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9700 Building 9700 W 197th St

30,000 SF 100% Leased Light Industrial Building Mokena, IL 60448 £2,656,418 (£89/SF) 8% Net Initial Yield

Investment Highlights

  • Fully Stabilized Triple-Net Investment with Current Management Willing to Stay On
  • Mixed-Use Industrial and Office Space to Accommodate Any Tenant
  • One Mile from I-80 Exit Creates Premier Accessibility to Surrounding Areas

Executive Summary

Village Realty is pleased to present the opportunity to acquire the property located at 9700 197th Street in Mokena, Illinois. The subject property consists of approximately 30,000 square feet of flex space and is situated on 2.02 acres of land. The asset features mixed-use industrial and office space that can accommodate any tenant. Over the last ten years, the property has remained fully occupied. The triple net investment is fully stabilized with yearly rental escalations over four percent. Furthermore, current management is willing to remain in place upon sale. Located just one mile from the Interstate 80 exit, the property has premier accessibility to surrounding areas. The interchange between Interstates 80 and 57 is positioned just minutes away, connecting the area's two most important highway corridors.

Property Facts

Price £2,656,418
Price Per SF £89
Sale Type Investment NNN
Net Initial Yield 8%
Property Type Light Industrial
Property Subtype R&D
Building Class B
Lot Size 2.01 AC
Rentable Building Area 30,000 SF
Number of Floors 1
Year Built 1986
Parking Ratio 3.2/1,000 SF
Clear Ceiling Height 14 ft
Level Access Doors 5

Utilities

  • Water - City
  • Sewer - City

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09-09-403-015
Land Assessment
£80,824
Improvements Assessment
£196,946
Total Assessment
£277,770

zoning

Zoning Code I-1
I-1
  • Listing ID: 33115107

  • Date on Market: 09/09/2024

  • Last Updated:

  • Address: 9700 W 197th St, Mokena, IL 60448

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