Joliet Office Condo For
For Sale
$224,900
2720 Caton Farm Rd, Joliet, IL 60435
960 SF office condo in prime Joliet location.
Property Size6,280 SF
Price / SF$234.27
Days on Market144
Property Features for 2720 Caton Farm Rd
General Information
Standard status
Active
Size
6,280 SF
Property subtype
Office
Building Details
Building Size
6,280 SF
Listing Agency:
John Greene Commercial
Listed By:
Chris Condon · License #471002632
(815) 693-3005
Source:
Johngreenerealestate
Added: May 27
Changed: Oct 15
Last Checked: Oct 16 at 7:44AM
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 John Greene Commercial
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Investment Insights
Based on property information with market context.
This 960± SF office condo, constructed in 2005, features three private offices, a waiting room, a reception area with file storage, a kitchenette, and accessible attic storage. Zoned R-B, the property is suitable for office or office condo use. It includes 200 amp electric service, and furniture is included. The property is located in the northwest Joliet area, offering visibility along Caton Farm Road and convenient access to I-55, Route 59, and Route 30.
Key Highlights
- Prime northwest Joliet location with excellent visibility on Caton Farm Road and convenient access to I‑55, Route 59, and Route 30.
- Turnkey opportunity with included furniture.
- 960± SF office condo with three private offices, waiting room, reception area, kitchenette, and accessible attic storage.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,515
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,300
$290.3K
Cap Rate 7%
$207,357
$207.4K
Cap Rate 9%
$161,278
$161.3K
Market Conditions
NOI Build-Up for 960 SF
Gross rent
$23.0K $24.00/SF
− Vacancy
−$3.7K −$3.84/SF
EGI
$19.4K $20.16/SF
− OpEx
−$4.8K −$5.04/SF
NOI
$14.5K $15.12/SF
Area
Joliet, IL
Vacancy
16.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,300
Cap Rate 7%
$207,357
Cap Rate 9%
$161,278
Alternative Uses
Best Use
Office B
$207.4K
$181.4K – $241.9K
NOI $14,515 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$283.1K
$247.7K – $330.2K
NOI $19,814 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office units - 960 SF office condo in prime Joliet location.
Where is this office units located?
The property is located at 2720 Caton Farm Rd Joliet, IL.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Prime northwest Joliet location with excellent visibility on Caton Farm Road and convenient access to I‑55, Route 59, and Route 30.; Turnkey opportunity with included furniture.; 960± SF office condo with three private offices, waiting room, reception area, kitchenette, and accessible attic storage.
