Joliet Office Condo For
2720 Caton Farm Rd Joliet, IL 60435
2720 Caton Farm Rd, Joliet, IL, 60435
Contact for pricing
For Sale
Contact for pricing
960 SF office condo in prime Joliet location.
Property Size960 SF
Price / SF$338.44
Days on Market54
Property Features for 2720 Caton Farm Rd
General Information
- Standard status
- Active
- Size
- 960 SF
- Property subtype
- Office
Building Details
- Year Built
- 2005
Listing Agency
john greene Real Estate
(815) 693-3005
Listed by
Chris Condon · License #IL 471002632
Source
Crexi
Added: May 26 Checked: Jul 17 at 6:35 am
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 Real Estate
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.
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 | $23.0k | $24.00 |
| − Vacancy | −$3.7k | −$3.84 |
| EGI | $19.4k | $20.16 |
| − OpEx | −$4.8k | −$5.04 |
| NOI | $14.5k | $15.12 |
960 SF · lease $24.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$207.4K
$181.4K – $241.9K
NOI $14,515 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$283.1K
$247.7K – $330.2K
NOI $19,814 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Korst Michael J
Law Firm
Korst Eugene J
Law Firm
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FAQs
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 $324,900.
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.
