Current Use by Public Records
- Office Spaces
Property Details for 6335 Joliet Rd
- Year built
- 1983
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional investment opportunity presents a fully leased, two-story office building located at 6335 Joliet Rd, Countryside, IL 60525. The 8,000 square foot building, constructed in 1983 and renovated in 2021, sits on a 0.43-acre lot (18,825 sq ft) and offers 6,350 square feet of net rentable space. Currently boasting 100% occupancy with three tenants, the property features a strong net operating income (NOI) of $80,207.70, resulting in a 10.69% cap rate. The building is zoned B2 and includes 18 parking spaces. The lease structure consists of three separate tenants; two first-floor tenants with long-term net leases at $5,000 per month each, expiring September 1st, 2027, and July 1st, 2025, respectively, and a second-floor tenant with a long-term NNN net lease at $6,000 per month, expiring April 30th, 2025. All leases include a 5-year renewal option. The property benefits from its prime location near major highways I-294 and I-55, offering convenient access to transportation and amenities. The asking price is $750,000, representing a price per square foot of $93.75. This energy-efficient geodesic building presents a turnkey investment opportunity with strong rental income and minimal need for additional investment. The property's appraised value supports the asking price.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Countryside
- County
- Cook
- State
- Illinois
- Longitude
- -87.8765
- Latitude
- 41.7752
