Mixed-Use Property with
For Sale
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21 E ROMEO Road, Romeoville, IL 60446
A ranch-style residence and climate-controlled shop share a site with substantial vehicle and equipment parking.
Property Size3,092 SF
Price / SF$0.00
Days on Market28
Property Features for 21 E ROMEO Road
General Information
Standard status
Active
Size
3,092 SF
Property subtype
Business
Building Details
Year Built
1956
Listing Agency:
Century 21 Circle
(815) 730-1199
Listed By:
Ken Thomson · License #475109316
(708) 398-6400
Source:
Helenoliveri
Added: Oct 3
Changed: Oct 30
Last Checked: Oct 28 at 3:13PM
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 Century 21 Circle
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Investment Insights
Based on property information with market context.
Set on 0.83 acres in Romeoville, this mixed-use property combines a ranch-style residence with a separate custom-built shop. The home offers 1,592 square feet, a flexible four- or five-bedroom layout that can also serve as office space, and two full bathrooms. A 625-square-foot garage has heating, air conditioning, a tool crib, storage room, and restroom. The approximately 1,500-square-foot shop has a 12-foot ceiling, a 9-by-10-foot overhead door, water, heating and air conditioning, a dedicated 200-amp panel, and 220-volt service. Its insulated 2-by-6 frame construction has plywood interior and exterior surfaces beneath metal siding. The home has laminate flooring, ceramic tile in the bathrooms, updated HVAC, and newer appliances; it was remodeled in the 1980s.
Parking includes space for 10 vehicles beside the shop and a 48-by-126-foot rear gravel area that accommodates more than 25 additional vehicles or equipment. The property shares a gravel driveway from Romeo Road and is in a mixed-use area. Trucking and logistics uses are not allowed.
Parking includes space for 10 vehicles beside the shop and a 48-by-126-foot rear gravel area that accommodates more than 25 additional vehicles or equipment. The property shares a gravel driveway from Romeo Road and is in a mixed-use area. Trucking and logistics uses are not allowed.
Key Highlights
- 0.83‑acre mixed‑use property in Romeoville
- 1,592‑square‑foot home with a four- or five‑bedroom layout, two full bathrooms, and updated HVAC
- Approximately 1,500‑square‑foot shop with 12‑foot ceiling and 9‑by‑10‑foot rear overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,162
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,240
$323.2K
Cap Rate 7%
$230,886
$230.9K
Cap Rate 9%
$179,578
$179.6K
Market Conditions
NOI Build-Up for 3,092 SF
Gross rent
$20.0K $6.48/SF
− Vacancy
−$1.0K −$0.33/SF
EGI
$19.0K $6.15/SF
− OpEx
−$2.9K −$0.92/SF
NOI
$16.2K $5.23/SF
Area
Will County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,240
Cap Rate 7%
$230,886
Cap Rate 9%
$179,578
Alternative Uses
Best Use
Mixed Use
$670.9K
$587.0K – $782.7K
NOI $46,960 @ 7.0% cap · market cap 313,066.67%
Second Best
Office B
$530.6K
$464.3K – $619.1K
NOI $37,145 @ 7.0% cap · market cap 247,633.33%
Theoretical Best
Office A
$701.3K
$613.6K – $818.2K
NOI $49,089 @ 7.0% cap · market cap 327,260.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
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Business Placement
Demographics for 60446, IL
40,465
Population
13,986
Households
2.9
Avg Household Size
36
Median Age
23%
College-Educated
84%
High-School Grad
19.5 sq mi
ZIP Area
2,075
Density / Sq Mi
$99,461
Median Household Income
$41,908
Median Earnings
$1,894
Median Rent
$245,100
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ranch-style residence and climate-controlled shop share a site with substantial vehicle and equipment parking.
Where is this mixed-use property located?
The property is located at 21 E ROMEO Road Romeoville, IL.
What are key features of this property?
This property features: 0.83‑acre mixed‑use property in Romeoville; 1,592‑square‑foot home with a four- or five‑bedroom layout, two full bathrooms, and updated HVAC; Approximately 1,500‑square‑foot shop with 12‑foot ceiling and 9‑by‑10‑foot rear overhead door
