Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9980 190Th St Mokena, IL 60448

    • Commercial real estate
    • 2.27 lot acres
    For Sale
    View listing
    $398,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-4921452
    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

    • Dowling Financial Services & Wealth Management / Life Insurance Agency / Investment Service
    • Illinois Glaucoma Center / Ophthalmologist
    • Lili Farrokh-Siar, MD / Ophthalmologist
    • The Arc of Illinois / Social Services Organization

    Property Details for 9980 190Th St

    Lot size
    2.27 lot acres
    Property type
    Commercial real estate
    APN
    19-09-04-301-009-1011
    APU
    1909043010091011

    Description

    This exceptional 8,000 square foot end-unit condo in Mokena, IL presents a unique opportunity for businesses seeking a highly visible and accessible location. Situated in the Crossings Office Association, this property enjoys unparalleled convenience with its proximity to the I-80 interchange, LaGrange Road, and a Metra station, ensuring easy commutes for employees and clients. The unit itself is bathed in natural light and features prominent monument signage, maximizing its visibility to potential customers. Ample parking is readily available within a well-maintained lot, providing convenience for all. The interior layout is both functional and inviting, comprising five individual offices, a dedicated conference room, and three storage rooms, offering flexibility for various business needs. The property benefits from a desirable location, with nearby walking and biking trails, and a variety of shopping and dining establishments within easy reach, enhancing the overall appeal for employees and visitors alike. This is a truly exceptional opportunity to acquire a high-quality office space in a prime location. The property is offered at $388,600.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mokena
    County
    Will
    State
    Illinois
    Longitude
    -87.8613
    Latitude
    41.5452
    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
    $6,138
    $13,678
    $62,031
    $75,709
    -
    $41,034
    $186,093
    $227,127

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      11380 179Th St

      Land • 1.00 Acre
      11380 179Th St, Mokena, IL 60448
      View Details
    • Value Estimation by Request
      0.13 Acres

      Frnt St St

      COMMERCIAL (GENERAL) • 0.13 Acres
      Frnt St St, Mokena, IL 60448
      View Details
    • Value Estimation by Request
      2.27 Acres

      9990 190th St Ste C

      COMMERCIAL (GENERAL) • 2.27 Acres
      9990 190th St Ste C, Mokena, IL 60448-8189
      View Details
    • Value Estimation
      $820,000
      16,240 SF

      19715 La Grange Rd Ste, Unit 4

      COMMERCIAL (GENERAL) • 16,240 SF
      19715 La Grange Rd Ste, Mokena, IL 60448-8015
      View Details
    • Value Estimation
      $500,000
      8,696 SF

      8105 189th St

      COMMERCIAL (GENERAL) • 8,696 SF
      8105 189th St, Mokena, IL 60448-8840
      View Details
    • Value Estimation
      $8,755,000
      77,290 SF

      9850 190th St Ste A

      COMMERCIAL (GENERAL) • 77,290 SF
      9850 190th St Ste A, Mokena, IL 60448-5606
      View Details

    Similar Nearby for Sale

    • $479,000
      5.00 Acres

      Homer Glen Residential Land Development

      Five-acre corner lot, prime development.
      12415 Bruce Rd, Mokena, IL 60448
      View Details
    • $756,376
      2.89 Acres

      Corporate Corridors of Mokena

      Land • 2.89 Acres
      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
    • $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
    • $850,000
      2.35 Acres

      Mokena Commercial Land - $850K

      2.35 Acres, I-80 Visibility, Ready to Develop
      9000 191St 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
    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.
    9980 190Th St
    Mokena, IL 60448
    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

    Google sign-in failed. Please try again or use another login method.