Turnkey Medical Office
1445 Essington Road Joliet, IL 60435
1445 Essington Road, Joliet, IL, 60435
Contact for pricing
For Sale
Contact for pricing
Recently renovated medical suite with exam rooms and reception-ready interior for immediate patient-facing occupancy.
Property Size11,050 SF
Price / SF$180.90
Days on Market54
Property Features for 1445 Essington Road
General Information
- Standard status
- Active
- Size
- 11,050 SF
- Property subtype
- Retail, Office, Industrial
Listing agency
Pontarelli
Listed by
Nicole Quattrocchi · License #IL 471.014953
Source
Crexi
Added: May 30 Updated: Jul 10 at 1:52PM Checked: Jul 21 at 6:28AM
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 Pontarelli
Investment Insights
Based on property information with market context.
This modern, recently renovated medical office suite offers a practical, patient-focused layout within a multi-tenant building. The space is designed for efficient operations and includes nine fully built-out patient/exam rooms, an X-ray room or rooms, and a welcoming reception and waiting area. In addition, the suite features private offices, a conference room, and staff support space including a break room and kitchen, supported by a high-quality, professional lobby environment.
Located at 1445 Essington Road in Joliet, the suite is positioned for convenient access for both patients and staff, with close proximity to major highways. The surrounding area is described as having strong residential density and continued growth, contributing to a stable base of local demand for healthcare and professional services.
For owner-users, the existing medical improvements can help reduce upfront buildout costs and support a streamlined transition into occupancy, with the option to use the full square footage for a single practice or business. For investors, the property is presented as a value-add situation with the ability to lease available space within a proven medical and professional office setting, while the flexibility of the layout supports a range of healthcare and related professional uses.
Located at 1445 Essington Road in Joliet, the suite is positioned for convenient access for both patients and staff, with close proximity to major highways. The surrounding area is described as having strong residential density and continued growth, contributing to a stable base of local demand for healthcare and professional services.
For owner-users, the existing medical improvements can help reduce upfront buildout costs and support a streamlined transition into occupancy, with the option to use the full square footage for a single practice or business. For investors, the property is presented as a value-add situation with the ability to lease available space within a proven medical and professional office setting, while the flexibility of the layout supports a range of healthcare and related professional uses.
Key Highlights
- 11,050 SF recently renovated medical office suite in a multi‑tenant building at 1445 Essington Rd
- 9 fully built‑out patient/exam rooms plus access to X‑ray room(s)
- Reception and waiting area with private offices and a conference room for organized patient visits
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $265.2k | $24.00 |
| − Vacancy | −$42.4k | −$3.84 |
| EGI | $222.8k | $20.16 |
| − OpEx | −$55.7k | −$5.04 |
| NOI | $167.1k | $15.12 |
11,050 SF · lease $24.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.39M
$2.09M – $2.78M
NOI $167,076 @ 7.0% cap · market cap 8.36%
Second Best
Healthcare Medical
$2.38M
$2.08M – $2.77M
NOI $166,479 @ 7.0% cap · market cap 8.33%
Theoretical Best
Office A
$3.26M
$2.85M – $3.80M
NOI $228,072 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Rebecca C. ...
Physician
Joe Mathew George, ...
Physician
Ryan M Pizinger ...
Physician
Jacqueline Pizinger
Physician
Dr. Rebecca Kuo
Physician
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Similar Off Market Nearby
- Essington Road Animal Hospital — 1914 Essington Rd, Joliet, IL 60435
FAQs
What type of property is this?
Medical Office Space - Recently renovated medical suite with exam rooms and reception-ready interior for immediate patient-facing occupancy.
Where is this medical office space located?
The property is located at 1445 Essington Road Joliet, IL.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: 11,050 SF recently renovated medical office suite in a multi‑tenant building at 1445 Essington Rd; 9 fully built‑out patient/exam rooms plus access to X‑ray room(s); Reception and waiting area with private offices and a conference room for organized patient visits
