Move-in Ready Office Building,
2435 Glenwood Ave, Joliet, IL 60435
Commercial Building, Low-rise - Joliet, IL
Property size:
6,874 SFLot size:
0.68 AcresPrice / SF:
$181/SF- Added:
- May 7, 2025
- Days on Market:
- 410
- Last Refresh:
- Jun 20 at 1:06 pm
Property Features for 2435 Glenwood Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- 200
- Bathrooms
- 4
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Kitchen
- Parking features
- Garage
- Basement Y/N
- 1
- Standard status
- Active
- APN
- 05-06-12-222-008
- Size
- 6,874 SF
- Lot size
- 0.68 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 20284
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1988
- Year renovated
- 1988
- Floors in Building
- 2
- Flooring type
- Carpet, Tile
- Building materials
- Brick
- Roof type
- Flat, Rubber
- Architectural style
- Other
Listing agent Randolph Taylor (630) 474-6441
Listing office eXp Commercial 50 South Main St, Naperville, IL (630) 474-6441
Listing date May 7, 2025
MLS# 11492153
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Move‑in ready, high‑quality office building in a sought‑after location near Ascension St. Joseph Medical Center.
- Versatile ±10,311 SF freestanding property suitable for professional office, medical conversion, or nonprofit/institutional use.
- Functional layout across two floors with elevator access, featuring renovated offices, conference rooms, breakroom, and a finished lower level.
- Excellent visibility and accessibility with 120 feet of frontage and 31 surface parking spaces, monument signage potential.
- Delivered vacant and in very good condition, with optional commercial‑grade office furniture available.
- Located minutes from I‑80, serving a broad base of users from Joliet, Shorewood, Crest Hill, and Plainfield.
Overview
Located on Joliet's northwest side, near Ascension St. Joseph Medical Center, the property at 2435 Glenwood Avenue is a freestanding building with 6,874 square feet above grade and a finished 3,437 square foot lower level. The building is suitable for professional office use, medical conversion, or nonprofit/institutional operations, and is suited for owner-users or investors. The building features a functional layout across two floors, connected via elevator. The upper level includes a reception area, private offices, conference and meeting rooms, open workstations, and a breakroom/kitchenette, all recently renovated with updated lighting, flooring, and commercial finishes. The finished lower level adds versatility with additional office space, restrooms, a training or flex-use area, and storage options. The entire space is delivered vacant, in very good condition, and includes optional commercial-grade office furniture. With 120 feet of frontage, monument signage potential, and 31 surface parking spaces, the site offers visibility and ease of access. Located just off Larkin Avenue and minutes from I-80, the property serves users from Joliet, Shorewood, Crest Hill, and Plainfield. The lot size is 0.68 acres. The adjacent 9,410 square foot office building at 2439 Glenwood Avenue is also available and may be purchased individually or as part of a multi-building opportunity.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $165.0k | $24.00 |
| − Vacancy | −$26.4k | −$3.84 |
| EGI | $138.6k | $20.16 |
| − OpEx | −$34.6k | −$5.04 |
| NOI | $103.9k | $15.12 |
6,874 SF · lease $24.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.48M
$1.30M – $1.73M
NOI $103,935 @ 7.0% cap · market cap 8.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.77M – $2.36M
NOI $141,879 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Shetina Appraisal Co
Real Estate Agency
Mr. Kishor Ajmere
Physician
Location Insight
- Map
- Local Demand
- City
- Joliet
- County
- Will
- State
- Illinois
- Longitude
- -88.141801
- Latitude
- 41.529904
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - High-quality office building suitable for various professional uses.
Where is this office building located?
The property is located at 2435 Glenwood Ave Joliet, IL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Move‑in ready, high‑quality office building in a sought‑after location near Ascension St. Joseph Medical Center.; Versatile ±10,311 SF freestanding property suitable for professional office, medical conversion, or nonprofit/institutional use.; Functional layout across two floors with elevator access, featuring renovated offices, conference rooms, breakroom, and a finished lower level.
