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Multi-Tenant Retail Center
New
For Sale
$995,000

1507 1/2 W Jefferson Street, Joliet, IL 60435

Commercial Sale, Joliet, IL

Property Size10,300 SF
Lot Size0.24 Acres
Price / SF$96.60
Days on Market3

Property Features for 1507 1/2 W Jefferson Street

General Information

Property type Commercial Sale
Property subtype Retail
Zoning COMMR
Directions Heading West on I-80, take the exit onto IL-7 N/S Larkin Ave. Turn right onto US-52 E/W Jeffeson St. Turn left, destination is on the right.
Subdivision Joliet
Standard status Active
APN 3007083120051001
Lot size 0.24 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 16955

Utilities

Cooling system Central Air

Building Details

Year built 1973
Floors in Building 1
Number of units 9
Listing Agency: Keller Williams Premiere Properties · Keller Williams Realty
Listed By: Charles McCann · License #475158020
Added: Sep 1 Changed: Sep 2 Last Checked: Sep 3 at 12:06AM
MLS# 12748229

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.

Investment Insights

Based on property information with market context.

The property at 1507 1/2 W Jefferson Street is a 10,300-square-foot multi-tenant retail center built in 1973. Approximately 5,900 square feet is occupied, while 4,400 square feet is available across three vacant spaces. Existing occupants include a church, tobacco and vape retailer, barber shop, and childcare operation, creating a mix of neighborhood and service-oriented commercial uses. The building is served by central air conditioning and is zoned COMMR.

With approximately 57% occupancy, the property offers a combination of established tenancy and available suite area within a manageable footprint. Its Joliet location places the center in Will County, Illinois, and the flexible configuration supports continued leasing activity across the vacant spaces.

Key Highlights

  • 10,300‑square‑foot multi‑tenant retail property
  • Approximately 57% occupied, with 5,900 square feet occupied
  • 4,400 square feet available across three vacant spaces

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Big Box & Wholesale Store Gym & Fitness Center Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

57%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

684
Businesses Nearby
255k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 43% Groceries 33% Shops & Services 21% Electronics 3%
Tony's Fresh Market Groceries
42,343 visits/mo 0.4 miles
Jewel-Osco Groceries
40,966 visits/mo 0.1 miles
McDonald's Dining
38,107 visits/mo 0.1 miles
White Castle Dining
16,710 visits/mo 0.4 miles
Speedway Shops & Services
15,942 visits/mo 0.3 miles

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Jefferson Center 1601 W Jefferson St, Joliet, IL 60435
  • Coinstar Kiosk - Bitcoin ATM 1401 W Jefferson St Jewel, Joliet, IL 60435
  • Jefferson Plaza Shopping Center 1005 W Jefferson St, Joliet, IL 60435

Frequently Asked Questions

What type of property is this?
Shopping center - Neighborhood-oriented retail center with flexible suites, central air, and COMMR zoning.
Where is this shopping center located?
The property is located at 1507 1/2 W Jefferson Street Joliet, IL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 10,300‑square‑foot multi‑tenant retail property; Approximately 57% occupied, with 5,900 square feet occupied; 4,400 square feet available across three vacant spaces
More about this property
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