For Sale
$750,000

6335 Joliet Rd Countryside, IL 60525

Fully leased, high-cap rate office building.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a fully leased, two-story office building located at 6335 Joliet Rd, Countryside, IL 60525. The 8,000 square foot building, constructed in 1983 and renovated in 2021, sits on a 0.43-acre lot (18,825 sq ft) and offers 6,350 square feet of net rentable space. Currently boasting 100% occupancy with three tenants, the property features a strong net operating income (NOI) of $80,207.70, resulting in a 10.69% cap rate. The building is zoned B2 and includes 18 parking spaces. The lease structure consists of three separate tenants; two first-floor tenants with long-term net leases at $5,000 per month each, expiring September 1st, 2027, and July 1st, 2025, respectively, and a second-floor tenant with a long-term NNN net lease at $6,000 per month, expiring April 30th, 2025. All leases include a 5-year renewal option. The property benefits from its prime location near major highways I-294 and I-55, offering convenient access to transportation and amenities. The asking price is $750,000, representing a price per square foot of $93.75. This energy-efficient geodesic building presents a turnkey investment opportunity with strong rental income and minimal need for additional investment. The property's appraised value supports the asking price.

Highlights

  • Fully leased, 8,000 square foot office building.
  • Recently remodeled with a 10.69% cap rate.
  • Located on Joliet Road with 18,825 sq ft lot and 18 parking spaces.
  • Close proximity to I-294 and I-55.
  • Two-story building, energy-efficient design.

Property Details for 6335 Joliet Rd

Property type
Office properties, Medical offices
Square Feet
8,000 SF
Class
C
Year Built/Renovated
1983/2021
Buildings
1
Stories
2
Units
2

Location Insight

City
Countryside
County
Cook
State
Illinois
Latitude
41.7751706
Longitude
-87.8764966

FAQs

What type of property is this?
Office property - Fully leased, high-cap rate office building.
Where is the office property located?
The property is located at 6335 Joliet Rd Countryside, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Fully leased, 8,000 square foot office building.; Recently remodeled with a 10.69% cap rate.; Located on Joliet Road with 18,825 sq ft lot and 18 parking spaces.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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6335 Joliet Rd
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