9700 Building | 9700 W 197th St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
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 | Lot Size | 2.01 AC |
Price Per SF | £89 | Rentable Building Area | 30,000 SF |
Sale Type | Investment NNN | Number of Floors | 1 |
Net Initial Yield | 8% | Year Built | 1986 |
Property Type | Light Industrial | Parking Ratio | 3.2/1,000 SF |
Property Subtype | R&D | Clear Ceiling Height | 14 ft |
Building Class | B | Level Access Doors | 5 |
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
1 of 1
PROPERTY TAXES
Parcel Number | 09-09-403-015 | Improvements Assessment | £196,946 |
Land Assessment | £80,824 | Total Assessment | £277,770 |
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 |
1 of 17
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
9700 Building | 9700 W 197th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.