19816 La Grange Rd
Mokena, IL 60448

Marcus & Millichap has been selected to exclusively offer for sale Mokena Towne Square, located in Mokena, Illinois. The property is comprised of 75,005 square feet of gross leasable area and a total lot size of 6.21 acres. The property is strategically located on the northwest corner of La Grange Road (Route 45) and La Porte Road, a highly active intersection with a combined traffic count of 43,900 vehicles passing per day. It also sits less than one and one-half miles from Interstate 80 with over 89,000 vehicles commuting per day. The center offers great visibility, with over 985 feet of frontage on Route 45. Mokena Towne Square has an ideal mix of national, regional, and local tenants, including Brookhaven Marketplace, Ashley Furniture (not part of this sale), Charter Fitness, and Sport Clips. All tenants operate under net leases, reimbursing for their pro-rata share of common area maintenance, taxes, insurance, management fees, and administrative fees. The 37,902-square foot grocery anchor, Brookhaven Marketplace, sits in a prime location, with the closest full-service grocer located one and one-half miles to the south and over five miles lying between Brookhaven and their competition to the north. Brookhaven is operating under a 15-year lease, expiring on December. Contributing to the property’s success is the highly dense and affluent residential area surrounding it, with over 53,500 people residing within a three-mile radius, generating an average household income of $113,134, which is 52 percent higher than the U.S. average. Mokena Towne Square also reaps the benefits of having approximately 47,437 people that work within a five-mile radius, with approximately 68 percent of those employees in white-collar positions. Mokena Towne Square benefits from an abundance of complementary retail space in the area. Directly across the road from the center is Hickory Creek Market Place, featuring over 170,000 square feet of retail and restaurant space, housing numerous big-box retailers such as Good Will, Auto Zone, Staples, and Home Depot, as well as a 75,000-square foot space that is occupied by Emagine Entertainment, an Michigan-based company. Emagine Entertainment is a luxury movie theater that renovated a vacant, former Dominick’s space. Emagine operates 80 movie screens at nine locations in Michigan. The location in Frankfort represents its first foray into the Illinois market, which features 1,300 seats in 10 state-of-the-art auditoriums equipped with 4K DLP Digital Cinema projectors, Dolby sound systems and plush powered reclining leather chairs separated by a full seven feet of row spacing. Emagine’s goal is to attract the affluent consumers of Frankfort and nearby communities, which has the potential to boost business at Mokena Towne Square in a big way. Emagine Frankfort opened for business in January 2017. Mokena is a Chicago suburb that shares a border with its affluent neighbor, Frankfort. These areas have been experiencing tremendous growth as of late, with recent industrial/commercial developments totaling well over four million square feet. Frankfort was recently ranked 36th in the nation’s fastest growing suburbs by Forbes Magazine and is known as the “Jewel of the South Suburbs.” Since 2000, the population of these neighboring cities has increased by an astounding 49 percent and continues to rise.