Single-Story Bank or Office
For Sale
Contact for pricing
272 Caterpillar Drive, Joliet, IL 60436
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 Market175
Property Features for 272 Caterpillar Drive
General Information
Standard status
Active
Size
3,000 SF
Total Parking Spaces
37
Lot size
1.83 Acres
Property subtype
Retail
Zoning
B-3
Investment Type
Value Add
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Stories
1
Listing Agency:
Horvath & Tremblay
Listed By:
John Przybyla · License #471010441
(312) 361-1643
Source:
Crexi
Added: Apr 23
Changed: Oct 4
Last Checked: Oct 12 at 7:58PM
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
Estimated NOI and Cap Rate
NOI / Yr
$35,532
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$710,640
$710.6K
Cap Rate 7%
$507,600
$507.6K
Cap Rate 9%
$394,800
$394.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$50.4K $16.80/SF
− Vacancy
−$3.0K −$1.01/SF
EGI
$47.4K $15.79/SF
− OpEx
−$11.8K −$3.95/SF
NOI
$35.5K $11.84/SF
Area
Joliet, IL
Vacancy
6.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$710,640
Cap Rate 7%
$507,600
Cap Rate 9%
$394,800
Alternative Uses
Best Use
Specialty Retail
$507.6K
$444.2K – $592.2K
NOI $35,532 @ 7.0% cap · market cap 4.44%
Second Best
Retail
$416.2K
$364.2K – $485.6K
NOI $29,137 @ 7.0% cap · market cap 3.64%
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
888
Businesses Nearby
321k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 34%
Dining 22%
Shops & Services 18%
Home Improvements & Furnishings 17%
Walmart
Superstores
110,582 visits/mo
0.3 miles
Menards
Home Improvements & Furnishings
52,960 visits/mo
0.2 miles
Aldi
Groceries
25,410 visits/mo
0.4 miles
Thorntons
Shops & Services
21,503 visits/mo
0.3 miles
Starbucks
Dining
16,524 visits/mo
0.3 miles
Demographics for 60436, IL
18,535
Population
7,136
Households
2.6
Avg Household Size
36
Median Age
14%
College-Educated
78%
High-School Grad
18.0 sq mi
ZIP Area
1,030
Density / Sq Mi
$63,570
Median Household Income
$33,514
Median Earnings
$1,242
Median Rent
$170,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
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
