1402 Spencer Rd, Joliet, IL 60433
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.
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
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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.