10060-10066 190Th PlMokena, IL 60448

  • Office properties
  • 6,657 SF
For Sale
$1,350,000 View listing

Property Details for 10060-10066 190Th Pl

Year built
2009
Property size (Sq ft)
6,657 SF
Property type
Office properties

Description

Regency Office Suites, located at 10060-10066 190th Place in Mokena, Illinois, presents a compelling investment opportunity. This 6,657 square foot office building boasts a strong 9% cap rate and high occupancy, anchored by several long-term tenants demonstrating significant loyalty. The property is fully furnished, including desks, chairs, bookcases, and conference tables, adding considerable value. Shared amenities enhance tenant appeal and include a conference room, break room, and reception area. Recent upgrades completed in 2023 significantly improve the property and enhance tenant satisfaction. These upgrades include a new roof, two new AC systems, and electric vehicle charging stations. Practical features include four storage closets and four restrooms. Security is ensured with a secure entryway access system and a well-lit parking lot. Situated in the well-maintained Olivieri Business Park, the building benefits from high visibility, with nearly 22,000 cars passing daily, and convenient access to I-80. The property also enjoys favorable Will County taxes. This combination of a strong cap rate, loyal tenants, modern upgrades, ample furnishings, prime location, and favorable taxes makes Regency Office Suites an exceptional investment opportunity.

Location Insight

City
Mokena
County
Will
State
Illinois
Latitude
41.5441
Longitude
-87.8646

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