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2201 Glenwood Ave Joliet, IL 60435

Commercial real estate Google Maps
10,903 SF 1.63 ac lot Built 1975
Entity Owned Absentee Owner ~ Est. High Equity
Estimated value (blended)
$405k
Range $365k – $446k (±10%)
Property ID US28-1608128

Property summary

AI-generated overview

This exceptional 21,000 square foot medical office building in Joliet, Illinois, presents a compelling investment opportunity. Situated on a 1.63-acre lot at 2201 Glenwood Ave, this Class B property boasts nine well-maintained suites, ranging from 320 to 2,590 square feet, with four currently available. Built in 1975, the single-story building features 100 parking spaces, ensuring ample convenience for staff and patients. Its prime location near major roadways, including I-80 and I-55, offers easy access for commuters. The property benefits from high visibility on Glenwood Avenue, with daily traffic exceeding 9,000 vehicles, enhanced by prominent signage. Surrounded by residential, commercial, and medical facilities, the building enjoys proximity to Joliet West High School, the University of St. Francis, and the Rock Run Preserve. Nearby amenities include the Louis Joliet Mall, casinos, and diverse dining options. The property is also available for sale at $1,175,000 ($55.95 per square foot). This presents a unique chance to acquire a well-positioned medical office building in a thriving area. The APN is 07-07-116-041.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1975
Total area 10,903 SF
Lot 1.63 ac (71,003 SF)
APN 30-07-07-116-041
UPID US28-1608128

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Dental Office
  • Physician
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.17M
Blend (final) Blend
$405k

Owner & transaction history

since 2025
Last sale
$960,000
4 recorded transactions
2025
$960,000
2008
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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