Updated Office Suite with Eight
2541 Division Street, Joliet, IL 60431
Combined office unit offers multiple private offices, conference room, and updated improvements with ample parking.
Type:Retail, Office
Property size:
2,000 SFPrice / SF:
$197/SF- Added:
- Jun 8, 2026
- Days on Market:
- 29
- Last Refresh:
- Jun 20 at 4:29 am
Property Features for 2541 Division Street
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 2002
Listing office NTEG Realty LLC
Listing date Jun 8, 2026
Source Crexi
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 NTEG Realty LLC
HighLights
- Year built 2002 office space with 8 private offices plus a conference room
- Includes reception area, kitchen area, 2 bathrooms, storage closet, utility room, and flex room
- Recently updated with a roof installed about 4 years ago
- Cosmetic updates completed within the past couple years
- Plenty of parking available
- Two units combined into one larger office unit
Overview
This property consists of two units combined into one larger office suite. The space features eight private offices, a conference room, reception area, and a kitchen area. Additional interior utility and support areas include a storage closet and a utility room, along with a flex room for adaptable use. There are two bathrooms, providing convenience for office operations.
The offering includes recent exterior and interior updates. The roof was installed approximately four years ago, and cosmetic updates were completed over the past couple of years. Plenty of parking is available on site, supporting straightforward access for employees and visitors.
Designed for professional tenants seeking a ready-to-occupy office configuration, the suite’s office count, reception setup, and conference room support day-to-day workflow and client meetings. The included kitchen and two-bathroom layout can support longer workdays and team use, while the flex room adds flexibility for additional functions within an office environment.
The offering includes recent exterior and interior updates. The roof was installed approximately four years ago, and cosmetic updates were completed over the past couple of years. Plenty of parking is available on site, supporting straightforward access for employees and visitors.
Designed for professional tenants seeking a ready-to-occupy office configuration, the suite’s office count, reception setup, and conference room support day-to-day workflow and client meetings. The included kitchen and two-bathroom layout can support longer workdays and team use, while the flex room adds flexibility for additional functions within an office environment.
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 | $48.0k | $24.00 |
| − Vacancy | −$7.7k | −$3.84 |
| EGI | $40.3k | $20.16 |
| − OpEx | −$10.1k | −$5.04 |
| NOI | $30.2k | $15.12 |
2,000 SF · lease $24.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$432.0K
$378.0K – $504.0K
NOI $30,240 @ 7.0% cap · market cap 7.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$589.7K
$516.0K – $688.0K
NOI $41,280 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
webClinic Pro
Marketing & Advertising
Protect 1 Safety, ...
Industrial Manufacturer
Found My Voice, ...
Special Education Facility
Location Insight
- Map
- Local Demand
- City
- Joliet
- County
- Will
- State
- Illinois
- Longitude
- -88.1475527
- Latitude
- 41.5812196
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FAQs
What type of property is this?
Office units - Combined office unit offers multiple private offices, conference room, and updated improvements with ample parking.
Where is this office units located?
The property is located at 2541 Division Street Joliet, IL.
What is the asking price?
The asking price for this property is $394,900.
What are key features of this property?
This property features: Year built 2002 office space with 8 private offices plus a conference room; Includes reception area, kitchen area, 2 bathrooms, storage closet, utility room, and flex room; Recently updated with a roof installed about 4 years ago
