Commercial Sale

10060-10066 190th Place, Mokena, Illinois 60448

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Property Description

Regency Office Suites offers a prime investment opportunity with 6,657 square feet of high-quality shared office space and a strong 9% cap rate. The property features a high occupancy rate, with several tenants being long-term and demonstrating strong loyalty. Tenants benefit from attractive shared amenities, including a conference room, break room, and reception area, which enhance the overall appeal and functionality of the space. Included in the sale is a comprehensive selection of furnishings, such as desks, chairs, bookcases, conference tables, and more, adding significant value and convenience for both new owners and tenants. Recent upgrades include a new roof, two newly installed AC systems, and electric vehicle charging stations, all completed in 2023. These enhancements reflect a commitment to modern improvements and tenant satisfaction. The property also includes four storage closets and four restrooms, contributing to its practicality and convenience. Additionally, it features a secure entryway access system in the vestibule, as well as a well lit parking lot ensuring safety and security for all tenants. Located in the highly desirable Olivieri Business Park, which is well maintained, with plenty of parking and professionally managed. This location also benefits from high visibility, with traffic volumes nearing 22,000 cars daily, and only minutes from I-80, further increasing the property’s desirability and investment potential. Overall, Regency Office Suites combines a strong cap rate, loyal long-term tenants, modern upgrades, ample furnishings, a prime location, and favorable Will County taxes, making it a compelling investment opportunity.

Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : MRD12144187
Price : $1,350,000
Year Built : 2009
Property Sub Type : Office
Features
Cooling System : Central Air
Roof Deck : Composition
Address Map
Country : US
State : IL
County : Will
City : Mokena
Zipcode : 60448
Street : 190th
Street Number : 10060-10066
Street Suffix : Place
Floor Number : 0
Longitude : W88° 8' 6.4''
Latitude : N41° 32' 41.9''
Area : Mokena
MLS Addon
Agent Name : Madison
DaysOnMarket : 47
Directions : Head less than 1 mile west of Route 45/Lagrange Rd
Flooring : Carpet, Tile
Foundation : Concrete Perimeter
List Agent Full Name : Madison Watson
List Agent MLSID : MRD707028
List Office MLSID : MRD70264
List Office Name : Olivieri Real Estate LLC
Parcel Number : 1909043010171008
Tax Year : $2,023
Zoning : OFFIC
ListAgentLastName : Watson
Annual Tax Amount : $0
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Status : Active Under Contract
PhotosChangeTimestamp : 29/08/2024 13:46:01
Commercial Sale For Sale
  • Listing ID : MRD12144187
$1,350,000
Agent info
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