Remodeled Office Condo For
24020 W Riverwalk Court #114 Plainfield, IL 60544
24020 W Riverwalk Court #114, Plainfield, IL, 60544
$649,000
For Sale
$649,000
Impeccably remodeled office condo in Plainfield's Riverwalk Court.
Property Size1,816 SF
Price / SF$357.38
Days on Market252
Property Features for 24020 W Riverwalk Court #114
General Information
- Standard status
- Active
- Size
- 1,816 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2007
Listing Agency
COLDWELL BANKER REALTY
(773) 631-8300
Listed by
JASON DECARLO
Source
Corcoran
Added: Nov 11, 2025 Updated: Jul 6 at 10:03 am Checked: Jul 19 at 4:49 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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This remodeled 1,816 square foot office condo is located in the Riverwalk Court Professional Center in Plainfield. The first-floor professional suite has been upgraded with high-end finishes. The interior includes nine private offices, a large conference room with a 75-inch smart TV and AV system, a reception area, a kitchenette with a full-size refrigerator and microwave, a private restroom, and storage. The property features CAT-5 wiring, custom lighting, glass accents, and contemporary flooring. The location is just off Plainfield-Naperville Road, minutes from Route 59, Downtown Plainfield, and I-55. There is ample parking at a ratio of 6.7 spaces per 1,000 square feet. Neighboring tenants include medical, dental, and therapy offices. The association covers exterior maintenance, landscaping, snow removal, and common areas. This property is suitable for medical, legal, financial, or executive office users.
Key Highlights
- Impeccably remodeled with over $200,000 in high‑end upgrades
- Move‑in‑ready, modern professional suite suitable for medical, legal, financial, or executive office users
- Prime location off Plainfield‑Naperville Rd, minutes from Route 59, Downtown Plainfield, and I‑55
Local Financial Insights For Healthcare Medical
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 | $46.9k | $25.80 |
| − Vacancy | −$5.9k | −$3.23 |
| EGI | $41.0k | $22.58 |
| − OpEx | −$16.4k | −$9.03 |
| NOI | $24.6k | $13.55 |
1,816 SF · lease $25.80/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$351.4K
$307.5K – $410.0K
NOI $24,598 @ 7.0% cap · market cap 3.79%
Second Best
Office B
$311.7K
$272.7K – $363.6K
NOI $21,816 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$411.9K
$360.4K – $480.5K
NOI $28,831 @ 7.0% cap · market cap 4.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Chicago Dental Implants: ...
Dental Office
Chicago Dental Implants ...
Dental Office
Neville Engineering Services, ...
Engineering Consultant
Shah-Rhodes Sonal MD
Physician
HealthSource Chiropractic of Plainfield
Alternative Medicine Practice
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FAQs
What type of property is this?
Office units - Impeccably remodeled office condo in Plainfield's Riverwalk Court.
Where is this office units located?
The property is located at 24020 W Riverwalk Court #114 Plainfield, IL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Impeccably remodeled with over $200,000 in high‑end upgrades; Move‑in‑ready, modern professional suite suitable for medical, legal, financial, or executive office users; Prime location off Plainfield‑Naperville Rd, minutes from Route 59, Downtown Plainfield, and I‑55
