Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Joliet Industrial Facility For Lease Title is generated by Realmo AI

    4300 Olympic Blvd, Joliet, IL

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Class A industrial facility with interstate access, ideal for distribution.

    Type:INDUSTRIAL
    Property size:
    221,541 SF
    Lot size:
    124.00 Acres
    Added:
    Aug 17, 2023
    Days on Market:
    1025
    Last Refresh:
    May 20 at 9:18 pm

    Property Features for 4300 Olympic Blvd

    General Information

    Standard status
    Active
    Size
    221,541 SF
    Lot size
    124.00 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 4300 Olympic Blvd Contact us

    We can help!

    Listing Contact
    Jeff Galante

    Listing agent Jeff Galante

    Listing office Lee & Associates | Chicago

    Listing date Aug 17, 2023

    Source Moodyscre

    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 Lee & Associates | Chicago

    HighLights

    • Excellent Interstate Access: Ideal for local and regional distribution at the corner of I‑80 and I‑55.
    • Substantial Power Supply: Featuring 4,000 amps of power at 277/480 volts.
    • Ample Parking: Includes 209 auto parking spaces and 63 trailer stalls.
    • Features 2 (12’ x 14’) drive‑in doors.
    • 24 dock doors (9’ X 10’), expandable to 43.
    • Pursuing LEED® certification.

    Overview

    This Class A industrial facility, part of the Rock Run Crossings development, offers 221,541 square feet of space suitable for distribution and warehousing. The property features 24 docks (9’ x 10’) expandable to 43, and 2 drive-in doors (12’ x 14’). A 130’/185’ truck court facilitates efficient operations, complemented by 209 auto parking spaces and 63 trailer parking stalls. The facility is equipped with an ESFR fire sprinkler system and a Ductilcrete floor system. Power is supplied by a 4,000 amp, 277/480 volt system. Located at the corner of I-80 and I-55, this facility is part of a two-building development within a 300-acre mixed-use project, providing excellent interstate access for local and regional distribution. Rock Run Crossings will accommodate a 677,000 SF build-to-suit for a Fortune 100 company. The property is pursuing LEED® certification. IDI Logistics is the developer and manager of the logistics real estate.
    Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Auto Repair Shop Big Box & Wholesale Store Gym & Fitness Center Auto Parts Store Hotel & Motel Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Joliet
    County
    Will
    State
    Illinois
    Longitude
    -88.1813
    Latitude
    41.4941

    Nearby Similar for Lease

    • $15 SF/Yr
      2,289 SF

      Updated Office Space in Joliet

      Move-in ready office space in a desirable Joliet location.
      32 Uno Circle, Joliet, IL 60435
      View Details
    • Sponsored
      Contact for pricing

      IL, Joliet - Essington Rd

      1000 Essington Rd, Joliet, IL 60435
      View Details
    • Contact for pricing

      Medical Suite Near St. Joseph

      Ground-level medical suite near St. Joseph Hospital in Joliet.
      2201 Glenwood Avenue, Joliet, IL 60435
      View Details
    • Contact for pricing

      Downtown Joliet Restaurant Opportunity

      Restaurant space for lease in downtown Joliet near courthouse.
      81 W Jefferson Street, Joliet, IL 60432
      View Details
    • $24 SF/Yr
      1,700 SF

      Storefront Retail Suite with Monument Signage

      Former Sport Clips storefront available with monument signage and reported 23,000 daily passersby.
      2615-2617 W. Jefferson, Joliet, IL 60435
      View Details
    • Contact for pricing
      950 SF

      High-Visibility Retail/Office End Unit

      Retail/Office end unit with high traffic and signage.
      3557 W Jefferson Street, Joliet, IL 60431
      View Details
    • Contact for pricing

      High-Visibility Commercial Space in Joliet

      Office, retail, or service space available in professional center.
      407 W Jefferson Street, Joliet, IL 60435
      View Details
    • Contact for pricing
      5,500 SF

      Prime Commercial Space in Joliet

      High-visibility location near major retailers and hospital.
      90 Barney Drive, Joliet, IL 60435
      View Details
    • $12 SF/Yr
      5,624 SF

      Retail Building with Drive-In Doors

      5,624 SF retail building with showroom and drive-in doors.
      7213 Roosevelt Rd, Forest Park, IL
      View Details
    • Contact for pricing

      Office Space in Joliet

      Office space for lease in a convenient Joliet location.
      70 McDonald Avenue, Joliet, IL 60431
      View Details
    • $8,750/Mo
      22,440 SF

      Joliet Warehouse with Heavy Power

      Two-building warehouse totaling 22,440 SF on 1.45 AC available for lease.
      801 E Cass Street, Joliet, IL 60432
      View Details
    • Contact for pricing

      Commercial Space in Joliet, IL

      Commercial property available for lease in Joliet, Illinois.
      100 Manhattan Road, Joliet, IL 60433
      View Details

    FAQs

    What type of property is this?
    Distribution center - Class A industrial facility with interstate access, ideal for distribution.
    Where is this distribution center located?
    The property is located at 4300 Olympic Blvd Joliet, IL.
    What are key features of this property?
    This property features: Excellent Interstate Access: Ideal for local and regional distribution at the corner of I‑80 and I‑55.; Substantial Power Supply: Featuring 4,000 amps of power at 277/480 volts.; Ample Parking: Includes 209 auto parking spaces and 63 trailer stalls.
    (630) 363-7605 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeff Galante
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4300 Olympic Blvd, Joliet, IL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!