For Sale
$8,750,000

18927 Hickory Creek Dr Mokena, IL 60448

Class A Office, 100% Occupied, Assumable Financing

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a 49,380-square-foot, Class A, multi-tenant office building in Mokena, Illinois. Currently 100% occupied with nine tenants, the property boasts a strong net operating income (NOI) of $721,728 and an attractive 8.25% capitalization rate. Built in 2004, this three-story building features 233 parking spaces and sits on a 2.91-acre lot. The property benefits from a triple-net (NNN) lease structure with built-in rental increases, providing significant upside potential. An attractive feature is the option to assume existing financing at a favorable 4.7% interest rate, extending to June 1, 2029. Located in a prime Will County location, the building offers convenient access to I-80, nearby amenities, and the Hickory Creek Metra Station. The property includes attractive common areas such as a two-story atrium, common kitchen, and ample restrooms. The building's location near the proposed Hickory Creek Waterworks & Resort and Mixed Use Development further enhances its long-term value. This is a rare opportunity to acquire a high-quality, fully occupied office building with significant potential for future growth in a thriving suburban Chicago market. The asking price is $8,750,000, translating to $182.26 per square foot.

Property Details for 18927 Hickory Creek Dr

Property type
Office properties
Square Feet
49,380 SF
Class
A
Year Built
2004
Buildings
1
Stories
3
Lot Size (sq. ft)
126,760 SF

Location Insight

City
Mokena
County
Will
State
Illinois
Latitude
41.5458301
Longitude
-87.8423129

FAQs

What type of property is this?
Office property - Class A Office, 100% Occupied, Assumable Financing
Where is the office property located?
The property is located at 18927 Hickory Creek Dr Mokena, IL.
What is the asking price?
The asking price for this property is $8,750,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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18927 Hickory Creek Dr
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