1551 Plainfield Rd, Joliet

Investment Highlights

• Prime Investment Opportunity in Joliet, IL This stabilized multi-tenant asset at 1551 Plainfield Rd. is a cash flow machine, generating $174,235 in annual gross income. With long-term tenancy and staggered lease expirations, this property offers durable and predictable cash flow that savvy investors crave.
• High Returns, Low Risk With an in-place NOI of approximately $149,785 and a conservative NOI of around $132,797 after accounting for vacancy and management, this property supports a 7.38% cap rate, with potential for even higher returns closer to 7.5%. The attractive returns make this property a standout investment opportunity in the market.
• Modern Upgrades, Future-Proof Investment Extensive recent capital improvements, including new HVAC systems, hot water tanks, and parking lot upgrades, reduce near-term capital risk. The modernized interiors with functional ceiling heights not only enhance tenant appeal but also ensure long-term rent stability, making this property a future-proof investment.
• Turn-Key Investment with Minimal Maintenance With low deferred maintenance and major mechanicals already addressed, this property is a turn-key investment opportunity. Positioned for passive ownership, the property offers a low-maintenance, stabilized investment suitable for investors seeking steady income and minimal operational complexity.
• Flexible Pricing for Savvy Investors Priced at $1,795,950 this property offers compelling pricing with negotiability. Ideal for cash buyers and 1031 exchange investors. Don't miss out on this opportunity to secure a prime commercial real estate investment with high ROI potential.
• All utilities, including water, are paid directly by tenants and are separately metered, resulting in lower landlord expenses, cleaner expense reimbursements, and stronger, more predictable NOI.

• The property is located on Plainfield Road in Joliet, which is a major thoroughfare in the area. Plainfield Road sees a high volume of traffic daily, making it a prime location for a retail business looking to attract customers.
• The property is situated in a mixed-use area, with a combination of residential neighborhoods and commercial businesses nearby. This can potentially drive foot traffic to the retail establishment.
• Nearby attractions include the Louis Joliet Mall, which is a popular shopping destination in the area. The mall draws in a significant number of shoppers, providing a built-in customer base for businesses in the vicinity.
• The property is in close proximity to several dining options, such as popular chain restaurants and local eateries. This can be advantageous for a retail business as it can benefit from the nearby food traffic.
• The area has a diverse demographic profile, with a mix of age groups and income levels represented. This diversity can be beneficial for a retail business as it allows for a broad customer base and potential for increased sales.