Single-Story Bank or Office
272 Caterpillar Drive Joliet, IL 60436
For Sale
Contact for pricing
Single-story 3,000 SF bank/professional building on a 1.83-acre parcel with 200 linear feet of frontage and ample parking.
Property Size3,000 SF
Lot Size1.83 Acres
Price / SF$266.67
Days on Market92
Property Features for 272 Caterpillar Drive
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 1.83 Acres
- Property subtype
- Retail
Listing Agency:
Horvath & Tremblay
(312) 361-1643
Listed By:
John Przybyla · License #471010441
Source:
Crexi
Added: Apr 23
Changed: Jul 23
Last Checked: Jul 23 at 7:29AM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
The property is improved with a single-story 3,000 square foot bank/professional building. The site offers ample parking, good signage and access, and approximately 200 linear feet of frontage along Caterpillar Drive on a 1.83-acre parcel.
Zoned B-3 (Business District), the property is intended to accommodate regional-serving, transportation-oriented commercial uses typically found along major corridors. Permitted uses include retail and commercial uses, automotive-oriented uses, service and commercial business uses, and professional, medical, and dental offices.
Located along Caterpillar Drive between McDonough Street and W Jefferson Street (US Route 52), the property benefits from visibility on the area’s primary commercial and commuter corridor. It is shadow anchored by Walmart Supercenter and Menards and is positioned along the municipal bus line with access to major regional roadways, including US Routes 52, 6, and 30, Illinois Routes 7 and 59, and Interstates 80 and 55. Average traffic near the property is reported at more than 22,800 vehicles per day along W Jefferson Street and an additional 10,500 vehicles per day along McDonough Street.
Zoned B-3 (Business District), the property is intended to accommodate regional-serving, transportation-oriented commercial uses typically found along major corridors. Permitted uses include retail and commercial uses, automotive-oriented uses, service and commercial business uses, and professional, medical, and dental offices.
Located along Caterpillar Drive between McDonough Street and W Jefferson Street (US Route 52), the property benefits from visibility on the area’s primary commercial and commuter corridor. It is shadow anchored by Walmart Supercenter and Menards and is positioned along the municipal bus line with access to major regional roadways, including US Routes 52, 6, and 30, Illinois Routes 7 and 59, and Interstates 80 and 55. Average traffic near the property is reported at more than 22,800 vehicles per day along W Jefferson Street and an additional 10,500 vehicles per day along McDonough Street.
Key Highlights
- Single‑story 3,000 SF bank/professional building on a 1.83‑acre (79,715 SF) parcel
- 200 linear feet of frontage along Caterpillar Drive with access and ample parking
- Zoned B‑3 (Business District) for regional‑serving, transportation‑oriented commercial uses
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 | $72.0k | $24.00 |
| − Vacancy | −$11.5k | −$3.84 |
| EGI | $60.5k | $20.16 |
| − OpEx | −$15.1k | −$5.04 |
| NOI | $45.4k | $15.12 |
3,000 SF · lease $24.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$648.0K
$567.0K – $756.0K
NOI $45,360 @ 7.0% cap · market cap 5.67%
Second Best
Healthcare Medical
$645.7K
$565.0K – $753.3K
NOI $45,198 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$884.6K
$774.0K – $1.03M
NOI $61,920 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
NuMark Credit Union ...
Credit Union
FAQs
What type of property is this?
Bank - Single-story 3,000 SF bank/professional building on a 1.83-acre parcel with 200 linear feet of frontage and ample parking.
Where is this bank located?
The property is located at 272 Caterpillar Drive Joliet, IL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Single‑story 3,000 SF bank/professional building on a 1.83‑acre (79,715 SF) parcel; 200 linear feet of frontage along Caterpillar Drive with access and ample parking; Zoned B‑3 (Business District) for regional‑serving, transportation‑oriented commercial uses
