Remodeled Mixed-Use Limestone
For Sale
Contact for pricing
417 Taylor Street, Joliet, IL 60435
Two-level layout combines professional offices with a private upper-floor residential or office arrangement.
Property Size25,300 SF
Price / SF$0.27
Days on Market2030
Property Features for 417 Taylor Street
General Information
Standard status
Active
Size
25,300 SF
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Office Units
7
Building Details
Year Built
1938
Buildings
1
Stories
2
Construction
Provincial style limestone
Tenancy
Single
Owner Occupied
No
Listing Agency:
Kale Realty
Listed By:
Jessica Gilbert · License #475208922
(336) 926-9200
Source:
Compass
Added: Mar 27, 2021
Changed: Oct 14
Last Checked: Oct 15 at 1:08AM
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 Kale Realty
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Investment Insights
Based on property information with market context.
This provincial-style limestone mixed-use building, constructed in 1938, provides distinct office and residential-use components. The approximately 1,255-square-foot upper level includes a private full bathroom, two private rooms or office spaces, and a shared kitchen. The lower level contains approximately 2,961 square feet with a furnished reception lobby, board room, employee meeting area, additional kitchen, two bathrooms, and five large private offices.
The property has been completely remodeled with a professional office layout that can accommodate organizations requiring multiple enclosed workspaces and shared meeting areas. Its setting next to a university campus places it near major highways and the Joliet commuter station.
The property has been completely remodeled with a professional office layout that can accommodate organizations requiring multiple enclosed workspaces and shared meeting areas. Its setting next to a university campus places it near major highways and the Joliet commuter station.
Key Highlights
- Mixed‑use limestone building constructed in 1938
- Approximately 1,255 SF upper level with private bath, two rooms, and shared kitchen
- Approximately 2,961 SF lower level with five private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$302,177
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,043,540
$6.0M
Cap Rate 7%
$4,316,814
$4.3M
Cap Rate 9%
$3,357,522
$3.4M
Market Conditions
NOI Build-Up for 25,300 SF
Gross rent
$531.3K $21.00/SF
− Vacancy
−$47.8K −$1.89/SF
EGI
$483.5K $19.11/SF
− OpEx
−$181.3K −$7.17/SF
NOI
$302.2K $11.94/SF
Area
Joliet, IL
Vacancy
9.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,043,540
Cap Rate 7%
$4,316,814
Cap Rate 9%
$3,357,522
Alternative Uses
Best Use
Office B
$5.46M
$4.78M – $6.38M
NOI $382,536 @ 7.0% cap · market cap 5,544.00%
Second Best
Mixed Use
$4.32M
$3.78M – $5.04M
NOI $302,177 @ 7.0% cap · market cap 4,379.38%
Theoretical Best
Office A
$7.46M
$6.53M – $8.70M
NOI $522,192 @ 7.0% cap · market cap 7,568.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
7
Office units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
589
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?
Mixed-use property - Two-level layout combines professional offices with a private upper-floor residential or office arrangement.
Where is this mixed-use property located?
The property is located at 417 Taylor Street Joliet, IL.
What are key features of this property?
This property features: Mixed‑use limestone building constructed in 1938; Approximately 1,255 SF upper level with private bath, two rooms, and shared kitchen; Approximately 2,961 SF lower level with five private offices
