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Property profile & analytics
FOR SALE
Commercial real estate
1350 S Briggs St Joliet, IL 60433
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-3433376
For Sale
1 / 34
Contact for pricing
1350 S Briggs St, Joliet, IL 60433
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Property summary
AI-generated overview
This exceptional 26.55-acre commercial land parcel presents a compelling redevelopment opportunity in Joliet, Illinois. Located at 1350 S Briggs St, this property is zoned R-B (Restricted Business) and benefits from low Will County taxes. Its strategic location offers unparalleled access to major transportation arteries, being less than one mile from the full I-80 interchange at Briggs Street. The site boasts existing utilities and features a substantial former YMCA building of 29,635 square feet, presenting potential for adaptive reuse or demolition. The property's size and zoning create significant potential for various commercial ventures, making it an attractive investment for developers seeking a prime location with redevelopment or rezoning possibilities. The asking price is subject to offer. The property's address is 1350 S Briggs St, Joliet, IL 60433.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
26.55 ac (1,156,518 SF)
APN
30-07-24-300-035
UPID
US28-3433376
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.28M
Owner & transaction history
Morning Star Mission Ministries · 4 yrs held
Morning Star Mission Ministries
since 2021
Last sale
$3.1M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Joliet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Joliet submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,375,000
ML approach
$3,490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.28M
Range $2.95M – $3.61M · ±10% · vs last sale $3.13M (Sep 30 2021)
Last sale anchor
$3.13M
Sep 30 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,793
Tax year 2023
Assessed value
$30,000
Assessed 2023
Previous assessed
$30,000
+0.0% YoY
Effective rate
9.31%
On assessed value
Assessed land
$10,000
Assessed improvement
$20,000
Land market value
$30,000
Improvement market value
$60,000
Total market value
$90,000
Applied tax rate
3,057.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Heating
NONE
Lot
26.55 ac (1,156,518 SF)
APN
30-07-24-300-035
UPID
US28-3433376
Jurisdiction
WILL
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
26.55 ac
Current owner
From public records · entity-resolved
Morning Star Mission Ministries
Individual
Mailing address
305 E WASHINGTON ST, JOLIET, IL 60433
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2021
$3,125,000
Morning Star Mission Ministries
Joliet Young Mens Christian Associa
Special Warranty Deed
$2,812,500 · Hometown National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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