metered office buildings include updated HVAC, new windows, private offices, and private parking.
Property Size2,846 SF
Price / SF$170.41
Days on Market449
Property Features for 16143 South Lincoln Highway
General Information
- Standard status
- Active
- Size
- 2,846 SF
- Property subtype
- Office
Building Details
- Year Built
- 1939
Listing Agency:
RE/MAX Ultimate Professionals
(630) 559-6688
Listed By:
Jose Mendez-Alvarado · License #475188407
(630) 559-6688
Source:
Xome
Added: May 3, 2025
Changed: Jul 23
Last Checked: Jul 24 at 5:06AM
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 RE/MAX Ultimate Professionals
Investment Insights
Based on property information with market context.
This log cabin style commercial property was originally built in 1938 and has been updated for modern office use. The main building includes new electrical with a modern panel and outlets, freshly painted interior and exterior surfaces, recently updated HVAC, and new windows. The basement is immaculately cleaned and presented as dry storage with no history of flooding. The rear building is separately metered and features its own HVAC system, new flooring, fresh paint, and ample storage space.
Together, the buildings are configured to provide approximately 10 private offices, with room for multiple desks per office depending on layout. Additional improvements mentioned include a seal coated driveway, a private parking lot, updated exterior paint and landscaping (including tree trimming and fresh mulch), cleaned and painted building walls, and drainage cleared and functioning properly.
A long-term tenant is in place on a 1-year lease, with current income noted as an existing consideration for buyers or investors.
Together, the buildings are configured to provide approximately 10 private offices, with room for multiple desks per office depending on layout. Additional improvements mentioned include a seal coated driveway, a private parking lot, updated exterior paint and landscaping (including tree trimming and fresh mulch), cleaned and painted building walls, and drainage cleared and functioning properly.
A long-term tenant is in place on a 1-year lease, with current income noted as an existing consideration for buyers or investors.
Key Highlights
- Over 2,800 SF of leasable office space across two log cabin‑style buildings
- Two separately metered buildings: main building plus rear building with its own HVAC
- Updated main building electrical with modern panel and outlets; freshly painted inside and out
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 | $64.2k | $22.56 |
| − Vacancy | −$18.6k | −$6.54 |
| EGI | $45.6k | $16.02 |
| − OpEx | −$11.4k | −$4.00 |
| NOI | $34.2k | $12.01 |
2,846 SF · lease $22.56/SF/yr · vacancy 29.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$488.4K
$427.4K – $569.8K
NOI $34,190 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$645.5K
$564.8K – $753.1K
NOI $45,183 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Illinois Credit Services
Financial Advisor
Farmers Insurance - Michael ...
Insurance Agency
Quick Weight Loss ...
Weight Loss Service
FAQs
What type of property is this?
Office building - Two separately metered office buildings include updated HVAC, new windows, private offices, and private parking.
Where is this office building located?
The property is located at 16143 South Lincoln Highway Plainfield, IL.
What is the asking price?
The asking price for this property is $484,999.
What are key features of this property?
This property features: Over 2,800 SF of leasable office space across two log cabin‑style buildings; Two separately metered buildings: main building plus rear building with its own HVAC; Updated main building electrical with modern panel and outlets; freshly painted inside and out
