Glenwood Madison Professional Building | 2201 Glenwood Ave
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Glenwood Madison Professional Building 2201 Glenwood Ave
21,000 SF 69% Leased Office Building Joliet, IL 60435 $1,000,000 ($48/SF)
Investment Highlights
- Excellent visibility - 9,000 vehicles per day
- Long-term Tenants
- Adjacent to TIF district
- Existing medical improvements
- Monument signage
- Directly across the street from Ascension St. Joseph Hospital
Executive Summary
Suburban Real Estate Services headquartered in Naperville, IL is pleased to present this exclusive opportunity to purchase the Glenwood Madison Professional Building as a medical/office, owner-user property.
The 21,000+/- square foot, Class C, multi-tenant building, constructed in 1975, sits on 1.63 acres and is located in the heart of the hospital district.
The Property benefits from its corner location at Glenwood Avenue and Madison Street with two points of ingress/egress. The majority of the property fronts Glenwood Ave, directly across from Ascension St. Joseph Hospital, a Level II Trauma Hospital, and is located in a thriving residential and commercial area, which has seen continued growth over the past decade and is expected to continue growing in the near future.
The property has been a long-term stable asset and is being offered well below replacement cost and current assessed value.
The 21,000+/- square foot, Class C, multi-tenant building, constructed in 1975, sits on 1.63 acres and is located in the heart of the hospital district.
The Property benefits from its corner location at Glenwood Avenue and Madison Street with two points of ingress/egress. The majority of the property fronts Glenwood Ave, directly across from Ascension St. Joseph Hospital, a Level II Trauma Hospital, and is located in a thriving residential and commercial area, which has seen continued growth over the past decade and is expected to continue growing in the near future.
The property has been a long-term stable asset and is being offered well below replacement cost and current assessed value.
Data Room Click Here to Access
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Medical
Building Size
21,000 SF
Building Class
B
Year Built
1975
Price
$1,000,000
Price Per SF
$48
Percent Leased
69%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,500 SF
Building FAR
0.30
Lot Size
1.63 AC
Zoning
R-2 - Single-Family residential with detached dwellings at a low density, on lots smaller than the minimum for the R-1 District.
Parking
82 Spaces (3.9 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
320 - 6,459 SF Available in the Glenwood Madison Professional Building.
320 - 6,459 SF Available in the Glenwood Madison Professional Building.
320 - 6,459 SF Available in the Glenwood Madison Professional Building.
320 - 6,459 SF Available in the Glenwood Madison Professional Building.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 101 | 2,055 SF | Office/Medical | - | Now |
| 1st Fl-Ste LL 1 | 1,494 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste LL 4 | 320 SF | Office | - | Now |
| 1st Fl-Ste LL 5 | 2,590 SF | Office/Medical | - | Now |
1st Fl-Ste 101
| Size |
| 2,055 SF |
| Space Use |
| Office/Medical |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste LL 1
| Size |
| 1,494 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste LL 4
| Size |
| 320 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste LL 5
| Size |
| 2,590 SF |
| Space Use |
| Office/Medical |
| Condition |
| - |
| Available |
| Now |
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl-Ste 101
| Size | 2,055 SF |
| Space Use | Office/Medical |
| Condition | - |
| Available | Now |
320 - 6,459 SF Available in the Glenwood Madison Professional Building.
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl-Ste LL 1
| Size | 1,494 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
320 - 6,459 SF Available in the Glenwood Madison Professional Building.
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl-Ste LL 4
| Size | 320 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
320 - 6,459 SF Available in the Glenwood Madison Professional Building.
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl-Ste LL 5
| Size | 2,590 SF |
| Space Use | Office/Medical |
| Condition | - |
| Available | Now |
320 - 6,459 SF Available in the Glenwood Madison Professional Building.
1 of 1
PROPERTY TAXES
| Parcel Number | 07-07-116-041 | Improvements Assessment | $366,038 (2023) |
| Land Assessment | $133,962 (2023) | Total Assessment | $500,000 (2023) |
PROPERTY TAXES
Parcel Number
07-07-116-041
Land Assessment
$133,962 (2023)
Improvements Assessment
$366,038 (2023)
Total Assessment
$500,000 (2023)
1 of 31
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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Glenwood Madison Professional Building | 2201 Glenwood Ave
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