Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mokena Office Unit For Sale Title is generated by Realmo AI

    9980 190th St, Mokena, IL 60448

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Office unit with existing lease and convenient access.

    Type:Office
    Property size:
    1,990 SF
    Price / SF:
    $200/SF
    Added:
    Sep 27, 2024
    Days on Market:
    593
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 9980 190th St

    General Information

    Standard status
    Active
    Size
    1,990 SF
    Property subtype
    Office

    Building Details

    Year Built
    2010

    We can help!

    Listing Contact
    Jackie Montvidas

    Listing agent Jackie Montvidas License #IL 705768

    Listing office Olivieri Real Estate LLC

    Listing date Sep 27, 2024

    Source Crexi

    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 Olivieri Real Estate LLC

    HighLights

    • Three years remaining on current tenant's lease provides immediate investment income.
    • 1990 sq ft layout includes waiting area, conference room, two private offices, and two restrooms.
    • Two points of entry offer easy access.
    • Ample parking available for employees and visitors.
    • Prominent monument signage increases visibility.
    • Well‑maintained lot ensures a professional environment.

    Overview

    The property at 9980 190th St, Mokena, IL 60448, identified as Unit A, offers 1990 square feet of commercial space suitable for office use. The layout includes a waiting area, a conference room of considerable size, and two private offices. The unit contains two restrooms and benefits from two points of entry, facilitating access. Monument signage provides visibility, and ample parking is available on the well-maintained lot. The property is currently occupied by a tenant with three years remaining on the lease, presenting an opportunity for investors or future occupants.
    Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Mokena
    County
    Will
    State
    Illinois
    Longitude
    -87.8608857
    Latitude
    41.5451589

    Nearby Similar for Sale

    • $1,100,000

      Mokena Retail Building Opportunity

      Free-standing retail building near Metra station in Mokena, Illinois.
      11120 Front Street, Mokena, IL 60448
      View Details
    • $300,000

      Established Restaurant Business for Sale

      Turnkey restaurant with catering brands and loyal customer base.
      19901 Wolf Road, Mokena, IL 60448
      View Details
    • $398,000
      8,000 SF

      Mokena Office Condo For Sale

      Office condo with tenant, near I-80, LaGrange Rd, Metro.
      9980 190th Street A, Mokena, IL 60448
      View Details
    • $3,522,000
      7,407 SF

      Mokena Commercial Property For Sale

      High-visibility commercial property in Mokena, Illinois, near major traffic routes.
      19150 S 88th Ave, Mokena, IL 60448
      View Details
    • $398,000
      8,000 SF

      Mokena Office Condo For Sale

      Office condo near I-80, LaGrange Rd, and Metro station.
      9980 190th Street Unit A, Mokena, IL 60448
      View Details
    • $1,487,500
      510 SF

      New 7-Brew Investment Property

      Newly built, freestanding 7-Brew in Mokena, Illinois for sale.
      11385 W Lincoln Hwy, Mokena, IL 60448
      View Details
    • Contact for pricing
      153,000 SF

      Proposed Industrial Building For Sale

      Proposed 153,000 sq ft industrial building for sale.
      W. 191st St., Mokena, IL 60448
      View Details
    • $2,699,000
      7,613 SF

      Retail/Office Building on US Route

      7,613 SF retail/office building with high-end buildout for sale.
      19214 S La Grange Rd, Mokena, IL
      View Details
    • $10,920,000
      100,000 SF

      Mokena Industrial Property For Sale

      100,000 SF industrial property with convenient I-80 access.
      18761 S 90th Ave, Mokena, IL
      View Details

    FAQs

    What type of property is this?
    Office units - Office unit with existing lease and convenient access.
    Where is this office units 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: Three years remaining on current tenant's lease provides immediate investment income.; 1990 sq ft layout includes waiting area, conference room, two private offices, and two restrooms.; Two points of entry offer easy access.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jackie Montvidas
    Real Estate License ID: IL 705768
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    9980 190th St, Mokena, IL 60448
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!