Versatile Office Building with
16214 S Lincoln Highway Plainfield, IL 60586
New
16214 S Lincoln Highway, Plainfield, IL, 60586
$419,000
For Sale
$419,000
COMMERCIAL - Plainfield, IL
Property Size1,900 SF
Lot Size0.53 Acres
Price / SF$220.53
Days on Market3
Property Features for 16214 S Lincoln Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- COMMR
- Standard status
- Active
- APN
- 0603233000540000
- Lot size
- 0.53 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6060
Utilities
- Utilities
- Water Available
- Cooling system
- Central Air
Building Details
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Carpet, Concrete
- Building materials
- Brick, Block, Vinyl Siding
- Roof type
- Composition
Listing Agency
RE/MAX Professionals Select
(630) 904-6400
2272 95th St., Suite 200, Naperville, IL
Listed by
Jennifer Conte · License #471007847
(630) 904-6400
Added: Jul 15 Checked: Jul 17 at 4:06 am
MLS# 12694120
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 versatile commercial office building offers finished main-level office space along with a partial basement for additional storage. The interior layout includes multiple open work or conference areas, three private offices, two restrooms, and a spacious eat-in kitchen/break room with a full-size refrigerator and electric stove. Electrical and plumbing systems were replaced during the 1998 conversion to commercial use, with a 200-amp service and existing light fixtures wired for LED service. The partial basement supports storage needs for files, equipment, supplies, and laundry.
The property sits on a 0.53-acre lot with an asphalt parking area for 12+ cars. Driveway access is available from both Lincoln Highway and Lily Cache Roads, approximately 0.25 mile to I-55, with eastbound and westbound entrance and exit ramps.
Additional infrastructure includes central AC and efficient boiler heat. Exterior improvements include vinyl siding with partial brick at the front and vinyl windows, and the property is described as having mostly no-maintenance exterior. City water and sewer services are connected, and the building is hardwired for Metronet fiberoptic internet service. Please note the presence of encapsulated asbestos materials in the basement ceiling and siding under foam insulation.
The property sits on a 0.53-acre lot with an asphalt parking area for 12+ cars. Driveway access is available from both Lincoln Highway and Lily Cache Roads, approximately 0.25 mile to I-55, with eastbound and westbound entrance and exit ramps.
Additional infrastructure includes central AC and efficient boiler heat. Exterior improvements include vinyl siding with partial brick at the front and vinyl windows, and the property is described as having mostly no-maintenance exterior. City water and sewer services are connected, and the building is hardwired for Metronet fiberoptic internet service. Please note the presence of encapsulated asbestos materials in the basement ceiling and siding under foam insulation.
Key Highlights
- B3‑zoned commercial building with over 1,900 SF of finished main‑level office space plus substantial basement storage
- 0.53‑acre lot with asphalt parking for 12+ cars and driveway access from both Lincoln Highway & Lily Cache Roads
- About 0.25 mile to I‑55 with both eastbound and westbound entrance/exit ramps
Local 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 | $42.9k | $22.56 |
| − Vacancy | −$12.4k | −$6.54 |
| EGI | $30.4k | $16.02 |
| − OpEx | −$7.6k | −$4.00 |
| NOI | $22.8k | $12.01 |
1,900 SF · lease $22.56/SF/yr · vacancy 29.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$326.1K
$285.3K – $380.4K
NOI $22,825 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$430.9K
$377.1K – $502.7K
NOI $30,164 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hansers Trucking LLC
Trucking Company
Hannic Inc
Trucking Company
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Office building with multiple private offices, restrooms, break room, and basement storage on a paved parking lot.
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: B3‑zoned commercial building with over 1,900 SF of finished main‑level office space plus substantial basement storage; 0.53‑acre lot with asphalt parking for 12+ cars and driveway access from both Lincoln Highway & Lily Cache Roads; About 0.25 mile to I‑55 with both eastbound and westbound entrance/exit ramps
