Financial
Distress signals
Property profile

1600 Chicago St Joliet, IL 60436

OFF-MARKET
Commercial land
Property ID
US28-3461647
0.51 ac lot
Last sale Sep 2011
Entity Owned Owner of record is a legal entity (LLC / corporation). 14-yr Hold Held for 14 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is commercial land configured for redevelopment, featuring approximately 145 feet of frontage along Route 53. The site has documented vehicular traffic exposure, with an estimated 22,300 vehicles passing per day. Environmental remediation has been completed, and a No Further Action (NFA) letter has been received. The land is suited for uses such as auto or truck repair, storage, or development of small warehouse space.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$27k
Assessed land$27k
Effective rate8.29%

Value estimate

· Sep 2026
$295k
$266k – $325k
AI approach$295k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$134/SF
Submarket average, outlier-cleaned · 97 recorded sales of this use type
Observed band · Q1–Q3$70 – $226

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWILL

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm10.4
Hair Salon10.2
HVAC Service9.7

Location

1600 Chicago St Joliet, IL 60436-3102
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Patterson, Joliet, IL 60436 $2,315,200 May 2025 No data
Citys Edge, Joliet, IL 60436 $170,000 Dec 2024 No data
2608 Brandon, Joliet, IL 60436-8534 $725,000 Oct 2024 2,026 SF
2322 Brandon, Joliet, IL 60436-8533 $355,000 Oct 2024 1,568 SF
Mdw, Joliet, IL 60436 $1,442,916 Sep 2024 No data
362 Chicago, Joliet, IL 60436 $40,000 Aug 2024 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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