Mixed-Use Property with
For Sale
$750,000
21926 W Taylor Road, Plainfield, IL 60544
Combination of residential, storage, warehouse, and fenced-yard improvements with access from two roads.
Property Size5,200 SF
Lot Size2.40 Acres
Days on Market76
Property Features for 21926 W Taylor Road
General Information
Standard status
Active
Size
5,200 SF
Lot size
2.40 Acres
Property subtype
Industrial
Zoning
I-1
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Units
Unit Mix
1 x 2B/1B
Multifamily Units
2
Additional Details
Warehouse Space
3,024 SF
Building Details
Building Size
5,200 SF
Year Built
1948
Tenancy
Multi
Listed By:
Karen Kulczycki, CCIM, SIOR · License #IL #471020279
(630) 330-3352
Source:
Svn
Added: Aug 2
Changed: Oct 7
Last Checked: Oct 16 at 7:40AM
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 Karen Kulczycki, CCIM, SIOR
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Investment Insights
Based on property information with market context.
This mixed-use property combines residential accommodations with warehouse and outdoor storage improvements on approximately 2.4 acres. The improvements include a 900 SF two-bedroom, one-bath home with yard, a detached two-car garage, a 575 SF mobile home, a 3,024 SF storage building, and a 1,250 SF Quonset hut with yard. The residence has received updates including flooring, paint, a front window, porch railing, a water softener, furnace, water heater, and yard fencing.
The property fronts West Taylor Road for 449 feet with two curb cuts and has 265 feet of frontage on Old Butler Road with one curb cut. Interstate 55 is less than one mile away. The warehouse component is zoned I-1, identified as a Limited Industrial District, and the property is located in unincorporated Plainfield, Illinois.
The property is currently leased through June 2027 with three sublessee tenants. A cell tower is excluded from the offering.
The property fronts West Taylor Road for 449 feet with two curb cuts and has 265 feet of frontage on Old Butler Road with one curb cut. Interstate 55 is less than one mile away. The warehouse component is zoned I-1, identified as a Limited Industrial District, and the property is located in unincorporated Plainfield, Illinois.
The property is currently leased through June 2027 with three sublessee tenants. A cell tower is excluded from the offering.
Key Highlights
- Approximately 2.4‑acre mixed‑use property with residential, warehouse, storage, and yard improvements
- 900 SF 2B/1B residential home with yard and a detached 2‑car garage
- 3,024 SF storage unit and 1,250 SF Quonset hut with yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,324
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,206,480
$1.2M
Cap Rate 7%
$861,771
$861.8K
Cap Rate 9%
$670,267
$670.3K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$117.9K $22.68/SF
− Vacancy
−$8.3K −$1.59/SF
EGI
$109.7K $21.09/SF
− OpEx
−$49.4K −$9.49/SF
NOI
$60.3K $11.60/SF
Area
Will County, IL
Vacancy
7.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,206,480
Cap Rate 7%
$861,771
Cap Rate 9%
$670,267
Alternative Uses
Best Use
Mixed Use
$1.13M
$987.2K – $1.32M
NOI $78,975 @ 7.0% cap · market cap 10.53%
Second Best
Apartment 5plus
$861.8K
$754.1K – $1.01M
NOI $60,324 @ 7.0% cap · market cap 8.04%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,555 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
Explore this area
Business Placement
Demographics for 60544, IL
27,680
Population
10,553
Households
2.6
Avg Household Size
41
Median Age
43%
College-Educated
96%
High-School Grad
24.2 sq mi
ZIP Area
1,144
Density / Sq Mi
$108,447
Median Household Income
$59,601
Median Earnings
$1,809
Median Rent
$311,700
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Combination of residential, storage, warehouse, and fenced-yard improvements with access from two roads.
Where is this mixed-use property located?
The property is located at 21926 W Taylor Road Plainfield, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Approximately 2.4‑acre mixed‑use property with residential, warehouse, storage, and yard improvements; 900 SF 2B/1B residential home with yard and a detached 2‑car garage; 3,024 SF storage unit and 1,250 SF Quonset hut with yard
