Mokena Commercial Property For
19150 S 88th Ave, Mokena, IL 60448
For Sale
Contact for pricing
High-visibility commercial property in Mokena, Illinois, near major traffic routes.
Property Size7,407 SF
Price / SF$425.27
Days on Market364
Property Features for 19150 S 88th Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Patrick R. Luther, CCIM · License #01912215
(480) 221-4221
Source:
Crexi
Added: Nov 11, 2025
Changed: Nov 7
Last Checked: Nov 8 at 9:23AM
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 SRS Real Estate Partners Newport Beach
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located on S. 88th Ave with a traffic volume of 6,900 vehicles per day, between 192nd St and W. 191st St, which sees 15,500 vehicles per day, this property benefits from significant visibility and accessibility. It is situated minutes from US-45, with 49,800 vehicles per day, and I-80, with 102,900 vehicles per day. The surrounding area includes established residential neighborhoods and several schools, contributing to a consistent demand for therapy services. The property is near Brookside Marketplace, a Target-anchored center with over 5.9 million annual visits, ranking in the 94th percentile in Illinois. Nearby centers such as Mokena Town Square and Hickory Creek Marketplace further enhance foot traffic and long-term value. Located within the Chicago MSA, which has a population of 9.3 million and is home to over 30 Fortune 500 companies, the property benefits from strong demographics, infrastructure, and real estate fundamentals. The 5-mile trade area includes over 152,100 residents and 71,900 employees, with average household incomes exceeding $140,000. The property size is 7,407 square feet.
Key Highlights
- High‑traffic location with excellent visibility: S. 88th Ave (6,900 VPD) near 192nd St and W. 191st St (15,500 VPD), and close to US‑45 (49,800 VPD) and I‑80 (102,900 VPD).
- Located near Brookside Marketplace (Target‑anchored center with 5.9M+ annual visits) and other shopping centers, enhancing foot traffic.
- Strong demographics in the 5‑mile trade area: 152,100+ residents, 71,900 employees, and average household incomes exceeding $140,000.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,982
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,779,640
$1.8M
Cap Rate 7%
$1,271,171
$1.3M
Cap Rate 9%
$988,689
$988.7K
Market Conditions
NOI Build-Up for 7,407 SF
Gross rent
$167.1K $22.56/SF
− Vacancy
−$48.5K −$6.54/SF
EGI
$118.6K $16.02/SF
− OpEx
−$29.7K −$4.00/SF
NOI
$89.0K $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%
$1,779,640
Cap Rate 7%
$1,271,171
Cap Rate 9%
$988,689
Alternative Uses
Best Use
Office B
$1.27M
$1.11M – $1.48M
NOI $88,982 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,594 @ 7.0% cap · market cap 3.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
Explore this area
Business Placement
Demographics for 60448, IL
25,512
Population
9,196
Households
2.8
Avg Household Size
43
Median Age
43%
College-Educated
98%
High-School Grad
18.3 sq mi
ZIP Area
1,394
Density / Sq Mi
$126,483
Median Household Income
$56,490
Median Earnings
$1,400
Median Rent
$369,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Will County, IL
Properties on Market for Office buildings in Will County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - High-visibility commercial property in Mokena, Illinois, near major traffic routes.
Where is this office building located?
The property is located at 19150 S 88th Ave Mokena, IL.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: High‑traffic location with excellent visibility: S. 88th Ave (6,900 VPD) near 192nd St and W. 191st St (15,500 VPD), and close to US‑45 (49,800 VPD) and I‑80 (102,900 VPD).; Located near Brookside Marketplace (Target‑anchored center with 5.9M+ annual visits) and other shopping centers, enhancing foot traffic.; Strong demographics in the 5‑mile trade area: 152,100+ residents, 71,900 employees, and average household incomes exceeding $140,000.
