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    FOR SALE
    Flex space

    1214-1222 Essington Rd, Joliet, IL 60435

    Built 1997
    Property ID
    US28-Q002348
    Property summary
    AI-generated overview

    Great Location on well traveled Essington Road on Joliet's West Side. minutes to I-55 and I-80. This is a one owner custom built multi-use 11,200 square foot building on 1.46 acres with 158 feet of frontage on Essington Road. There are two offices each with 1,500 square feet and 8,200 square feet of warehouse, storage, shop space. There is an abundance of parking in the front, side and rear of the building, as well as possible parking inside. There are 2 offices, with three sections of warehouse space with two 14 foot overhead doors on the North Side of the building, one 14 foot overhead door on the East Side of the building and one 12 foot overhead door on the West Side of the building. There are high pitched ceilings in the warehouse space with a 1,500 square foot 2nd floor storage area. The front of the building is brick with metal walls on the other 3 sides. Walls and ceilings are insulated with drywall on all the warehouse interior and exterior walls. There is an interior 10 foot overhead door that separates 2 warehouse areas. The majority of the building is being used as Pines Rental & U-Haul Rental Services, this includes one of the 1,500 square foot offices and the majority of the warehouse space. Each office has its own exterior entrance. The other office is being leased to a real estate company. This office has a reception area, common area, 3 private offices, break/lunch room, utility room and bathroom. The warehouse has 2 bathrooms, utility sink and a mechanical room. The 2nd office does not have access to the warehouse space. Each office has its own furnace and central air conditioning, with separate meters for gas, electric and water. The warehouse has two gas heaters hung from the ceiling. Lots of potential uses for this property.

    Property profile
    Verified
    Property type Flex space
    Year built 1997
    UPID US28-Q002348
    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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