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    Property profile & analytics
    OFF-MARKET Estimated value $650,000
    Industrial properties

    1402 Spencer Rd, Joliet, IL 60433

    10.47 ac lot Built 2007
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US28-3222810
    Property summary
    AI-generated overview

    This exceptional property offers a unique opportunity to acquire a substantial industrial site in Joliet, Illinois. The offering encompasses 20 acres of land, conveniently situated south of I-80 and Briggs Street, providing easy access to major transportation routes. The property includes a 6,000 square-foot building, currently zoned I1 and annexed into the city of Joliet. The building itself is comprised of two main units. Unit 1 boasts dimensions of 60' x 40', featuring three 14' x 14' overhead doors, floor drains, and framed openings for office and storage space, including a loft area. Unit 2 measures 40' x 40', equipped with one 14' x 14' overhead door, floor drains, and similarly framed areas for office and loft storage. The property allows for exterior storage and utilities are available at the property line. The asking price of $850,000 is for the 10.94-acre parcel with the 6,000 square-foot building. An additional 10 acres are available for separate purchase. A survey is available upon request. This prime location offers significant advantages, with its proximity to major highways and a convenient four-mile distance to the Intermodal facility. This presents a compelling investment opportunity for businesses seeking a well-located, versatile industrial space.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 2007
    Lot 10.47 ac (456,073 SF)
    APN 30-07-26-200-011
    UPID US28-3222810
    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
    AI Approach AI
    $395k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $650k
    Owner & transaction history
    Srr Venture LLC
    Srr Venture LLC
    since 2025
    Last sale
    $650,000
    3 recorded transactions
    2025
    $650,000
    2016
    $415,000
    2005
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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