Office Building with Basement
For Sale
$419,000
16214 S Lincoln Highway, Plainfield, IL 60586
Driveway connections serve both Lincoln Highway and Lily Cache Road.
Property Size1,912 SF
Lot Size0.53 Acres
Price / SF$219.14
Days on Market8
Property Features for 16214 S Lincoln Highway
General Information
Standard status
Active
Size
1,912 SF
Lot size
0.53 Acres
Property subtype
Commercial
Zoning
COMMR
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$6,060
Amenities
kitchen/break room
conference areas
private offices
basement storage
fiberoptic internet
Building Details
Building Size
1,912 SF
Year Renovated
1998
Buildings
1
Stories
1
Units
1
Listing Agency:
RE/MAX Professionals Select
Listed By:
Jennifer Conte · License #471007847
(630) 904-6400
Source:
Fishmangroup
Added: Oct 22
Changed: Oct 28
Last Checked: Oct 26 at 3:53AM
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 Professionals Select
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Investment Insights
Based on property information with market context.
This office property has 1,912 square feet of finished main-level space on a 0.53-acre parcel, plus a partial basement for storage and laundry. The layout includes three private offices, open work or meeting areas, two restrooms, and a kitchen and break room. The building has central air conditioning, boiler heat, 200-amp electrical service with a generator sub-panel, city water and sewer, and a hardwired Metronet fiber connection. Its exterior combines vinyl siding and a partial brick front, with vinyl windows. Electrical and plumbing systems were replaced during the 1998 commercial conversion.
Driveway access is available from Lincoln Highway and Lily Cache Road, with I-55 and its eastbound and westbound ramps 0.25 mile away. The asphalt parking area accommodates 12+ cars. Asbestos-containing pipe remains wrapped in the basement ceiling, and original asbestos siding is encapsulated beneath foam insulation and vinyl siding.
Driveway access is available from Lincoln Highway and Lily Cache Road, with I-55 and its eastbound and westbound ramps 0.25 mile away. The asphalt parking area accommodates 12+ cars. Asbestos-containing pipe remains wrapped in the basement ceiling, and original asbestos siding is encapsulated beneath foam insulation and vinyl siding.
Key Highlights
- 1,912 square feet of finished main‑level office space on a 0.53‑acre lot
- Three private offices, open work areas, two restrooms, and a kitchen/break room
- Partial basement provides storage and laundry space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,969
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,380
$459.4K
Cap Rate 7%
$328,129
$328.1K
Cap Rate 9%
$255,211
$255.2K
Market Conditions
NOI Build-Up for 1,912 SF
Gross rent
$43.1K $22.56/SF
− Vacancy
−$12.5K −$6.54/SF
EGI
$30.6K $16.02/SF
− OpEx
−$7.7K −$4.00/SF
NOI
$23.0K $12.01/SF
Area
Will County, IL
Vacancy
29.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,380
Cap Rate 7%
$328,129
Cap Rate 9%
$255,211
Alternative Uses
Best Use
Office B
$328.1K
$287.1K – $382.8K
NOI $22,969 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$433.6K
$379.4K – $505.9K
NOI $30,355 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
Explore this area
Business Placement
Demographics for 60586, IL
47,212
Population
14,536
Households
3.2
Avg Household Size
35
Median Age
36%
College-Educated
93%
High-School Grad
17.5 sq mi
ZIP Area
2,698
Density / Sq Mi
$122,963
Median Household Income
$53,067
Median Earnings
$2,159
Median Rent
$298,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Driveway connections serve both Lincoln Highway and Lily Cache Road.
Where is this office building located?
The property is located at 16214 S Lincoln Highway Plainfield, IL.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: 1,912 square feet of finished main‑level office space on a 0.53‑acre lot; Three private offices, open work areas, two restrooms, and a kitchen/break room; Partial basement provides storage and laundry space
