Property profile

1441-1447 Essington Rd Joliet, IL 60435

OFF-MARKET
Apartment buildings
10,887 SF 5.11 ac lot Built 2006
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Property summary

AI-generated overview

This exceptional 10,887 square foot single-story professional office condo presents a unique investment opportunity in the desirable Autumn Lake Business Park in Joliet, Illinois. Situated on a generous 5.11-acre lot, the building boasts high-quality construction and a modern, efficient layout. The property includes a fully built-out 2,187 square foot physical therapy office, seamlessly integrated with 8,700 square feet of versatile office space. This expansive office area features a large waiting room, numerous staff offices and workstations, dedicated nurse's stations, a conference room, a comfortable lounge, a break room, two x-ray rooms, and fifteen exam rooms. Ample parking is available both in front of and to the side of the building, ensuring convenient access for staff and clients. The strategic location on Essington Road offers easy access to major interstates and regional transportation networks. A monthly association fee of $1,600 covers a comprehensive range of services, including snow removal, landscaping, garbage removal, sign and parking lot maintenance, common area electricity, and roof replacement. The seller is offering flexible terms, including the possibility of purchasing a portion of the building or leasing a section of the space, providing adaptability to suit various buyer needs. This prime location and versatile space make this an ideal opportunity for a variety of businesses.

Property profile

Verified
Property type Apartment buildings
Year built 2006
Total area 10,887 SF
Lot 5.11 ac (222,592 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1441-1447 Essington Rd Joliet, IL 60435
Joliet metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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