Office Unit
8507 West 191st Street Unit 25W, Mokena, IL 60448
For Sale
Contact for pricing
Office space with build-to-suit capability in a 1997 commercial building.
Property Size43,000 SF
Price / SF$0.02
Days on Market1853
Property Features for 8507 West 191st Street Unit 25W
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Stories
Listing Agency:
Keller Williams Preferred Rlty
Listed By:
Jacquelyn Jenke · License #475184358
(708) 351-7881
Source:
Compass
Added: Oct 14, 2021
Changed: Nov 6
Last Checked: Nov 8 at 7:48AM
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 Keller Williams Preferred Rlty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 25W provides 700 square feet of office space within a commercial property completed in 1997. The space can be configured through a build-to-suit approach, offering flexibility for the final office layout.
The unit is located at 8507 West 191st Street in Mokena, Illinois, with a lease structure identified as gross. Tenant responsibilities include rent, taxes, gas, and electric.
The unit is located at 8507 West 191st Street in Mokena, Illinois, with a lease structure identified as gross. Tenant responsibilities include rent, taxes, gas, and electric.
Key Highlights
- 700 SF office unit
- Build‑to‑suit configuration available
- Located at 8507 West 191st Street, Unit 25W
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$516,568
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,331,360
$10.3M
Cap Rate 7%
$7,379,543
$7.4M
Cap Rate 9%
$5,739,644
$5.7M
Market Conditions
NOI Build-Up for 43,000 SF
Gross rent
$970.1K $22.56/SF
− Vacancy
−$281.3K −$6.54/SF
EGI
$688.8K $16.02/SF
− OpEx
−$172.2K −$4.00/SF
NOI
$516.6K $12.01/SF
Area
Will County, IL
Vacancy
29.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,331,360
Cap Rate 7%
$7,379,543
Cap Rate 9%
$5,739,644
Alternative Uses
Best Use
Office B
$7.38M
$6.46M – $8.61M
NOI $516,568 @ 7.0% cap · market cap 73,795.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.75M
$8.53M – $11.38M
NOI $682,668 @ 7.0% cap · market cap 97,524.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Explore this area
Business Placement
Demographics for 60448, IL
25,512
Population
9,196
Households
2.8
Avg Household Size
43
Median Age
43%
College-Educated
98%
High-School Grad
18.3 sq mi
ZIP Area
1,394
Density / Sq Mi
$126,483
Median Household Income
$56,490
Median Earnings
$1,400
Median Rent
$369,700
Median Home Value
Market
Average Price Trend$/SF for Office Units in Will County, IL
Properties on Market for Office Units in Will County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Office space with build-to-suit capability in a 1997 commercial building.
Where is this office unit located?
The property is located at 8507 West 191st Street Unit 25W Mokena, IL.
What are key features of this property?
This property features: 700 SF office unit; Build‑to‑suit configuration available; Located at 8507 West 191st Street, Unit 25W
