Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    19600 97th Ave Mokena, IL 60448-9388
    Back to Search
    Property profile & analytics

    19600 97th Ave, Mokena, IL 60448-9388

    View on Map
    • Industrial properties
    • 45,668 SF
    • 2.11 lot acres
    Off-Market
    Last Sale Aug 15, 2022
    $2,950,000
    Property ID
    US28-1069892
    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.
    Value Estimations
    $2,965,000
    Show details
    Cap Rate Potential
    6.2%
    Industrial properties
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 19600 97th Ave

    Year built
    1981
    Construction
    STEEL FRAME
    Lot size
    2.11 lot acres
    Property type
    Industrial properties
    APN
    19-09-09-401-014
    APU
    190909401014

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 15, 2022 $2,950,000 19600 S 97th Avenue LLC Chicago Title Land Trust Company Deed $1.5M · Union National Bank
    Jan 18, 2008 — Trust 90127 — Trustees Deed · related $100k · Royal Savings Bank
    — — Trust 90127 — Loan Modification · related $1.5M · Royal Savings Bank
    — — Great Lakes Trust Co Trustee — Deed Of Trust · related $1.4M · Great Lakes Bank
    — — Trust 90127 — Deed Of Trust · related $2M · Royal Savings Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,175,000
      ML approach
      $2,965,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,275,000
      6.5%
      $3,025,000
      7%
      $2,810,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,986,000
      Market price range: $2.81M - $6.43M
      AI Estimate
      $2,010,000
      Market price range: $1.59M - $4.38M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $4,365,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mokena
    County
    Will
    State
    Illinois
    Longitude
    -87.8547
    Latitude
    41.534
    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
    $43,597
    $111,673
    $426,105
    $537,778
    -
    $335,019
    $1,278,315
    $1,613,334

    Comparable in this City

    • Value Estimation by Request
      2.93 Acres

      18811 90th Ave Ste F

      INDUSTRIAL (GENERAL)
      18811 90th Ave Ste F, Mokena, IL 60448-8029
      View Details
    • Value Estimation by Request
      4,600 SF

      9930 190th St Ste L

      INDUSTRIAL (GENERAL)
      9930 190th St Ste L, Mokena, IL 60448-5610
      View Details
    • Value Estimation
      $660,000
      8,589 SF

      9930 190th St Ste A

      INDUSTRIAL (GENERAL)
      9930 190th St Ste A, Mokena, IL 60448-5609
      View Details
    • Value Estimation by Request
      60,878 SF

      9951 190Th St

      Distribution properties
      9951 190Th St, Mokena, IL 60448
      View Details
    • Value Estimation by Request
      3,396 SF

      9910 190th St Ste K

      INDUSTRIAL (GENERAL)
      9910 190th St Ste K, Mokena, IL 60448-5607
      View Details
    • Value Estimation
      $4,850,000
      29,898 SF

      9619 194th St

      INDUSTRIAL (GENERAL)
      9619 194th St, Mokena, IL 60448
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      100,000 SF

      Mokena Industrial Property For Sale

      100,000 SF industrial property with convenient I-80 access.
      18761 S 90Th Ave, Mokena, IL 60448
      View Details
    • $10,920,000

      Mokena Land for Sale

      Land available for a build-to-suit industrial property.
      88th 187Th St, 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

      Proposed Industrial Building For Sale

      Proposed 153,000 sq ft industrial building for sale.
      W 191St St, Mokena, IL 60448
      View Details
    • Contact for pricing
      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
    • $1,000,000
      Pending

      Mokena 47-Acre Equestrian Property

      47-acre equestrian property with indoor arena and multiple outbuildings.
      18409 Haas Rd, Mokena, IL 60448
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mokena Industrial Space For Lease

      Industrial space with workshop and office near I-80.
      9627 194Th Pl, Mokena, IL 60448
      View Details
    • Contact for pricing

      Mokena Industrial Facility For Lease

      13,100 SF industrial space in Mokena with yard.
      8685 Spring Lake Dr, Mokena, IL 60448
      View Details
    • Contact for pricing
      5,500 SF

      Mokena Freestanding Warehouse For Rent

      Freestanding warehouse with fenced yard and immediate I-80 access.
      9660 194Th St, Mokena, IL 60448
      View Details
    • Contact for pricing
      131,424 SF

      Mokena Warehouse with I-80 Visibility

      131,424 SF warehouse with convenient I-80 access.
      8700 Spring Lake Dr, Mokena, IL 60448
      View Details
    • Contact for pricing

      Industrial Space with Office

      Industrial space featuring workshop, office, and convenient location.
      9623 194Th Pl, Mokena, IL 60448
      View Details
    • Contact for pricing

      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
    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.
    19600 97th Ave
    Mokena, IL 60448-9388
    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
    19600 97th Ave, 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!