Mixed-Use Building with Heated
New
For Sale
$1,500,000
1214-1222 Essington Road, Joliet, IL 60435
Commercial Sale, Joliet, IL
Property Size11,200 SF
Lot Size1.47 Acres
Price / SF$133.93
Days on Market4
Property Features for 1214-1222 Essington Road
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From Black Rd. take Essington Rd. North. From Rt.30 and interstate 55, go around the Louis Joliet Mall and take Essington Rd. South.
Subdivision
Joliet
Standard status
Active
APN
0506011010140000
Lot size
1.47 Acres
Additional Details
Tenant in Place
Yes
Property Use
Multi-use
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
37816
Utilities
Cooling system
Central Air
Building Details
Year built
1997
Floors in Building
2
Number of units
3
Building materials
Brick, Steel Siding
Buildings
1
Listing Agency:
Coldwell Banker Real Estate Group
(815) 744-1000
Listed By:
James Skorupa
(815) 553-2411
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 29 at 6:06AM
MLS# 12793183
Copyright © 2026 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.
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Investment Insights
Based on property information with market context.
The 11,200-square-foot building combines 3,000 square feet of business and office space with 8,200 square feet across two connected warehouse, shop, and storage areas. The warehouses are insulated and heated, with ceiling heights suited to vehicle and equipment access. Overhead doors include 14-foot doors on the north side, a 14-foot door on the east side, a 12-foot door on the south side, and an interior 10-foot door connecting the warehouse areas. A 1,500-square-foot second-floor storage room overlooks the first warehouse and could be converted to office space. The two office areas have separate furnaces, central air conditioning, bathrooms, utility rooms, and electric, gas, and water meters.
The property occupies 1.47 acres on Essington Road in Joliet, with 158 feet of frontage and parking areas at the front, side, and rear. Interstate 55, Interstate 80, Route 30, and Louis Joliet Mall are nearby. Built in 1997, the building has a brick front and partial brick sides, with a covered pedestrian roof extending across the front.
The property occupies 1.47 acres on Essington Road in Joliet, with 158 feet of frontage and parking areas at the front, side, and rear. Interstate 55, Interstate 80, Route 30, and Louis Joliet Mall are nearby. Built in 1997, the building has a brick front and partial brick sides, with a covered pedestrian roof extending across the front.
Key Highlights
- 11,200‑square‑foot building on 1.47 acres
- 3,000 square feet of office space and 8,200 square feet of warehouse, shop, and storage space
- Two connected warehouses are insulated and heated, with overhead doors up to 14 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,770
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,675,400
$2.7M
Cap Rate 7%
$1,911,000
$1.9M
Cap Rate 9%
$1,486,333
$1.5M
Market Conditions
NOI Build-Up for 11,200 SF
Gross rent
$235.2K $21.00/SF
− Vacancy
−$21.2K −$1.89/SF
EGI
$214.0K $19.11/SF
− OpEx
−$80.3K −$7.17/SF
NOI
$133.8K $11.94/SF
Area
Joliet, IL
Vacancy
9.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,675,400
Cap Rate 7%
$1,911,000
Cap Rate 9%
$1,486,333
Alternative Uses
Best Use
Warehouse
$2.01M
$1.76M – $2.35M
NOI $140,789 @ 7.0% cap · market cap 9.39%
Second Best
Mixed Use
$1.91M
$1.67M – $2.23M
NOI $133,770 @ 7.0% cap · market cap 8.92%
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M
NOI $231,168 @ 7.0% cap · market cap 15.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Drive-in doors
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
975
Businesses Nearby
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Business Placement
Demographics for 60435, IL
48,927
Population
20,162
Households
2.4
Avg Household Size
37
Median Age
23%
College-Educated
85%
High-School Grad
10.8 sq mi
ZIP Area
4,530
Density / Sq Mi
$74,967
Median Household Income
$41,201
Median Earnings
$1,145
Median Rent
$217,200
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office suites and connected, heated warehouse and shop space share a building with separate utility services.
Where is this mixed-use property located?
The property is located at 1214-1222 Essington Road Joliet, IL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 11,200‑square‑foot building on 1.47 acres; 3,000 square feet of office space and 8,200 square feet of warehouse, shop, and storage space; Two connected warehouses are insulated and heated, with overhead doors up to 14 feet
