Climate Controlled Warehouse
300 W Joliet Ottawa, IL 61350
300 W Joliet, Ottawa, IL, 61350
$899,000
For Sale
$899,000
For lease, 3,947 SF of climate controlled warehouse space.
Property Size3,947 SF
Price / SF$227.77
Days on Market51
Property Features for 300 W Joliet
General Information
- Standard status
- Active
- Size
- 3,947 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1985
Listing agency
Caton Commercial
(708) 289-8912
Listed by
Matthew Maul · License #475156204
Source
Catoncommercial
Added: Jun 2 Updated: Jul 21 at 8:24PM Checked: Jul 21 at 8:24PM
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 Caton Commercial
Investment Insights
Based on property information with market context.
This listing offers 3,947 SF of climate controlled warehouse space available for lease. The space is designed for tenants that require temperature-controlled storage or operations within a warehouse setting.
The property is located at 300 W Joliet in Ottawa, Illinois. This central address provides a straightforward option for businesses seeking warehouse space with climate control.
The information provided focuses on the size and climate controlled nature of the available warehouse area; additional details on layout, utilities, or site improvements are not included here.
The property is located at 300 W Joliet in Ottawa, Illinois. This central address provides a straightforward option for businesses seeking warehouse space with climate control.
The information provided focuses on the size and climate controlled nature of the available warehouse area; additional details on layout, utilities, or site improvements are not included here.
Key Highlights
- For lease: 3,947 SF climate‑controlled warehouse space
- Building year built: 1985
Local Financial Insights For Warehouse
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 | $38.4k | $9.72 |
| − Vacancy | −$2.1k | −$0.53 |
| EGI | $36.3k | $9.19 |
| − OpEx | −$5.4k | −$1.38 |
| NOI | $30.8k | $7.81 |
3,947 SF · lease $9.72/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$440.2K
$385.2K – $513.6K
NOI $30,817 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$987.9K
$864.4K – $1.15M
NOI $69,151 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Adventure Marketing Solutions
Advertising Agency
Kim Miner LAc
Medical Clinic
SGContact
Advertising Agency
Ottawa Slots
Bar & Pub
Ho-Jo Construction
Construction Company
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FAQs
What type of property is this?
Warehouse - For lease, 3,947 SF of climate controlled warehouse space.
Where is this warehouse located?
The property is located at 300 W Joliet Ottawa, IL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: For lease: 3,947 SF climate‑controlled warehouse space; Building year built: 1985
