Mokena, IL
Commercial Real Estate Market Trends & Data

$570 Avg asking sale price
$19 Avg asking lease rate
7,036 SF Avg unit lease size
32,575 SF Avg building size for sale
6.80% Average cap rate

Mokena's Demographic Profile

Mokena has 6,951 households and a median income of $116,381, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 19,322
# Households 6,951
Median age 44
Median household income $116,381
Avg household size 3.0
Renter-occupied housing units 803
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Mokena, IL

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Mokena $191 24,124 SF 10.00%
Frankfort $228 9,231 SF 7.50%
Tinley Park $161 24,249 SF 10.00%
Orland Park $162 18,494 SF 7.20%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Mokena $174 46,901 SF 7.01%
New Lenox $370 80,994 SF 6.75%
Tinley Park $159 49,921 SF 7.01%
Nearby Retail Markets Avg Cost/SF Typical Size
Mokena $1,009 20,005 SF
New Lenox $2,917 510 SF
Frankfort $1,870 2,655 SF
Tinley Park $295 13,948 SF
Orland Park $243 14,766 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Midlothian $213 4,575 SF 7.71%
Harvey $100 14,810 SF 8.51%

Commercial Properties For Sale in Mokena

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Tinley Crossings

Tinley Park, IL 60487

  • 51,023 SF Office Building
  • Price Upon Request
For Sale

Retail Land Parcel Facing Hilton Garden Inn

Tinley Park, IL 60487

  • 1.81 AC Lot
  • 1 Commercial Lot
  • $750,000
For Sale

12531 W Horseshoe Dr

New Lenox, IL 60451

  • 12,523 SF Industrial Building
  • 4.39% Cap Rate
  • $2,450,000
For Sale

219 White St

Frankfort, IL 60423

  • 8,410 SF Office Building
  • $1,850,000
For Sale

Lot 8 Laraway Rd

New Lenox, IL 60451

  • 4.50 AC Lot
  • 1 Commercial Lot
  • $925,000
For Sale

K1 Speed - Mokena

Mokena, IL 60448

  • 74,800 SF Industrial Building
  • 7.01% Cap Rate
  • $10,600,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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Multifamily vs. Single-Family Investing ROI
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CapEx in Commercial Real Estate
CapEx in Commercial Real Estate
How to plan capital expenditures, prioritize projects, and manage risk without sacrificing returns on your commercial property investment.
Internal Rate of Return (IRR) Calculator
Internal Rate of Return (IRR) Calculator
Use this calculator to measure annualized returns, compare investment scenarios, and evaluate risk across commercial real estate deals.
What is a Ground Lease?
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Understanding the Nuances of Ground and Land Leases
Master Lease Strategies
Master Lease Strategies
Maximizing Control and Income with Flexible Leasing Solutions
How to Find Industrial Tenants for Your Property
How to Find Industrial Tenants for Your Property
A practical guide to finding qualified industrial tenants, from building your tenant profile to tenant screening and closing the lease.
Bonus Depreciation
Bonus Depreciation
A practical guide to using bonus depreciation to reduce tax liability, improve cash flow, and plan property improvements with timing strategies in mind.
Accelerated Depreciation in Commercial Real Estate
Accelerated Depreciation in Commercial Real Estate
Understand how accelerated depreciation works, which method fits your deal, and how to avoid the tax pitfalls that catch most investors off guard.

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Mokena pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Mokena $570 32,575 SF
New Lenox $1,766 43,642 SF
Frankfort $580 14,171 SF
Tinley Park $226 33,101 SF

Regional Demographic Comparison

This comparison places Mokena alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Mokena or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Mokena 19,322 6,951 44 $116,381 3 803 -1%
Orland Hills 6,298 2,229 40 $93,635 3 574 -4%
Frankfort 22,011 7,284 44 $138,630 3 459 2%
Tinley Park 54,245 21,190 44 $91,838 3 3,400 -3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Mokena, IL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Mokena

View All Commercial Real Estate For Sale in Mokena
Is Mokena a good market for a first-time commercial real estate investor?

Mokena offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Mokena?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Mokena. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Mokena?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Mokena. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Mokena compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Mokena. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Mokena acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Mokena, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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