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Springfield Plaza 151 S Springfield Ave 10,000 SF 100% Leased Office Building Joliet, IL 60435 $949,900 ($94.99/SF) 10.09% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Leased
- High-traffic area
- Established tenant base
- Near the I-55 and I-80 interchanges.
EXECUTIVE SUMMARY
Two-story, multi-tenant retail strip center for sale in Joliet, featuring a mix of established tenants. This investment opportunity is fully leased offering strong, stable cash flow. Enjoy excellent visibility and ample parking for customers, all situated amid bustling businesses and restaurants. Easy access to the I-55 and I-80 interchanges.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$120,698
|
$12.07
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$120,698
|
$12.07
|
| Taxes |
$8,795
|
$0.88
|
| Operating Expenses |
$16,068
|
$1.61
|
| Total Expenses |
$24,863
|
$2.49
|
| Net Operating Income |
$95,835
|
$9.58
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $120,698 |
| Annual Per SF | $12.07 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $120,698 |
| Annual Per SF | $12.07 |
| Taxes | |
|---|---|
| Annual | $8,795 |
| Annual Per SF | $0.88 |
| Operating Expenses | |
|---|---|
| Annual | $16,068 |
| Annual Per SF | $1.61 |
| Total Expenses | |
|---|---|
| Annual | $24,863 |
| Annual Per SF | $2.49 |
| Net Operating Income | |
|---|---|
| Annual | $95,835 |
| Annual Per SF | $9.58 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
10,000 SF
Building Class
C
Year Built
1974
Price
$949,900
Price Per SF
$94.99
Cap Rate
10.09%
NOI
$95,835
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,000 SF
Slab To Slab
8’
Building FAR
0.39
Lot Size
0.59 AC
Zoning
B-1, Joliet
Parking
45 Spaces (4.5 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
1 1
PROPERTY TAXES
| Parcel Number | 30-07-07-301-058 | Total Assessment | $105,000 |
| Land Assessment | $48,380 | Annual Taxes | $8,795 ($0.88/SF) |
| Improvements Assessment | $56,620 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
30-07-07-301-058
Land Assessment
$48,380
Improvements Assessment
$56,620
Total Assessment
$105,000
Annual Taxes
$8,795 ($0.88/SF)
Tax Year
2024
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Springfield Plaza | 151 S Springfield Ave
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