2201 Glenwood AveJoliet, IL 60435

  • Commercial real estate
  • 10,903 SF
For Sale
$1,000,000 View listing

Property Details for 2201 Glenwood Ave

Year built
1975
Lot size
1.63 AC
Property size (Sq ft)
10,903 SF
Property type
Commercial real estate
APN
30-07-07-116-041
APU
300707116041

Description

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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$44,604
$133,962
$366,038
$500,000
-
$401,886
$1,098,114
$1,500,000

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