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Property profile & analytics
OFF-MARKET
Office Spaces

251 Center St Joliet, IL 60435

16,303 SF 1.35 ac lot Built 1932
Property ID
Property summary
AI-generated overview

This exceptional 16,303 square foot office building at 251 N Center Street, Joliet, IL presents a unique investment opportunity. Built in 1932, the property retains classic charm while offering modern functionality. The building features 21 private offices, three large flexible spaces perfect for various uses, a fully equipped commercial kitchen, and a completely finished basement accessible by elevator. The expansive layout allows for significant customization to suit diverse business needs. The property includes two lots across Center Street, providing ample parking for employees and clients. Situated on a 1.35-acre lot, this property offers significant potential for expansion or future development. Its B-1 (Neighborhood Business) zoning within the City of Joliet ensures versatility and adaptability. The asking price is $1,304,240. This well-located office building represents a rare chance to acquire a substantial and versatile property in a desirable area of Joliet. The combination of historical character, modern amenities, and ample space makes this an exceptional investment opportunity.

Property profile
Verified
Property type Office Spaces
Year built 1932
Total area 16,303 SF
Lot 1.35 ac (58,806 SF)
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
Current use
Occupant on record · Public records
  • Bricellc.net Cosmetic Store
  • Senior Services of Will County Community Center
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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