272 Caterpillar Dr - Bank FOR SALE


Joliet, IL 60436
$800,000 USD
312-637-6499
272 Caterpillar Dr, Joliet, IL for Sale
$800,000 USD
Bank - FOR SALE
1/5
null | Request Cap Rate

272 Caterpillar Dr
Joliet, IL 60436


HIGHLIGHTS

  • Property Zoning
  • Value Add Opportunity
  • Strategic Retail Location
  • Traffic Counts
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding bank/professional building located at 272 Caterpillar Drive in Joliet, Illinois (the “Property”). The Property is improved by a single-story bank/ professional building comprised of 3,000 square feet and is situated on 79,715 square feet of land (1.83 acres). The Property will be delivered vacant and offers the opportunity for a new owner to reposition the asset through the lease up of the vacant space to a single tenant user or multiple tenants. The building would also be ideal for an owner-user or offers the ability to redevelop the parcel. The Property is zoned B-3 (Business District). The Property is strategically positioned along Caterpillar Drive between McDonough Street and West Jefferson Street, one of the area’s primary commercial and commuter corridors. The site benefits from its proximity to major traffic drivers, including Walmart Supercenter and Menards, and is surrounded by a mix of national and local retailers and restaurants that generate consistent consumer activity. The Property is also located along a municipal bus route, enhancing accessibility for commuters and visitors. Surrounded by established residential neighborhoods, apartment communities, area schools, and Joliet Junior College, the site benefits from a built-in and stable customer base. Additionally, the Property offers convenient access to key regional transportation routes, including US Route 52, US Route 6, US Route 30, Illinois Route 7, and Illinois Route 59, as well as Interstate 80 and Interstate 55, providing strong regional connectivity. Joliet is located approximately 40 miles southwest of Chicago, further enhancing the Property’s accessibility and regional draw.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$267 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

272 Caterpillar Dr

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

1.83 AC

LAND SF

79,715 SF

ZONING

-

APN/PARCEL ID

05-06-13-200-022

ASK ABOUT THIS PROPERTY

Uriel EscobarHorvath & TremblayMore Info
312-637-6499

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Uriel EscobarHorvath & TremblayMore Info
312-637-6499

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.