$335,000
●
Land -
Off Market
11014 Front Street
Mokena, IL 60448
Studio
0 Bath
$379,978
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model
About This Property
Value in the land 25,000sf development site in downtown Mokena.
Currently there is an older one story mixed use building on the
site that would need to be demolished. The site is located in
Mokena's Downtown TIF District. There is a Metra Station down the
street. The site is an ideal location for a residential,mixed
use development or commercial project. There is 110ft of frontage
along Front St. and the site extends 200ft north to First St. There
is 143ft of frontage along First St. The site can be accessed from
both Front St. and First St. Water and sewer already exists. Great
redevelopment opportunity in Mokena.
Unit Size
-
Days on Market
-
Land Size
0.58 acres
Price per sqft
-
Property Type
Land
Property Taxes
$504
HOA Dues
-
Year Built
1950
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (MRED MLS #11163465)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 2, 2024 | No longer available | - | |
| No longer available | |||
| Jul 28, 2023 | No longer available | - | |
| No longer available | |||
| Jul 26, 2023 | Listed by Keller Williams Preferred Rlty | $199,000 | |
| Listed by Keller Williams Preferred Rlty | |||
| | |||
|
Vacant land commerical site in downtown Mokena! Property is 110 X 100. The site is located in Mokena's Downtown TIF District. Ideal location for residential/mixed use development or commercial project. Water and sewer already exists. Great redevelopment opportunity in Mokena close to Metra Station!
| |||
| Oct 5, 2022 | Listed by Keller Williams Preferred Realty | $399,900 | |
| Listed by Keller Williams Preferred Realty | |||
| | |||
|
25,000 sqft development site in downtown Mokena! The site is located in Mokena's Downtown TIF District. Ideal location for residential/mixed use development or commercial project. This is a unique site with 110 ft of frontage along Front St. and the site extends 200 ft north to First St. There is also 143 ft of frontage along First St. The site can be accessed from both Front St. and First St. Water and sewer already exists. Great redevelopment opportunity in Mokena close to Metra Station!! Bring your ideas!
| |||
| Dec 9, 2021 | Sold | ||
| Sold | |||
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Mokena
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Listed by: Neil Haleem, Network Property Managment LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11163465
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11163465
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