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    FOR SALE
    Industrial properties

    1225 E Washington St, Joliet, IL 60433

    3.8 ac lot Built 1967
    Entity Owned 23-yr Hold Absentee Owner Free & Clear
    Property ID
    US28-2892170
    Property summary
    AI-generated overview

    This exceptional 36,500 square foot property at 1225 E Washington Street in Joliet, Illinois, presents a unique investment opportunity. Situated on a generous 3.8-acre lot, the building currently offers 26,000 square feet of two-story corporate office space and an additional 10,000 square feet of warehouse space. The flexible design allows for a variety of uses. Alternatively, the space could be easily converted back into approximately 30,000 square feet of open industrial space, catering to a broader range of businesses. The building's functionality is enhanced by the inclusion of one indoor loading dock and one drive-in door, facilitating efficient material handling. The property is zoned I-1, taking advantage of Will County's attractive tax rates. This presents a compelling opportunity for investors seeking a versatile property with significant potential. The seller is open to considering a self-storage conversion and is offering owner financing options, making this an even more accessible investment. This property is ideally suited for a variety of businesses seeking a strategic location in Joliet.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1967
    Lot 3.8 ac (165,528 SF)
    APN 30-07-14-200-018
    UPID US28-2892170
    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
    Current use
    Occupant on record · Public records
    • Easton Transportation Trucking Company
    • Stanford Design Marketing & Advertising Advertising Agency
    • DORA Partners Consultant
    • Dora Builders Construction Company General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Owner & transaction history
    Dora LLC · 23 yrs held
    Dora LLC
    since 2003
    4 recorded transactions
    2017
    2017
    2012
    2003
    $220,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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