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Property profile & analytics
OFF-MARKET
Specialty properties

331 Ottawa St Joliet, IL 60436

14,220 SF 1.5 ac lot Built 1950
Property ID
Property summary
AI-generated overview

This exceptional property presents a unique investment opportunity in Joliet, Illinois. The offering encompasses two buildings totaling approximately 14,220 square feet, situated on a 1.5-acre lot. Originally serving as a church and hall, the buildings boast a functional layout with some recent updates, making them suitable for a variety of uses. The property includes a significant asset: a large parking lot with over 100 spaces, secured by a cinder block wall and chain link fence. Strategically located on the east side of Joliet, near the downtown business district and within easy reach of Interstate 80, this property benefits from convenient access to major transportation routes and a densely populated area. The buildings were constructed in 1950 and underwent renovations in 2003. The Will County location offers strong growth potential. This property is ideally suited for a church, non-profit organization, or community center. The property's address is 331 S Ottawa St, Joliet, IL 60436, and its APN is 07-16-235-040-0000. Note that a separate residential property at 337 S. Ottawa St is available for purchase at an additional cost.

Property profile
Verified
Property type Specialty properties
Year built 1950
Total area 14,220 SF
Lot 1.5 ac (65,340 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
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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