Retail Strip Center
For Sale
Contact for pricing
123 Collins Street, Joliet, IL 60432
A 1,200-square-foot suite is available in a multi-tenant center with national and local businesses.
Property Size8,464 SF
Price / SF$0.00
Days on Market29
Property Features for 123 Collins Street
General Information
Standard status
Active
Size
8,464 SF
Net Rentable
1,200 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
2001
Tenancy
Multi
Listing Agency:
Baird & Warner
(708) 460-1400
Listed By:
Michael Galvan · License #471021529
(773) 732-8843
Source:
Helenoliveri
Added: Oct 1
Changed: Oct 28
Last Checked: Oct 28 at 4:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Baird & Warner
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A 1,200 RSF retail suite is available within an 8,464-square-foot strip center built in 2001. The property is occupied by national and local tenants, providing a multi-tenant setting for the available space.
The center is minutes from downtown Joliet and I-80, along a commercial corridor described as having foot and vehicle traffic.
The center is minutes from downtown Joliet and I-80, along a commercial corridor described as having foot and vehicle traffic.
Key Highlights
- 1,200 RSF available in an 8,464‑square‑foot strip center
- Built in 2001
- National and local businesses occupy the center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,207
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,644,140
$1.6M
Cap Rate 7%
$1,174,386
$1.2M
Cap Rate 9%
$913,411
$913.4K
Market Conditions
NOI Build-Up for 8,464 SF
Gross rent
$127.0K $15.00/SF
− Vacancy
−$9.5K −$1.13/SF
EGI
$117.4K $13.88/SF
− OpEx
−$35.2K −$4.16/SF
NOI
$82.2K $9.71/SF
Area
Joliet, IL
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,644,140
Cap Rate 7%
$1,174,386
Cap Rate 9%
$913,411
Alternative Uses
Best Use
Retail
$1.17M
$1.03M – $1.37M
NOI $82,207 @ 7.0% cap · market cap 456,705.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.50M
$2.18M – $2.91M
NOI $174,697 @ 7.0% cap · market cap 970,538.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,359
Businesses Nearby
123k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 36%
McDonald's
Dining
28,435 visits/mo
0.1 miles
Thorntons
Shops & Services
19,756 visits/mo
0.4 miles
Dollar Tree
Shops & Services
13,479 visits/mo
0.1 miles
Exxon
Shops & Services
8,003 visits/mo
0.4 miles
Burger King
Dining
7,666 visits/mo
0.1 miles
Demographics for 60432, IL
19,989
Population
7,287
Households
2.7
Avg Household Size
33
Median Age
13%
College-Educated
65%
High-School Grad
8.5 sq mi
ZIP Area
2,352
Density / Sq Mi
$64,099
Median Household Income
$33,920
Median Earnings
$1,261
Median Rent
$185,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - A 1,200-square-foot suite is available in a multi-tenant center with national and local businesses.
Where is this retail space located?
The property is located at 123 Collins Street Joliet, IL.
What are key features of this property?
This property features: 1,200 RSF available in an 8,464‑square‑foot strip center; Built in 2001; National and local businesses occupy the center
