300 Hammes Ave Joliet, IL 60435
- Commercial real estate
- 0.05 lot acres
Current Use by Public Records
- Steven E. Marek, DDS / Dentist
- Andrew A Roechner Jr DDS / Dentist / Dental Hygienist
- Larkin Clarence J DDS / Dentist
- Joliet Dental Center: Brumund Thomas J DDS / Dentist
- Marconi Joseph M DDS / Dentist
Property Details for 300 Hammes Ave
- Year built
- 1976
- Lot size
- 0.05 lot acres
- Property type
- Commercial real estate
- APN
- 30-07-07-306-004
- APU
- 300707306004
Description
Exceptional value in this 1,213 sq ft first-floor office condo situated in a 5,200 sq ft single-story brick building with a full basement. Conveniently located minutes from St. Joseph Medical Center and major highways I-55 and I-80. Previously used as a dental office, this versatile space features four exam rooms (adaptable as private offices), a waiting room (11x15), reception area (11x10) with file storage, an office (11x8), a dark room, lab, and a half-bath. Additional features include a 11x9 storage area with a sink, generous parking, a private exterior entrance from the rear parking lot, and easy access for those with mobility issues (doorways over 3.5 feet wide, hallway 4.8 feet wide). The full basement offers ample storage with both interior and exterior access. The building boasts a shared entry foyer with private unit entrances, and the monthly assessment (averaging just over $500 in 2024) covers snow removal, common area and exterior maintenance, building insurance, lawn care, utilities, and trash. This property presents a fantastic opportunity for owner-occupancy or as a rental investment. The 0.74-acre lot provides ample space. The building consists of four units, currently occupied by long-term owners.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $200,000
- 6.5%
- $200,000
- 7%
- $215,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $205,000
- Geo Method
- $175,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $180,000
- Retail
- $190,000
- Mixed-Use
- $190,000
- Hospitality
- $180,000
- Educational
- $195,000
- Residential Income
- $170,000
- Energy
- $175,000
- Income-Based Land
- $225,000
- Food Service
- $210,000
Location Insight
- Map
- Local Demand
- City
- Joliet
- County
- Will
- State
- Illinois
- Longitude
- -88.1317
- Latitude
- 41.5279
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
