Versatile Commercial Property For
2304 Plainfield Road Crest Hill, IL 60403
2304 Plainfield Road, Crest Hill, IL, 60403
Contact for pricing
For Sale
Contact for pricing
Pending
High-visibility commercial property with office and industrial space for sale.
Property Size4,815 SF
Days on Market62
Property Features for 2304 Plainfield Road
General Information
- Standard status
- Pending
- Size
- 4,815 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1970
Listing Agency
Vylla
(877) 330-2773
Listed by
Robert Miller · License #475.133786
Source
Crexi
Added: May 18 Checked: Jul 17 at 9:10 am
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 Vylla
Investment Insights
Based on property information with market context.
This commercial property offers a versatile space that integrates a professional office environment with industrial utility. The modern interior includes a reception hall, private executive offices, a conference room, and an ADA-compliant restroom. The property also features a dual-garage setup and industrial storage space. A new roof has been installed. The property is located on a high-traffic commercial corridor with high visibility, with over 131,000 vehicles passing by weekly, and is situated near the I-55 interchange. It includes ample parking with 11+ spaces and pylon signage. The property is suitable for law firms, insurance agencies, medical consultants, creative studios, HVAC, plumbing, or electrical contractors, landscaping firms, e-commerce fulfillment, or automotive detailing. It is also suitable for specialty retail, medical clinics, or fleet operations. The property has a total size of 4815 square feet.
Key Highlights
- High‑traffic location on Plainfield Road with over 131,000 vehicles passing by weekly, providing exceptional exposure.
- Versatile space suitable for both professional office and industrial uses, accommodating a wide range of businesses.
- Minutes from the I‑55 interchange, offering convenient access and transportation.
Local Financial Insights For Warehouse
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 | $31.2k | $6.48 |
| − Vacancy | −$1.6k | −$0.33 |
| EGI | $29.6k | $6.15 |
| − OpEx | −$4.4k | −$0.92 |
| NOI | $25.2k | $5.23 |
4,815 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%
Alternative Uses
Best Use
Mixed Use
$1.04M
$914.1K – $1.22M
NOI $73,128 @ 7.0% cap · market cap 18.76%
Second Best
Office B
$826.3K
$723.1K – $964.1K
NOI $57,844 @ 7.0% cap · market cap 14.84%
Theoretical Best
Office A
$1.09M
$955.5K – $1.27M
NOI $76,443 @ 7.0% cap · market cap 19.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Mixed-use property - High-visibility commercial property with office and industrial space for sale.
Where is this mixed-use property located?
The property is located at 2304 Plainfield Road Crest Hill, IL.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: High‑traffic location on Plainfield Road with over 131,000 vehicles passing by weekly, providing exceptional exposure.; Versatile space suitable for both professional office and industrial uses, accommodating a wide range of businesses.; Minutes from the I‑55 interchange, offering convenient access and transportation.
