1513 Essington RdJoliet, IL 60435

For Sale
$2,495,000

Eight-unit office complex, strong tenant base.

Overview

Added:
Feb 3
Days on market:
40
This exceptional investment opportunity presents a prime 11,842 square foot commercial property located at 1513 Essington Road in Joliet, Illinois. Currently configured as four individual office condos, this property boasts a strong and stable tenant roster, with three medical tenants already in place. Each unit operates independently, with tenants responsible for their own utilities and insurance, ensuring a streamlined and low-maintenance ownership experience. The existing lease agreements offer a diverse mix of terms, providing both stability and flexibility in income generation. Originally designed as eight separate units, the current configuration presents a unique advantage. The potential exists to revert to the original eight-unit layout, significantly increasing rental income and offering substantial future growth potential. This could be achieved through downsizing of existing tenants or by attracting new occupants. The property's location in Joliet, Illinois, offers excellent accessibility and visibility, further enhancing its investment appeal. This is a rare opportunity to acquire a well-maintained, income-producing property with significant upside potential. The solid tenant base and flexible layout make this an ideal investment for those seeking a stable and rewarding return. This property offers a compelling blend of immediate income and long-term growth prospects.

Property Details for 1513 Essington Rd

Property type
Other commercial real estate
Square Feet
11,842 SF
Year Built
2006

Location Insight

City
Joliet
County
Will
State
Illinois
Latitude
41.5503
Longitude
-88.16168
1513 Essington Rd, Joliet, Illinois

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1513 Essington Rd
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