251 Center St Joliet, IL 60435
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.
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Senior Services of Will County Community Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.