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    Minooka Il Minooka, IL 60447
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    Minooka Il, Minooka, IL 60447

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    • Retail properties & Spaces
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    • Retail properties & Spaces

    Property Details for 0 Minooka Il

    Property type
    Retail properties & Spaces

    Description

    This exceptional 4,300 square foot retail space in Minooka, Illinois, presents a fantastic opportunity for a single-tenant user. Located in Grundy County, at a high-traffic location on Ridge Road just south of I-80, this property boasts over 20,000 vehicles per day passing by. The site is completely pad-ready, with all utilities stubbed, making for a seamless and efficient build-out. The property's design accommodates drive-thru functionality, a highly desirable feature for many retail businesses. A significant advantage is the proximity to a brand-new Starbucks, located just north of the available space, sharing a signalized access point. This shared access point ensures excellent visibility and convenient access for customers. The property is classified as a freestanding, outlot retail space, offering excellent exposure and independent branding opportunities. The address is in Minooka, IL, zip code 60447. This location offers unparalleled access to a large and growing customer base, making it an ideal location for a variety of retail businesses seeking high visibility and convenient access. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Minooka
    County
    Grundy
    State
    Illinois
    Longitude
    -88.3045
    Latitude
    41.4888

    Comparable in this City

    • Value Estimation by Request
      33,000 SF

      104 Ridge Rd

      Restaurants
      104 Ridge Rd, Minooka, IL 60447
      View Details
    • Value Estimation by Request
      4,947 SF

      515 Us-6

      Lifestyle centers
      515 Us-6, Minooka, IL 60447
      View Details
    • Value Estimation by Request
      0.15 Acres

      Minooka, IL 60447

      VACANT COMMERCIAL LAND
      Minooka, IL 60447
      View Details
    • Value Estimation by Request
      0.76 Acres

      Minooka, IL 60447

      VACANT COMMERCIAL LAND
      Minooka, IL 60447
      View Details
    • Value Estimation by Request
      0.44 Acres

      Industrial Ave

      VACANT COMMERCIAL LAND
      Industrial Ave, Minooka, IL 60447
      View Details
    • Value Estimation by Request
      0.03 Acres

      Minooka, IL 60447

      VACANT COMMERCIAL LAND
      Minooka, IL 60447
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Minooka Commercial Building For Sale

      5,383 SF building on 2.61 acres in Minooka, IL.
      502 West Mondamin St, Minooka, IL 60447
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      78 Acres Vacant Farmland Parcel

      Vacant farmland near Minooka and Shorewood, Illinois, with development potential.
      Ridge Rd, Minooka, IL 60447
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      Ridge Road Commercial Outlot

      One acre commercial outlot with high visibility for sale.
      2057 Ridge Rd, Minooka, IL 60447
      View Details
    • Contact for pricing

      Minooka Industrial Land For Sale

      Industrial land available for sale or lease in Minooka, Illinois.
      Minooka Twin Rail Dr & Mclinden Rd, Minooka, IL 60447
      View Details
    • Contact for pricing

      Ridge Road Outlot For Sale

      One-acre commercial outlot available for sale or build-to-suit.
      2051 N Ridge Rd, Minooka, IL 60447
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      26,524 SF

      Minooka Commercial Space Available

      1500 sq ft commercial space in downtown Minooka.
      137 W Wapella St, Minooka, IL 60447
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    • Contact for pricing
      1,970 SF

      Retail Space in Parker Square

      Retail space available at a busy, accessible intersection.
      410-462 W Mondamin St, Minooka, IL 60447
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    • Contact for pricing

      Minooka Commercial Space Available

      Main floor units in downtown Minooka, ready for occupancy.
      137 W Wapella St, Minooka, IL 60447
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    • Contact for pricing
      324,850 SF

      Industrial Space with Highway Access

      324,850 SF industrial property with superior interstate access.
      S International Pkwy, Minooka, IL 60447
      View Details
    • Contact for pricing
      1,426,000 SF

      Minooka Warehouse with I-80 Frontage

      1,159,670 SF warehouse with excellent I-80 visibility.
      1001 Midpoint Rd, Minooka, IL 60447
      View Details
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    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.

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