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    Property profile & analytics

    359 Airport Dr Joliet, IL 60431-4894

    • Industrial properties
    • 3,528 SF
    • 1.91 lot acres
    OFF-MARKET
    Value Estimation
    $320,000
    Location Intelligence
    Property ID
    US28-4422767
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • JG Training Plus / Personal Trainer

    Property Details for 359 Airport Dr

    Lot size
    1.91 lot acres
    Property size
    3,528 SF
    Property type
    Industrial properties
    APN
    05-06-15-204-027-1007
    APU
    506152040271007

    Description

    This exceptional 3,280-square-foot industrial condo in Joliet, Illinois, presents a fantastic opportunity. Located at 359 Airport Drive, this single-tenant property boasts a prime location with convenient access to major highways I-55, I-80, and Route 52, ensuring efficient transportation and logistics. Built in 2002, the building features a durable concrete structure and includes a 14-inch deep dock leveler for easy loading and unloading. The warehouse space is complemented by 324 square feet of office space, providing ample room for administrative functions. The property sits on 1.5 acres of land and offers six parking spaces for convenience. Zoned I-1, this versatile space is suitable for various warehouse, flex, or distribution uses. The entire 3,280 square feet is currently vacant, ready for immediate occupancy. This is an ideal opportunity for businesses seeking a well-maintained, strategically located industrial space in a thriving area. The property's features and location combine to offer a compelling investment prospect. Contact us today to learn more about this exceptional opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $345,000

    • CAP approach

      CAP return
      Estimation
      6%
      $270,000
      6.5%
      $300,000
      7%
      $280,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $240,000
      Geo Method
      $290,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $320,000
      Retail
      $290,000
      Mixed-Use
      $305,000
      Hospitality
      $305,000
      Educational
      $285,000
      Residential Income
      $280,000
      Energy
      $295,000
      Income-Based Land
      $290,000
      Food Service
      $245,000

    Location Insight

    • Map
    • Local Demand
    City
    Joliet
    County
    Will
    State
    Illinois
    Longitude
    -88.1811
    Latitude
    41.5165
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,929
    $12,869
    $73,644
    $86,513
    -
    $38,607
    $220,932
    $259,539

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      323 Airport Dr

      INDUSTRIAL (GENERAL) • 2,000 SF
      323 Airport Dr, Joliet, IL 60431-4894
      View Details
    • Value Estimation
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      3,200 SF

      121 Airport Dr, Unit D

      INDUSTRIAL (GENERAL) • 3,200 SF
      121 Airport Dr, Joliet, IL 60431-7967
      View Details
    • Value Estimation
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      3,200 SF

      121 Airport Dr, Unit E

      INDUSTRIAL (GENERAL) • 3,200 SF
      121 Airport Dr, Joliet, IL 60431-7967
      View Details

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    359 Airport Dr
    Joliet, IL 60431-4894
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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