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    101 Springfield Ave Joliet, IL 60435

    Sponsored
    For Sale
    $399,900

    Spacious Office, Prime Joliet Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use property at 101 Springfield Avenue in Joliet, Illinois, presents a fantastic opportunity for a variety of businesses. The building boasts a generous open floor plan, ideal for flexible configurations to suit diverse operational needs. A newly paved parking lot ensures convenient access for clients and employees. The attractive front entryway is perfectly suited for a reception area, creating a professional first impression. The interior has been updated to include a modern heating and air conditioning system, ensuring year-round comfort. The building's location in Joliet offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in a thriving community. The property is offered at $399,900. While the square footage is not currently specified, the ample space and versatile layout offer significant potential for a wide range of commercial uses. This is a rare opportunity to acquire a well-maintained, conveniently located commercial property in a desirable area. The property sits on a lot with zero acres. Serious inquiries are encouraged to explore this promising investment.

    Property Features for 101 Springfield Ave

    General Information

    Property type
    Mixed-use properties

    Building Details

    Year Built
    1990
    Property Profile Location Intelligence

    Current Use by Public Records

    The Driveway Company LLC Asphalt Contractor Special Interest Answering Telephone Answering Service Chicago Driveways Asphalt Contractor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -88.13785
    Latitude
    41.52415

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    FAQs

    What type of property is this?
    Mixed-use property - Spacious Office, Prime Joliet Location
    Where is this mixed-use property located?
    The property is located at 101 Springfield Ave Joliet, IL.
    What is the asking price?
    The asking price for this property is $399,900.
    (815) 942-2705
    Request Owner's contact information
    101 Springfield Ave Joliet, IL 60435
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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
    101 Springfield Ave Joliet, IL 60435
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