19214 S La Grange Rd
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19214 S La Grange Rd
7,613 SF 25% Leased Retail Building Mokena, IL 60448 $2,699,000 ($355/SF) 7.01% Cap Rate
Investment Highlights
- Close to I-80
- Sprinkled
- Minutes from Metra Station
- Rte 45
Executive Summary
Beautifully built brick building on busy LaGrange Rd less than 1 mile South of Interstate 80. 2,858 sf high end office space available for rent and 1,525sf end cap retail space also available. Perfect opportunity to own your own office space while collecting rent from end tenants. Current tenant on south end with drive through and long term lease.
Financial Summary (Pro forma - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,613 SF
Year Built
2017
Price
$2,699,000
Price Per SF
$355
Cap Rate
7.01%
NOI
$189,200
Percent Leased
25%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Land Acres
1.51 AC
Zoning
C-3 - Commercial Highway District
Parking
69 Spaces (9.06 Spaces per 1,000 SF Leased)
Frontage
243 FT on LaGrange Rd
Amenities
- 24 Hour Access
- Drive Thru
PROPERTY TAXES
| Parcel Number | 09-09-203-012 | Total Assessment | $571,913 |
| Land Assessment | $294,675 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $277,238 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
09-09-203-012
Land Assessment
$294,675
Improvements Assessment
$277,238
Total Assessment
$571,913
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
-
Nick Ferro -
Keith Conroy -
Coldwell Banker Commercial Real Estate Group
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19214 S La Grange Rd
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