Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    High-Visibility Commercial Space on Plainfield Road Title is generated by Realmo AI

    1405 Plainfield Road, Joliet, IL 60435

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    COMMERCIAL - Joliet, IL

    Type:Retail
    Added:
    Nov 14, 2025
    Days on Market:
    188
    Last Refresh:
    May 21 at 9:06 pm

    Property Features for 1405 Plainfield Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    3051

    Utilities

    Cooling system
    Window Unit(s)

    Building Details

    Floors in Building
    1

    We can help!

    Listing Contact
    Tony George

    Listing agent Tony George License #475142363

    Listing office Real People Realty 9981 W. 190th Street. Unit, Mokena, IL

    Listing date Nov 14, 2025

    MLS# 12518413

    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.

    HighLights

    • High‑visibility location directly on Plainfield Road with heavy daily traffic.
    • Ideal for retail, office, medical, or service‑based businesses.
    • Prominent storefront with dedicated entry.
    • Convenient parking directly in front of the building.
    • Outstanding branding opportunities.
    • Located next to a gas station.

    Overview

    This front-facing commercial unit is located on Plainfield Road in Joliet, Illinois, offering exceptional visibility and exposure to heavy daily traffic. Situated next to a gas station, the property is suitable for retail, office, medical, or service-based businesses seeking a strong street presence and easy customer access. The unit features a prominent storefront, a dedicated entry, and convenient parking directly in front of the building. Its location along one of Joliet's busiest corridors provides outstanding branding opportunities and consistent drive-by impressions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Transaid Freight Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Joliet
    County
    Will
    State
    Illinois
    Longitude
    -88.1167697
    Latitude
    41.549097

    Nearby Similar for Lease

    • $15 SF/Yr
      2,289 SF

      Updated Office Space in Joliet

      Move-in ready office space in a desirable Joliet location.
      32 Uno Circle, Joliet, IL 60435
      View Details
    • Contact for pricing
      5,500 SF

      Prime Commercial Space in Joliet

      High-visibility location near major retailers and hospital.
      90 Barney Drive, Joliet, IL 60435
      View Details
    • Sponsored
      Contact for pricing

      IL, Joliet - Essington Rd

      1000 Essington Rd, Joliet, IL 60435
      View Details
    • Contact for pricing

      Joliet Commercial Space For Rent

      High-visibility commercial space suitable for office, retail, and service businesses.
      407 W Jefferson Street, Joliet, IL 60435
      View Details
    • Contact for pricing

      Therapy-Ready Commercial Space in Joliet

      Turn-key space ideal for physical or massage therapy practice.
      101 N 129th Infantry Drive, Joliet, IL 60435
      View Details
    • Contact for pricing

      Medical Suite Near St. Joseph

      Ground-level medical suite near St. Joseph Hospital in Joliet.
      2201 Glenwood Avenue, Joliet, IL 60435
      View Details
    • Contact for pricing

      Downtown Joliet Restaurant Opportunity

      Restaurant space for lease in downtown Joliet near courthouse.
      81 W Jefferson Street, Joliet, IL 60432
      View Details
    • Contact for pricing
      950 SF

      High-Visibility Retail/Office End Unit

      Retail/Office end unit with high traffic and signage.
      3557 W Jefferson Street, Joliet, IL 60431
      View Details
    • Contact for pricing

      Commercial Space in Joliet, IL

      Retail space available for rent in Joliet, Illinois.
      18 S Larkin Avenue, Joliet, IL 60436
      View Details
    • Contact for pricing

      Retail Space in Joliet, IL

      Commercial space for rent in Joliet, Illinois.
      1100 Houbolt Road, Joliet, IL 60431
      View Details
    • Contact for pricing

      Office Space in Joliet

      Office space for lease in a convenient Joliet location.
      70 McDonald Avenue, Joliet, IL 60431
      View Details
    • $8,750/Mo
      22,440 SF

      Joliet Warehouse with Heavy Power

      Two-building warehouse totaling 22,440 SF on 1.45 AC available for lease.
      801 E Cass Street, Joliet, IL 60432
      View Details

    FAQs

    What type of property is this?
    Retail space - Front-facing unit on Plainfield Road, ideal for diverse businesses.
    Where is this retail space located?
    The property is located at 1405 Plainfield Road Joliet, IL.
    What are key features of this property?
    This property features: High‑visibility location directly on Plainfield Road with heavy daily traffic.; Ideal for retail, office, medical, or service‑based businesses.; Prominent storefront with dedicated entry.
    (708) 634-0104
    We can help!
    Listing Contact
    Tony George
    Real Estate License ID: 475142363
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1405 Plainfield Road, Joliet, IL 60435
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!