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Investment Highlights

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

Executive Summary

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.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
3,000 SF
Building Class
C
Year Built
1997
Price
$1,093,680 CAD
Price Per SF
$364.56 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.83 AC
Parking
37 Spaces

Amenities

  • Signage
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Exceptionally bikeable
90/100

Nearby Major Retailers

Woodforest National Bank
Herc Rentals
Starbucks
7 Brew Coffee
MOOYAH Burgers, Fries & Shakes
Old National Bank
Golden Corral
Aurelio's Pizza
West Side Tractor Sales
Rent-A-Center

Property Taxes

Property Taxes

Parcel Number
05-06-13-200-022
Land Assessment
$207,494 CAD
Improvements Assessment
$254,219 CAD
Total Assessment
$461,713 CAD
  • Listing ID: 40263510

  • Date on Market: 2026-04-23

  • Last Updated:

  • Address: 272 Caterpillar Dr, Joliet, IL 60436

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