9980 190th St, Mokena, IL 60448
Office unit with existing lease and convenient access.
- Added:
- Sep 27, 2024
- Days on Market:
- 638
- Last Refresh:
- May 13 at 8:21 pm
Property Features for 9980 190th St
General Information
- Standard status
- Active
- Size
- 1,990 SF
- Property subtype
- Office
Building Details
- Year Built
- 2010
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
Local Financial Insights For Office B
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 | $44.9k | $22.56 |
| − Vacancy | −$13.0k | −$6.54 |
| EGI | $31.9k | $16.02 |
| − OpEx | −$8.0k | −$4.00 |
| NOI | $23.9k | $12.01 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Mokena
- County
- Will
- State
- Illinois
- Longitude
- -87.8608857
- Latitude
- 41.5451589
