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Samuel Stella

sam@stellarresultsrealty.com +1(224) 426-4652

$ 2,495,000

Est. payment -/mo

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Active

1523 Essington RD Joliet, IL 60435

11,842 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Office/Tech

Listing Status Active

Purchase Type For Sale

Square Footage 11,842 sqft

Price per Sqft $210

MLS Listing ID 12583596

Year Built 2006

Annual Tax Amount $44,887

Tax Year 2024

Lot Dimensions 150 X 368.9

Property Sub-Type Office/Tech

Property Description

High-Visibility, Income-Driven Office Complex in Joliet-Fully Leased with Expansion Potential. Nestled in a highly desirable area, this attractive commercial property offers a total of approximately 11,842 SF, comprising 8 office units/condos. Currently, the property is fully leased to four tenants, including three in the esteemed medical sector, making it a promising investment with reliable income streams. Property Highlights: Flexible Lease Structures: Each tenant manages their own utilities and insurance. The lease agreements are structured to accommodate stability and flexibility for investors. Potential for Expansion: Originally designed for 8 units, the property was subdivided into only 4 tenants. This configuration provides an exceptional opportunity to maximize income by reverting to the original 8-unit layout if tenants choose to downsize, unlocking higher income potential and future growth. Immediate Income & Stability: Fully leased with long-term agreements, the property guarantees immediate cash flow. The tenant mix and lease terms contribute to a stabilized income stream. Unique Investment Advantages: Diversified Tenant Base: All suites are currently leased, including a major national corporation with a multi-year sub-rent agreement for virtual and in-person office spaces. This anchor tenant ensures long-term demand and recurring revenue. Low Maintenance & High Return: The building is well-maintained and strategically configured to minimize operational costs while maximizing leasing efficiency. Strategic Location: Joliet is one of the fastest-growing markets in the southwest Chicago metro area, boasting excellent transportation access via I-80 and I-55, strong infrastructure, and a thriving business ecosystem. Why Invest in Joliet? Joliet continues to attract logistics firms, professional services, and expanding small businesses due to its strategic location, affordability, and ongoing municipal development. This property is well-positioned to benefit from both current tenant stability and future appreciation. Additional Highlights: Fully occupied with long-term tenants Owner motivated to sell due to relocation Opportunity for 1031 exchange buyers and experienced investors seeking solid returns Don't Miss This Rare Opportunity! Whether you're an experienced investor seeking strong, stable returns or a company looking for a managed asset in a high-growth corridor, this property offers excellent potential. Contact us today for a detailed financial packet, rent roll, and private showing. Serious inquiries only.

Location

State IL

County Will

Area Joliet

Interior

Cooling Central Air

Flooring Carpet, Vinyl

Fireplace N

Exterior

Roof Type Composition

Building

Dwelling Type Office/Tech

Structure Type Brick,Stone

Listed by Valdy Biernacki of Realty Executives New Image

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Samuel Stella

Designated Managing Broker / Owner License ID: 471.021016

+1(224) 426-4652

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Samuel Stella

1523 Essington RD Joliet, IL 60435

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1523 Essington RD