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    1402 Spencer Rd Joliet, IL 60433

    For Sale
    $850,000

    Spacious industrial building, excellent location.

    Property size:
    6,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional property offers a unique opportunity to acquire a substantial industrial site in Joliet, Illinois. The offering encompasses 20 acres of land, conveniently situated south of I-80 and Briggs Street, providing easy access to major transportation routes. The property includes a 6,000 square-foot building, currently zoned I1 and annexed into the city of Joliet. The building itself is comprised of two main units. Unit 1 boasts dimensions of 60' x 40', featuring three 14' x 14' overhead doors, floor drains, and framed openings for office and storage space, including a loft area. Unit 2 measures 40' x 40', equipped with one 14' x 14' overhead door, floor drains, and similarly framed areas for office and loft storage. The property allows for exterior storage and utilities are available at the property line. The asking price of $850,000 is for the 10.94-acre parcel with the 6,000 square-foot building. An additional 10 acres are available for separate purchase. A survey is available upon request. This prime location offers significant advantages, with its proximity to major highways and a convenient four-mile distance to the Intermodal facility. This presents a compelling investment opportunity for businesses seeking a well-located, versatile industrial space.

    Property Features for 1402 Spencer Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,000 SF
    Lot Size
    476,546 SF

    Building Details

    Year Built
    2009
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Auto Repair Shop Kitchen & Bath Accounting Firm Storage Facility HVAC Service Electrical Service Electronics Store Computer & Electronic Repair Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Joliet
    County
    Will
    State
    Illinois
    Longitude
    -88.0446
    Latitude
    41.49408

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious industrial building, excellent location.
    Where is this commercial real estate located?
    The property is located at 1402 Spencer Rd Joliet, IL.
    What is the asking price?
    The asking price for this property is $850,000.
    (815) 741-7000
    Request Owner's contact information
    1402 Spencer Rd Joliet, IL 60433
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    Joliet, IL 60433
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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
    1402 Spencer Rd Joliet, IL 60433
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