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    1523 Essington Rd Joliet, IL 60435

    For Sale
    $2,495,000

    Business - Joliet, IL

    Type:Business
    Property size:
    11,842 SF
    Days on Market:
    12
    Last Refresh:
    Dec 6 at 12:06 pm

    Property Features for 1523 Essington Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    0506022150301012
    Size
    11,842 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2006
    Number of units
    4
    Flooring type
    Carpet, Vinyl
    Roof type
    Composition
    Architectural style
    Other

    Realty Executives New Image (708) 974-1000 [email protected]

    Listing agent Valdy Biernacki (708) 974-1000 License #471012746

    Listing date Nov 25, 2025

    MLS# 12508506 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Joliet Office Complex Investment Opportunity

    This commercial property in Joliet, Illinois, offers approximately 11,842 square feet, comprising 8 office units. The property is fully leased to four tenants, including three in the medical sector. Each tenant manages their own utilities and insurance. The lease agreements are structured to accommodate stability and flexibility for investors. Originally designed for 8 units, the property was subdivided into only 4 tenants. This configuration provides an exceptional opportunity to maximize income by reverting to the original 8-unit layout if tenants choose to downsize, unlocking higher income potential and future growth. The property guarantees immediate cash flow with long-term agreements. All suites are currently leased, including a major national corporation with a multi-year sub-rent agreement for virtual and in-person office spaces. The building is well-maintained and strategically configured to minimize operational costs while maximizing leasing efficiency. Joliet is one of the fastest-growing markets in the southwest Chicago metro area, boasting excellent transportation access via I-80 and I-55, strong infrastructure, and a thriving business ecosystem. The property is well-positioned to benefit from both current tenant stability and future appreciation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ways To Wellness MD Doctor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Joliet
    County
    Will
    State
    Illinois
    Longitude
    -88.1621822
    Latitude
    41.5502908

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    FAQs

    What type of property is this?
    Office building - Fully leased office complex with expansion potential in Joliet, Illinois.
    Where is this office building located?
    The property is located at 1523 Essington Rd Joliet, IL.
    What is the asking price?
    The asking price for this property is $2,495,000.
    What are key features of this property?
    This property features: - Fully Leased: Guarantees immediate and stable income with long-term tenant agreements in place.; - Expansion Potential: Opportunity to increase income by reconfiguring the property back to its original 8-unit layout.; - Strategic Location: Situated in Joliet, a rapidly growing market with excellent transportation access and a thriving business environment.
    (708) 974-1000
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    Joliet, IL 60435
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1523 Essington Rd Joliet, IL 60435
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