Financial
Distress signals
Property profile

551 Columbia St Joliet, IL 60432

FOR SALE
Other commercial real estate
Property ID
US28-4797670
0.16 ac lot Built 1950
Last sale Oct 2021 · $150,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 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 a large corner brick building providing approximately 5,000 square feet of warehouse/garage space. The building includes utilities and support spaces, with heat, electricity, and water service, plus a bathroom, an office, and a layout suitable for a range of business uses such as automotive-related services (e.g., mechanic shop or auto detailing), light industrial work (e.g., carpentry or window repair), heating and air conditioning, light manufacturing, or general warehousing.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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$8k
Assessed improvement$19k
Effective rate8.92%

Value estimate

· Sep 2026
$145k
$131k – $160k
AI approach$140k

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency10.7
Electrical Service9.1
Smoke and Vape Shop9.1

Location

551 Columbia St Joliet, IL 60432
County assessor Recorded deeds · 6 transfers 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1602 Cass, Joliet, IL 60432-2706 $110,500 Feb 2026 N/A
701 Meeker, Joliet, IL 60432-1647 $183,000 Jan 2026 3,640 SF
1227 Cass, Joliet, IL 60432-2601 $275,000 Jul 2025 N/A
114 Jefferson, Joliet, IL 60432-4425 $107,000 Jun 2025 N/A
605 Jackson, Joliet, IL 60432-2420 $415,000 May 2025 N/A
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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