Freestanding Office
3601 Mcdonough Street Joliet, IL 60431
3601 Mcdonough Street, Joliet, IL, 60431
$1,325,000
For Sale
$1,325,000
Built in 2010, this 7,680 SF office building offers a flexible layout and ample on-site parking.
Property Size7,680 SF
Price / SF$172.53
Days on Market270
Property Features for 3601 Mcdonough Street
General Information
- Standard status
- Active
- Size
- 7,680 SF
- Property subtype
- Office
Building Details
- Year Built
- 2010
Listing agency
Coldwell Banker Commercial Real Estate Group
(815) 405-3679
Listed by
Nicholas Ferro · License #471018453
(815) 405-3679
Source
Xome
Added: Oct 25, 2025 Updated: Jul 21 at 12:26PM Checked: Jul 21 at 12:26PM
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 Coldwell Banker Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This freestanding office building was built in 2010 and totals 7,680 SF. The property is described as having a spacious, modern layout designed for flexible business use, and it is presented as well-maintained.
The building is located at 3601 McDonough Street in Joliet, Illinois. It is zoned I-1 and includes ample parking for convenience.
For buyers seeking an office asset with a flexible interior configuration and dedicated parking, this property offers a straightforward option in a single-building format.
The building is located at 3601 McDonough Street in Joliet, Illinois. It is zoned I-1 and includes ample parking for convenience.
For buyers seeking an office asset with a flexible interior configuration and dedicated parking, this property offers a straightforward option in a single-building format.
Key Highlights
- Built in 2010, 7,680 SF office building at 3601 McDonough St, Joliet, IL
- Central air cooling
- Zoned I‑1 for a range of office uses
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 | $184.3k | $24.00 |
| − Vacancy | −$29.5k | −$3.84 |
| EGI | $154.8k | $20.16 |
| − OpEx | −$38.7k | −$5.04 |
| NOI | $116.1k | $15.12 |
7,680 SF · lease $24.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.66M
$1.45M – $1.94M
NOI $116,122 @ 7.0% cap · market cap 8.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,515 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Cichon Brian
Law Firm
Rossi John S
Law Firm
Bailey & Glasser
Law Firm
Helenhouse Pennie
Law Firm
Fladhammer Ron
Law Firm
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FAQs
What type of property is this?
Office building - Built in 2010, this 7,680 SF office building offers a flexible layout and ample on-site parking.
Where is this office building located?
The property is located at 3601 Mcdonough Street Joliet, IL.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Built in 2010, 7,680 SF office building at 3601 McDonough St, Joliet, IL; Central air cooling; Zoned I‑1 for a range of office uses
