1513 Essington Rd Joliet, IL 60435
- Commercial real estate
- 11,842 SF
Current Use by Public Records
- Midwest Neurological Associates / Medical Clinic / Neurologist
- Grazyna M Piekos, MD / Neurologist / Doctor
- Genesis Orthopedics & Sports Medicine / Orthopedic Clinic
Property Details for 1513 Essington Rd
- Year built
- 2006
- Property size
- 11,842 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a prime 11,842 square foot commercial property located at 1513 Essington Road in Joliet, Illinois. Currently configured as four individual office condos, this property boasts a strong and stable tenant roster, with three medical tenants already in place. Each unit operates independently, with tenants responsible for their own utilities and insurance, ensuring a streamlined and low-maintenance ownership experience. The existing lease agreements offer a diverse mix of terms, providing both stability and flexibility in income generation. Originally designed as eight separate units, the current configuration presents a unique advantage. The potential exists to revert to the original eight-unit layout, significantly increasing rental income and offering substantial future growth potential. This could be achieved through downsizing of existing tenants or by attracting new occupants. The property's location in Joliet, Illinois, offers excellent accessibility and visibility, further enhancing its investment appeal. This is a rare opportunity to acquire a well-maintained, income-producing property with significant upside potential. The solid tenant base and flexible layout make this an ideal investment for those seeking a stable and rewarding return. This property offers a compelling blend of immediate income and long-term growth prospects.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Joliet
- County
- Will
- State
- Illinois
- Longitude
- -88.1617
- Latitude
- 41.5503
