1225 E Washington St, Joliet, IL 60433
For Sale
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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.
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Easton Transportation Trucking Company
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Stanford Design Marketing & Advertising Advertising Agency
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DORA Partners Consultant
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Dora Builders Construction Company General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.