20620 Burl Ct
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20620 Burl Ct
19,755 SF 91% Leased Industrial Building Joliet, IL 60433 $1,800,000 ($91/SF) 7.53% Cap Rate
Investment Highlights
- 19755 sqft
- 1.80 Acres
- 6 Overhead Doors
- Industrial Zoning
Executive Summary
Seize the opportunity to own this prime mixed-use office & warehouse commercial building! This property is a versatile mixed-use commercial building located in the prime industrial hub of Joliet with I1(Industrial) zoning. Nestled on a sprawling 1.80-acre lot, this well-maintained property offers exceptional accessibility and convenience, situated just over a mile from I-80, ensuring easy transportation and logistics. Building Specifications include: Total Units: 12 (10 units currently leased, providing strong cash flow- only ~1700 sqft currently available), 6 overhead doors, 1 recessed loading dock & ample parking space for tenants and visitors. This property represents an excellent investment with its strategic location in Joliet's thriving commercial sector. The combination of office and warehouse spaces makes it ideal for businesses seeking a versatile base of operations. This property is generating steady rental income with room for growth. Whether you're looking to expand your commercial real estate portfolio or secure a reliable income-generating asset, this property offers the perfect blend of convenience, functionality, and profitability. Don't miss out on this prime investment opportunity in Joliet's bustling commercial landscape. Act now and capitalize on the potential this property has to offer!
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Fenced Lot
- Signage
Utilities
- Lighting
- Gas - Natural
- Water - Well
- Sewer - Septic Field
- Heating - Gas
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $340,433 (2023) | |
| Land Assessment | $56,359 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $284,074 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$56,359 (2023)
Improvements Assessment
$284,074 (2023)
Total Assessment
$340,433 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | I-1, Joliet (Industrial I-1) |
| I-1, Joliet (Industrial I-1) |
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20620 Burl Ct
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