Single-Tenant Bank With
For Sale
Contact for pricing
1550 W Jefferson St, Joliet, IL 60435
Absolute NNN ground lease with no landlord maintenance obligations and scheduled rent increases.
Property SizeContact for details
Days on Market145
Property Features for 1550 W Jefferson St
General Information
Standard status
Active
Property subtype
Retail
Occupancy
100%
Site & Location
Drive-Thru
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
SVN Chicago Commercial
(312) 676-1866
Listed By:
Wayne Caplan · License #IL 475132248
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 29 at 4:15PM
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 SVN Chicago Commercial
Investment Insights
Based on property information with market context.
This single-story bank branch contains 4,944 SF and features all-brick construction, one tenant, and five drive-thru lanes. Bank of America occupies the building under an absolute NNN ground lease, while the offering includes fee simple ownership of the underlying land. The structure places no landlord maintenance responsibilities on the property owner.
The initial lease term was 25 years, with 14+ fixed years remaining, followed by five renewal options at 5 years each. Contractual rent increases of 10% every 5 years are included. The property sits at 1550 W Jefferson St in downtown Joliet, along a major arterial and near numerous national retailers. It is positioned at a signalized intersection with access from both bordering streets, less than 1 mile from Provena Health Center and 3 miles from the I-55 interchange. The site is within a 5-mile area containing 200,000 people and is part of the Chicago MSA.
The initial lease term was 25 years, with 14+ fixed years remaining, followed by five renewal options at 5 years each. Contractual rent increases of 10% every 5 years are included. The property sits at 1550 W Jefferson St in downtown Joliet, along a major arterial and near numerous national retailers. It is positioned at a signalized intersection with access from both bordering streets, less than 1 mile from Provena Health Center and 3 miles from the I-55 interchange. The site is within a 5-mile area containing 200,000 people and is part of the Chicago MSA.
Key Highlights
- 4,944 SF single‑story bank branch with all‑brick construction
- Five drive‑thru lanes and access from both bordering streets
- Absolute NNN ground lease with 14+ fixed years remaining on the initial 25yr term
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
317k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 29%
Groceries 26%
Electronics 2%
Tony's Fresh Market
Groceries
42,343 visits/mo
0.3 miles
Jewel-Osco
Groceries
40,966 visits/mo
0.3 miles
McDonald's
Dining
38,107 visits/mo
0.1 miles
Sam's Club Gas Station
Shops & Services
34,217 visits/mo
0.4 miles
White Castle
Dining
16,710 visits/mo
0.2 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Absolute NNN ground lease with no landlord maintenance obligations and scheduled rent increases.
Where is this bank located?
The property is located at 1550 W Jefferson St Joliet, IL.
What are key features of this property?
This property features: 4,944 SF single‑story bank branch with all‑brick construction; Five drive‑thru lanes and access from both bordering streets; Absolute NNN ground lease with 14+ fixed years remaining on the initial 25yr term
