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16106 IL-59

Plainfield, IL
Floors
2
Total Size
9,948 sqft
Zoning
Year Constructed
2007
Year Renovated
0
Building Class
Class B

About 16106 IL-59

Bank owned Multi-Tenant office building for sale. 100% rented on first and second floor. Building size is 9948sf on 1st & 2nd floors with the addition of a full lower level. Rentable sf on 1st & 2nd floors in 8,032. That does not include 4,000sf in the lower level that has elevator access, public bathrooms built and can be possibly rented. 1 tenant is month-to-month. Recently signed upstairs tenant to 3 more years. Excellent location, on south Route 59 between Renwick and Caton Farm Roads. 2nd floor unit with indoor elevator access. Established residential neighborhood. Investment opportunity in stable market with growth potential. Lot and building currently part of pin with retail center. Ca contract would prompt the bank to split the pin and create cross easement for parking and access. - Number of buildings: 1 - Class of space: Class B - Tenancy: Multiple Tenants

Internet Providers for 16106 IL-59

Provider Technology Max Download Speed Max Upload Speed
Comcast Cable
1 Gb/s
1 Gb/s
AT&T Illinois DSL
25 Mb/s
3 Mb/s
MegaPath Corporation Copper Wireline
6 Mb/s
6 Mb/s

The City: Joliet

On average, listings lease in the $20's per square foot per year. The Joliet region is experiencing a decline in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 33% decline in rent.

Compared to the rest of the Chicagoland market, the Joliet region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Median Rate Median Size
Joliet $24
/sqft/yr
2,220
sqft
Median Rate Median Size
Chicagoland $24
/sqft/yr
2,390
sqft

Median Rate over Time in Joliet