Log Cabin Office
For Sale
$459,999
16143 S Lincoln Highway, Plainfield, IL 60544
COMMERCIAL - Plainfield, IL
Property Size2,800 SF
Lot Size0.23 Acres
Price / SF$164.29
Days on Market377
Property Features for 16143 S Lincoln Highway
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
OFFIC
Directions
MAKE A RIGHT ON RT 59, RIGHT ON WOLF RD LEFT ON LILY CACHE LEFT ON 30, S LINCOLN HIGHWAY
Subdivision
Plainfield
Standard status
Active
APN
0603231090320000
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2022
Tax Annual Amount
5314
Utilities
Cooling system
Central Air
Amenities
dry storage basement
ample storage space
landscaping
Building Details
Year built
1939
Floors in Building
2
Listing Agency:
RE/MAX Ultimate Professionals · RE/MAX International
(815) 725-4545
Listed By:
Jose Mendez-Alvarado · License #475188407
(815) 725-4545
Added: Jul 25, 2025
Changed: Aug 4
Last Checked: Aug 5 at 6:06PM
MLS# 12429878
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.
Investment Insights
Based on property information with market context.
This office property comprises two buildings with more than 2,800 square feet of leasable space. The log cabin-style main structure has updated electrical service, HVAC, windows, interior and exterior paint, and a clean basement suitable for dry storage. The second building is separately metered and includes its own HVAC, new flooring, fresh paint, and additional storage. Together, the improvements provide approximately 10 private offices with capacity for multiple desks in each space.
The site encompasses 0.2339 acres and includes a private parking lot and seal-coated driveway. Exterior work includes landscaping, tree trimming, fresh mulch, and painted building walls. Drainage has been cleared and is functioning properly. A long-term tenant occupies the property under a 1-year lease, providing an existing occupancy arrangement. The property is zoned OFFIC and located in Plainfield, Illinois.
The site encompasses 0.2339 acres and includes a private parking lot and seal-coated driveway. Exterior work includes landscaping, tree trimming, fresh mulch, and painted building walls. Drainage has been cleared and is functioning properly. A long-term tenant occupies the property under a 1-year lease, providing an existing occupancy arrangement. The property is zoned OFFIC and located in Plainfield, Illinois.
Key Highlights
- More than 2,800 square feet of leasable office space across two buildings
- Approximately 10 private offices with room for multiple desks per space
- Main building features updated electrical, HVAC, windows, and interior and exterior paint
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 | $63.2k | $22.56 |
| − Vacancy | −$18.3k | −$6.54 |
| EGI | $44.8k | $16.02 |
| − OpEx | −$11.2k | −$4.00 |
| NOI | $33.6k | $12.01 |
2,800 SF · lease $22.56/SF/yr · vacancy 29.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$480.5K
$420.5K – $560.6K
NOI $33,637 @ 7.0% cap · market cap 7.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$635.0K
$555.7K – $740.9K
NOI $44,453 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
Explore this area
Business Placement
Demographics for 60544, IL
27,680
Population
10,553
Households
2.6
Avg Household Size
41
Median Age
43%
College-Educated
96%
High-School Grad
24.2 sq mi
ZIP Area
1,144
Density / Sq Mi
$108,447
Median Household Income
$59,601
Median Earnings
$1,809
Median Rent
$311,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two separately improved buildings offer private offices, storage, parking, and updated building systems.
Where is this office building located?
The property is located at 16143 S Lincoln Highway Plainfield, IL.
What is the asking price?
The asking price for this property is $459,999.
What are key features of this property?
This property features: More than 2,800 square feet of leasable office space across two buildings; Approximately 10 private offices with room for multiple desks per space; Main building features updated electrical, HVAC, windows, and interior and exterior paint
