Mokena, IL 60448,19410 S La Grange Road
Mokena, IL 60448,19410 S La Grange Road
Mokena, IL 60448,19410 S La Grange Road
Mokena, IL 60448,19410 S La Grange Road
Mokena, IL 60448,19410 S La Grange Road
Mokena, IL 60448,19410 S La Grange Road
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$4,850,000

$5,450,000

11.0%
Est.Price: ?

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Est. payment /mo

72,000 SqFt


SOLD DATE : 03/06/2024

Key Details

Sold Price $4,850,000

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 72,000 sqft

Price per Sqft $67

MLS Listing ID 11877260

Sold Date 03/06/24

Year Built 1990

Annual Tax Amount $69,216

Tax Year 2022

Lot Size 3.500 Acres

Lot Dimensions 270 X 565

Property Description

High exposure, multi tenant building with retail and light industrial units on LaGrange Rd. Building consists of 6 retail units and 16 industrial units providing a very diversified tenant portfolio. This 72,000 sq ft building has 14 ft high ceilings, 17 drive in doors, 6 loading dock doors and parking for more than 100 cars. Low Will County taxes provides a wonderful opportunity to attract tenants and add profit. Current cap rate of 7.5% with below market rates provides an excellent opportunity for new owner to renew leases and/or re-tenant the building with market rates providing a 10-11% cap rate. High occupancy rates and low availability for industrial spaces along the Southwest I-80 corridor makes this building an ideal investment. Signed NDA needed to see building financials.

Location

State IL

County Will

Zoning INDUS

Interior

Cooling Central Air

Flooring Concrete

Fireplace N

Exterior

View Y/N true

Building

Foundation Concrete Perimeter

Structure Type Brick,Block

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Listed by Mark Wright • Baird & Warner
Bought with Non Member • NON MEMBER
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(773) 503-0277

yuliyab.realtor@gmail.com

1700 W Higgins Rd, Plaines, IL,, 60018

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