Freestanding Office Building Near
2439 Glenwood Ave, Joliet, IL 60435
Commercial Building, Low-rise - Joliet, IL
Property size:
5,527 SFLot size:
1.16 AcresPrice / SF:
$189/SF- Added:
- May 7, 2025
- Days on Market:
- 403
- Last Refresh:
- Jun 13 at 2:06 am
Property Features for 2439 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
- 05-06-12-222-010
- Size
- 5,527 SF
- Lot size
- 1.16 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 2974
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1980
- Year renovated
- 1980
- Floors in Building
- 1
- 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# 11492018
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
- Freestanding ±9,410 SF office building in northwest Joliet.
- Turnkey functionality with ±5,527 SF above‑grade and ±3,800 SF finished lower‑level office space, delivered vacant.
- High‑quality construction with a clean masonry exterior, monument signage, and ample parking (36 spaces).
- Interior features a mix of executive offices, conference rooms, collaborative workstations, and a welcoming reception area.
- Professionally finished lower level includes additional offices, restrooms, a break area, and a large open training/flex space.
- Located in an established commercial corridor with excellent visibility and access to major thoroughfares.
Overview
Located on Joliet's northwest side, near Ascension St. Joseph Medical Center, the property at 2439 Glenwood Avenue is a freestanding office building offering turnkey functionality and high-quality construction. The building contains approximately 5,527 square feet of above-grade space plus approximately 3,800 square feet of professionally finished lower-level office space. The property will be delivered vacant and ready for immediate occupancy. Situated in an established office corridor just off Larkin Avenue, the site offers visibility, monument signage, and access to major thoroughfares serving Shorewood, Crest Hill, and Plainfield. The building is located minutes from I-80. The property includes 36 parking spaces. The interior layout features a mix of executive offices, conference rooms, collaborative workstations, and a welcoming reception area. The finished lower level includes additional offices, restrooms, a break area, and a large open training or flex space. The building is set within a well-established commercial corridor. The property is situated on a 1.16-acre lot. The building's exterior is clean masonry. The zoning is 200. The property is suitable for professional or medical-adjacent uses.
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 | $132.6k | $24.00 |
| − Vacancy | −$21.2k | −$3.84 |
| EGI | $111.4k | $20.16 |
| − OpEx | −$27.9k | −$5.04 |
| NOI | $83.6k | $15.12 |
5,527 SF · lease $24.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.39M
NOI $83,568 @ 7.0% cap · market cap 7.96%
Second Best
Healthcare Medical
$1.19M
$1.04M – $1.39M
NOI $83,270 @ 7.0% cap · market cap 7.93%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,077 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
KSKJ Life
Insurance Agency
Amer Slovenian Catholic ...
Church
Location Insight
- Map
- Local Demand
- City
- Joliet
- County
- Will
- State
- Illinois
- Longitude
- -88.1424
- Latitude
- 41.529893
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Turnkey office building near Ascension St. Joseph Medical Center.
Where is this office building located?
The property is located at 2439 Glenwood Ave Joliet, IL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Freestanding ±9,410 SF office building in northwest Joliet.; Turnkey functionality with ±5,527 SF above‑grade and ±3,800 SF finished lower‑level office space, delivered vacant.; High‑quality construction with a clean masonry exterior, monument signage, and ample parking (36 spaces).
