Current Use by Public Records
- Office Spaces
Property Details for 10060-10066 190Th Pl
- Year built
- 2009
- Property type
- Office Spaces
Description
Regency Office Suites, located at 10060-10066 190th Place in Mokena, Illinois, presents a compelling investment opportunity. This 6,657 square foot office building boasts a strong 9% cap rate and high occupancy, anchored by several long-term tenants demonstrating significant loyalty. The property is fully furnished, including desks, chairs, bookcases, and conference tables, adding considerable value. Shared amenities enhance tenant appeal and include a conference room, break room, and reception area. Recent upgrades completed in 2023 significantly improve the property and enhance tenant satisfaction. These upgrades include a new roof, two new AC systems, and electric vehicle charging stations. Practical features include four storage closets and four restrooms. Security is ensured with a secure entryway access system and a well-lit parking lot. Situated in the well-maintained Olivieri Business Park, the building benefits from high visibility, with nearly 22,000 cars passing daily, and convenient access to I-80. The property also enjoys favorable Will County taxes. This combination of a strong cap rate, loyal tenants, modern upgrades, ample furnishings, prime location, and favorable taxes makes Regency Office Suites an exceptional investment opportunity.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mokena
- County
- Will
- State
- Illinois
- Longitude
- -87.8646
- Latitude
- 41.5441
