This exceptional 21,000 square foot medical office building in Joliet, Illinois, presents a compelling investment opportunity. Situated on a 1.63-acre lot at 2201 Glenwood Ave, this Class B property boasts nine well-maintained suites, ranging from 320 to 2,590 square feet, with four currently available. Built in 1975, the single-story building features 100 parking spaces, ensuring ample convenience for staff and patients. Its prime location near major roadways, including I-80 and I-55, offers easy access for commuters. The property benefits from high visibility on Glenwood Avenue, with daily traffic exceeding 9,000 vehicles, enhanced by prominent signage. Surrounded by residential, commercial, and medical facilities, the building enjoys proximity to Joliet West High School, the University of St. Francis, and the Rock Run Preserve. Nearby amenities include the Louis Joliet Mall, casinos, and diverse dining options. The property is also available for sale at $1,175,000 ($55.95 per square foot). This presents a unique chance to acquire a well-positioned medical office building in a thriving area. The APN is 07-07-116-041.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$3,452,618
Hospitality
$3,162,579
Educational
$2,631,229
Medical
$2,721,720
Retail
$4,093,022
Location Insight
City
Joliet
County
Will
State
Illinois
Latitude
41.5301
Longitude
-88.1353
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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