Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11305 Lincoln Hwy Mokena, IL 60448

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Midwest Retail Space Available

    Lot size:
    946 SF

    Property Features for 11305 Lincoln Hwy

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    946 SF

    Spaces For Lease

    at 11305 Lincoln Hwy, Mokena, IL 60448 Contact us

    We can help!

    Listing Contact
    Kevin Marschall
    Kevin Marschall

    Listing Agency: InStore Commercial Real Estate Listing Agent: Kevin Marschall

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional retail leasing opportunity offers multiple in-store spaces within high-traffic Meijer locations across the Midwest. Each space provides prime, front-of-store visibility, ensuring access to thousands of weekly customers. One available space totals 946 square feet, with an additional 1,746 square feet vacant across multiple units. The all-inclusive monthly fee covers real estate taxes, property insurance, common area maintenance (CAM), and utilities. These spaces boast interior and exterior branding opportunities, strategically placed for maximum customer interaction. Located in thriving trade areas with strong demographics, these locations are ideal for a variety of businesses, including financial institutions, food and beverage establishments, service businesses, health and wellness providers, and more. The "Store-Within-A-Store" concept offers unparalleled exposure and convenience within a well-established and trusted retail environment. Multiple vacancies are available throughout the Midwest, presenting a unique opportunity to establish your business in a high-traffic, high-visibility location. Contact us for more information and to secure your space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ultimate Cuts & Shaves Barber Shop higi Medical Clinic Meijer Pharmacy Pharmacy Western Union Bank Quick-Tag (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mokena
    County
    Will
    State
    Illinois
    Longitude
    -87.890354573618
    Latitude
    41.500060293598

    Nearby Similar for Lease

    • Contact for pricing

      Private Office Space in Mokena

      266 SF office space with shared amenities, convenient location.
      19027 S Jodi Rd, Mokena, IL 60448
      View Details
    • Contact for pricing

      Bright Corner Office in Mokena

      Private corner office with natural light, utilities included, convenient location.
      19027 S Jodi Rd, Mokena, IL 60448
      View Details
    • Contact for pricing

      Mokena Office Space Available

      Move-in ready office space in high-traffic Mokena location.
      9405 Bormet Dr, Mokena, IL 60448
      View Details
    • Contact for pricing

      Updated Office Space in Mokena

      Well-maintained office building with updated atrium and functional layout.
      18927 Hickory Creek Dr, Mokena, IL 60448
      View Details
    • New
      $20 SF/Yr
      152,460 SF

      Class A Office Building

      Three-story office building near I-80 and commuter train.
      19065 S Hickory Creek Dr, Mokena, IL 60448
      View Details
    • New
      Contact for pricing

      Mokena Warehouse Unit For Lease

      3400 sqft warehouse unit with offices and conference room.
      18781 S 90Th Ave, Mokena, IL 60448
      View Details
    • Contact for pricing

      Rehabbed Office Space Available

      Newly renovated office space in downtown Mokena for rent.
      11225 Front St, Mokena, IL 60448
      View Details
    • Contact for pricing

      Rehabbed Office Space Available

      Newly rehabbed office space in Downtown Mokena for rent.
      11225 Front St, Mokena, IL 60448
      View Details
    • Contact for pricing

      Rehabbed Office Space Available

      Newly rehabbed office space in Downtown Mokena available for rent.
      11225 Front St, Mokena, IL 60448
      View Details
    • Contact for pricing

      Rehabbed Office Space Available

      Newly renovated office space in Downtown Mokena for rent.
      11225 Front St, Mokena, IL 60448
      View Details
    • Contact for pricing

      Rehabbed Office Space Available

      Newly renovated office space for rent in Downtown Mokena.
      11225 Front St, Mokena, IL 60448
      View Details
    • Contact for pricing

      Rehabbed Office Space Available

      Newly renovated office space for rent in Downtown Mokena.
      11225 Front St, Mokena, IL 60448
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Midwest Retail Space Available
    Where is this retail property located?
    The property is located at 11305 Lincoln Hwy Mokena, IL.
    What are key features of this property?
    This property features: Meijer In-Store Retail Space: 1,746 square feet of vacant space available across multiple locations.; High-traffic, front-of-store locations within established Meijer stores, providing excellent visibility and access to thousands of weekly customers.; All-inclusive monthly rent covering real estate taxes, insurance, CAM, and utilities.
    Request Owner's contact information
    11305 Lincoln Hwy Mokena, IL 60448
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11305 Lincoln Hwy
    Mokena, IL 60448
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11305 Lincoln Hwy Mokena, IL 60448
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kevin Marschall
    Kevin Marschall
    Real Estate License ID: 471022479
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!