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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    19215 La Grange Rd Mokena, IL 60448-9348

    • Commercial real estate
    • 4,313 SF
    • 0.92 lot acres
    OFF-MARKET
    Value Estimations
    $735,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-5577023
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Rising Sun Of Mokena / Chinese Restaurant / Restaurant

    Property Details for 19215 La Grange Rd

    Year built
    1994
    Construction
    WOOD
    Lot size
    0.92 lot acres
    Property size
    4,313 SF
    Property type
    Commercial real estate
    APN
    19-09-10-102-035
    APU
    190910102035

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,090,000
      6.5%
      $1,010,000
      7%
      $935,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $962,000
      Market price range: $380k - $998k
      AI Estimate
      $627,000
      Market price range: $170k - $627k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mokena
    County
    Will
    State
    Illinois
    Longitude
    -87.8499
    Latitude
    41.5405
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $22,587
    $119,178
    $124,620
    $243,798
    -
    $357,534
    $373,860
    $731,394

    Comparable in this City

    • Value Estimation by Request
      3,899 SF

      19225 La Grange Rd

      COMMERCIAL (GENERAL) • 3,899 SF
      19225 La Grange Rd, Mokena, IL 60448-9348
      View Details
    • Value Estimation by Request
      2,944 SF

      19118 104th Ave

      COMMERCIAL (GENERAL) • 2,944 SF
      19118 104th Ave, Mokena, IL 60448-8202
      View Details
    • Value Estimation
      $650,000
      12,189 SF

      19117 Wolf Rd

      COMMERCIAL (GENERAL) • 12,189 SF
      19117 Wolf Rd, Mokena, IL 60448-1050
      View Details
    • Value Estimation by Request
      7,613 SF

      19222 La Grange Rd

      Lifestyle centers • 7,613 SF
      19222 La Grange Rd, Mokena, IL 60448
      View Details
    • Value Estimation by Request
      2.54 Acres

      191st St And Cres Dr

      Land • 2.54 Acres
      191st St And Cres Dr, Mokena, IL 60448
      View Details
    • Value Estimation by Request
      2,940 SF

      10924 Frnt St

      COMMERCIAL (GENERAL) • 2,940 SF
      10924 Frnt St, Mokena, IL 60448-2098
      View Details

    Similar Nearby for Sale

    • $756,376
      2.89 Acres

      Corporate Corridors of Mokena

      Land • 2.89 Acres
      88th St -, Mokena, IL 60448
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    • $699,950
      1.00 Acre

      Mokena Commercial Land Investment

      1.9 Acres, Excellent Redevelopment Potential
      11380 179Th St, Mokena, IL 60448
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    • $845,000

      Mokena Commercial Land: Prime Location

      High-visibility lot, ideal for business.
      19950 La Grange Rd, Mokena, IL 60448
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    • $2,515,470
      10.04 Acres

      Mokena Industrial Land - 10 Acres

      Prime 10-acre industrial lot in Mokena, IL.
      88th St -, Mokena, IL 60448
      View Details
    • $793,750
      3.04 Acres

      Mokena Industrial Land - 3 Acres

      Prime Mokena location, 3.04 acres, zoned industrial.
      88th St -, Mokena, IL 60448
      View Details
    • $1,822,420
      7.28 Acres

      88th St -

      Land • 7.28 Acres
      88th St -, Mokena, IL 60448
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      44,000 SF

      Old LaGrange Road Center Spaces

      Modern flex space, I-80 Corridor. Ideal for retail or office.
      19081 Old Lagrange Rd, Mokena, IL 60448
      View Details
    • $457 /Mo
      3,120 SF

      Mokena Office Space for Lease

      Prime Mokena Office, Affordable Rates
      19027 Jodi Rd, Mokena, IL 60448
      View Details
    • $15 SF/Yr
      30,000 SF

      Mokena Office Space - 3,300 SF

      Prime Mokena office with warehouse space. Ideal for single tenant.
      9700 Mokena Il 60448, Mokena, IL 60448
      View Details
    • Contact for pricing
      12,500 SF

      Mokena Warehouse Space Available

      Warehouse space with easy I-80 access, available August 2025.
      9400 Enterprise Dr, Mokena, IL 60448
      View Details
    • Contact for pricing

      Rehabbed Office Space Available

      Newly rehabbed office space in Downtown Mokena for rent.
      11225 Front St, Mokena, IL 60448
      View Details
    • $15 SF/Yr

      Newer Retail Center with Showroom

      Retail center with showroom, office, and warehouse space available for rent.
      19081 Old Lagrange Rd, Mokena, IL 60448
      View Details
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    19215 La Grange Rd
    Mokena, IL 60448-9348
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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.

    More about this property
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