Industrial Condo with Office
19229 Henry Drive, Mokena, IL 60448
New
COMMERCIAL - Mokena, IL
Type:Office
Property size:
3,200 SFLot size:
2.31 AcresPrice / SF:
$140/SF- Added:
- Jun 11, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 14 at 10:06 pm
Property Features for 19229 Henry Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- COMMR
- Standard status
- Active
- APN
- 1909101020371004
- Lot size
- 2.31 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4848
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 2000
- Floors in Building
- 1
- Number of units
- 6
- Flooring type
- Carpet, Concrete
- Building materials
- Concrete, Sheltered Porch
- Roof type
- Membrane
Listing agent Robert Grilli License #475179692 (312) 335-3291
Listing office Jameson Sotheby's Intl Realty 425 W. North Ave. suite 1, Chicago, IL (312) 751-0300
Listing date Jun 11, 2026
MLS# 12673972
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.
HighLights
- 3,200‑SF industrial condo built in 2000 with a 1,000‑SF office area and 2,200‑SF warehouse space
- Office features four private offices, kitchenette, half bath, and a wall of windows for natural light
- Warehouse includes 17‑ft ceilings, 12‑ft overhead drive‑in door, a second bathroom, and two skylights
- Fully sprinklered unit with separate HVAC systems for office and warehouse; newer office rooftop unit installed one year ago
- 200‑amp electrical service plus data and phone wiring throughout, with full security and fire alarm systems
- Roof is membrane; construction includes concrete with sheltered porch; association covers exterior maintenance, landscaping, snow removal, water, disposal, and rooftop HVAC filter changes
Overview
This industrial condo offers a combined office and warehouse layout with a connecting doorway between the professional front office area and the storage/work space. The office portion includes four private offices, a kitchenette, a half bathroom, and a wall of windows for natural light. The adjoining warehouse space is equipped with 17-foot ceilings, a 12-foot overhead drive-in door, a second bathroom, and two skylights to supplement interior lighting. The unit is fully sprinklered and features separate HVAC systems for the office and warehouse, including a newer office rooftop unit. Additional infrastructure includes 200-amp electrical service, data and phone wiring throughout, and full security and fire alarm systems, with concrete panel and masonry block construction.
The property is located in a commercial corridor and is identified under zoning COMMR. Exterior upkeep is supported by an association that provides exterior building maintenance, landscaping, snow removal, water service, disposal service, and rooftop HVAC filter changes. Two dedicated parking spaces are located directly in front of the unit, with additional parking available for employees and visitors.
Designed for owner-users who need both customer-facing space and practical warehouse capacity, this move-in-ready condo fits a range of uses that require office functionality and light industrial storage. The combination of private offices, natural light, drive-in access, and dedicated building systems supports day-to-day operations for a showroom, office headquarters, or similar business configuration.
The property is located in a commercial corridor and is identified under zoning COMMR. Exterior upkeep is supported by an association that provides exterior building maintenance, landscaping, snow removal, water service, disposal service, and rooftop HVAC filter changes. Two dedicated parking spaces are located directly in front of the unit, with additional parking available for employees and visitors.
Designed for owner-users who need both customer-facing space and practical warehouse capacity, this move-in-ready condo fits a range of uses that require office functionality and light industrial storage. The combination of private offices, natural light, drive-in access, and dedicated building systems supports day-to-day operations for a showroom, office headquarters, or similar business configuration.
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 | $72.2k | $22.56 |
| − Vacancy | −$20.9k | −$6.54 |
| EGI | $51.3k | $16.02 |
| − OpEx | −$12.8k | −$4.00 |
| NOI | $38.4k | $12.01 |
3,200 SF · lease $22.56/SF/yr · vacancy 29.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$549.2K
$480.5K – $640.7K
NOI $38,442 @ 7.0% cap · market cap 8.56%
Second Best
Retail
$432.0K
$378.0K – $504.0K
NOI $30,240 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$725.8K
$635.0K – $846.7K
NOI $50,803 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Grilli Construction
Construction Company
Location Insight
- Map
- Local Demand
- City
- Mokena
- County
- Will
- State
- Illinois
- Longitude
- -87.8452034
- Latitude
- 41.5401617
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Industrial condo with dedicated office space, 17-foot ceilings, and a drive-in door, suited for light industrial or showroom use.
Where is this flex space located?
The property is located at 19229 Henry Drive Mokena, IL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 3,200‑SF industrial condo built in 2000 with a 1,000‑SF office area and 2,200‑SF warehouse space; Office features four private offices, kitchenette, half bath, and a wall of windows for natural light; Warehouse includes 17‑ft ceilings, 12‑ft overhead drive‑in door, a second bathroom, and two skylights
