Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2301 Ellis Ct Joliet, IL

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    283,666 SF warehouse divisible to 124,924 or 158,742 SF.

    Type:INDUSTRIAL
    Property size:
    158,742 SF
    Lot size:
    13.14 Acres
    Added:
    Sep 12, 2025
    Days on Market:
    202
    Last Refresh:
    Mar 29 at 9:22 pm

    Property Features for 2301 Ellis Ct

    General Information

    Standard status
    Active
    Size
    158,742 SF
    Lot size
    13.14 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 2301 Ellis Ct Contact us

    We can help!

    Listing Contact
    Caitlin Sullivan

    Listing agent Caitlin Sullivan

    Listing office Link Logistics - Corporate

    Listing date Sep 12, 2025

    Source Moodyscre

    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 Link Logistics - Corporate

    Overview

    Joliet Warehouse Space Available

    This property offers 283,666 square feet of space, including 5,958 square feet of office area divided into two pods of 2,947 square feet and 3,011 square feet. The space is divisible to 124,924 square feet or 158,742 square feet. It features a 32-foot clear height, 36 exterior docks, and 2 drive-in doors. Parking includes 79 car spaces, expandable to 163, and 92 trailer parking spaces. The property also provides heavy power.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • JustStorage — 305 S Larkin Ave, Joliet, IL 60436
    • Self Storage World — 2112 W Jefferson St, Joliet, IL 60435

    Location Insight

    • Map
    • Local Demand
    City
    Joliet
    County
    Will
    State
    Illinois
    Longitude
    -88.1228
    Latitude
    41.5235

    Nearby Similar for Lease

    • Contact for pricing

      Joliet Commercial Space Available

      High-visibility Joliet commercial space for office, retail, or service.
      407 W Jefferson Street unit: E, 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

      Move-in Ready Office Space Available

      Up to 3821 SF of office space for lease.
      2401 W Jefferson Street unit: 200, Joliet, IL 60435
      View Details
    • Contact for pricing

      Move-in Ready Office Space Available

      Office space for lease in a convenient Joliet location.
      2401 W Jefferson Street unit: 400, Joliet, IL 60435
      View Details
    • Contact for pricing

      Prime Commercial Space in Joliet

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

      Medical/Professional Office Space Available

      First-floor office/medical unit in St. Joseph Hospital Medical District.
      302 N Hammes Avenue unit: 3, Joliet, IL 60435
      View Details
    • Contact for pricing

      Commercial Space in Joliet, IL

      Retail space available for rent in Joliet, Illinois.
      18 S Larkin Avenue unit: 10, Joliet, IL 60436
      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 unit: 101, 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 unit: 101, Joliet, IL 60435
      View Details
    • Contact for pricing

      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

      Commercial property available for lease in Joliet, Illinois.
      100 Manhattan Road unit: 3, Joliet, IL 60433
      View Details
    • Contact for pricing

      Move-in Ready Office Suite

      Updated office space near Provena St. Joseph Hospital.
      300 N Hammes Avenue unit: C, Joliet, IL 60435
      View Details

    FAQs

    What type of property is this?
    Warehouse - 283,666 SF warehouse divisible to 124,924 or 158,742 SF.
    Where is this warehouse located?
    The property is located at 2301 Ellis Ct Joliet, IL.
    What are key features of this property?
    This property features: Large Size: 283,666 SF total space.; Divisible Space: Can be divided into 124,924 SF or 158,742 SF.; Ample Dock Doors: 36 exterior docks.
    (212) 297-1000
    We can help!
    Listing Contact
    Caitlin Sullivan
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!