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    9980 190Th St Mokena, IL 60448

    For Sale
    $398,000

    1,990 SF Office, 100% Occupied

    Property size:
    1,990 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1,990 square foot, Class B office building in Mokena, IL, presents a compelling investment opportunity. Located at 9980 190th Street Unit A, this single-story, 2010-built property is part of the Crossings Limited Office Condo Association and boasts 100% occupancy with a gross lease in place. The building features a functional layout including a waiting area, conference room, two offices, and two restrooms, along with two convenient points of entry. The exterior is enhanced by prominent monument signage and ample parking within a well-maintained lot. The property benefits from excellent visibility and is strategically positioned near the I-80 Interchange, LaGrange Road (Rt. 45), and a Metro station, ensuring easy access for employees and clients. The I-1 zoning provides flexibility for various business uses. The building has recently undergone a roof upgrade, adding to its value and reducing future maintenance costs. This stabilized investment, held under a Limited Liability Corporation, offers a strong income stream with a lease having nearly three years remaining. The asking price is $398,000, translating to $200 per square foot. This is a turnkey opportunity for investors seeking a well-maintained, high-visibility property in a prime Mokena location. The property is situated in Will County, Illinois, with a 60448 zip code.

    Property Features for 9980 190Th St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,990 SF
    Class
    B

    Building Details

    Year Built
    2010
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 1,990 SF Class B office building in Mokena, IL, at 9980 190th Street Unit A.
    • Single‑story, 2010 construction, part of the Crossings Limited Office Condo Association, 100% occupied with a gross lease.
    • Functional layout with waiting area, conference room, two offices, two restrooms, and two entrances.
    • Prominent monument signage, ample parking, excellent visibility, and I‑80, Rt. 45, and Metra proximity.
    • I‑1 zoning, recently upgraded roof, and nearly three years remaining on the lease.
    • Asking price: $398,000 ($200/SF). Will County, IL, 60448 zip code.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dowling Financial Services ... Investment Service Illinois Glaucoma Center Ophthalmologist Lili Farrokh-Siar, MD Ophthalmologist The Arc of Illinois Social Services Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mokena
    County
    Will
    State
    Illinois
    Longitude
    -87.8607925
    Latitude
    41.5453343

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    FAQs

    What type of property is this?
    Office Property / Space - 1,990 SF Office, 100% Occupied
    Where is this office property / space located?
    The property is located at 9980 190Th St Mokena, IL.
    What is the asking price?
    The asking price for this property is $398,000.
    What are key features of this property?
    This property features: 1,990 SF Class B office building in Mokena, IL, at 9980 190th Street Unit A.; Single-story, 2010 construction, part of the Crossings Limited Office Condo Association, 100% occupied with a gross lease.; Functional layout with waiting area, conference room, two offices, two restrooms, and two entrances.
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    Mokena, IL 60448
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    Realmo Value Estimation

    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.

    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.

    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
    9980 190Th St Mokena, IL 60448
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