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Prairie Pointe Medical Office Building 903 N 129th Infantry Dr 17,312 SF 100% Leased Office Building Joliet, IL 60435 $3,351,371 CAD ($193.59 CAD/SF) 7.50% Cap Rate

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Investment Highlights

100% occupied medical office | Stable, synergistic medical tenancy
Three lease renewals completed in 2026, demonstrating ongoing tenant commitment to the asset
Surrounded by numerous complementary healthcare providers, including dental, orthopedic, ophthalmology, therapy, kidney care, imaging, and more

Two original tenants remain at the property more than 20 years after development
4.4-year weighted average lease term as of 12/1/2026, with leases extending through 2035
1.6 miles from Saint Joseph Medical Center - Joliet, which has 489-beds

Executive Summary

Prairie Pointe Medical Office Building is a 17,312-square-foot medical office property situated on 2.23 acres in Joliet, Illinois. Constructed in 2005 and currently 100% occupied, the property has demonstrated strong historical occupancy and sustained leasing activity throughout its operating history. The building is leased to a stable and diversified roster of healthcare providers, including dental, oral surgery, endodontic, pulmonary, respiratory, sleep medicine, and women’s healthcare practices. Located within an established healthcare corridor, the property is less than two miles from Saint Joseph Medical Center, a 489-bed regional hospital, and is surrounded by complementary medical providers. The asset is positioned to benefit from a dense surrounding population base, strong daytime employment, and continued commercial growth throughout the Joliet market.

Prairie Pointe Medical Office Building Costar Brochure

Property Facts

Sale Type

Investment

Property Type

Office

Property Subtype

Medical

Building Size

17,312 SF

Building Class

Year Built

2005

Price

$3,351,371 CAD

Price Per SF

$193.59 CAD

Cap Rate

7.50%

NOI

$251,321 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Typical Floor Size

17,312 SF

Building FAR

0.18

Lot Size

2.23 AC

Parking

118 Spaces (6.82 Spaces per 1,000 SF Leased)

Security System

Storage Space

Monument Signage

Air Conditioning

Chicago Dental Implants & Oral Surgery
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Health Care and Social Assistance
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Professional Endodontics of Illinois is a privately held specialty dental practice providing endodontic services focused on the diagnosis and treatment of conditions affecting the dental pulp and root structures. The practice specializes in root canal therapy, retreatment procedures, cracked tooth repair, and endodontic surgery. Services are delivered in an outpatient clinical setting using advanced imaging and magnification technologies designed to support precise diagnosis and treatment. The organization operates multiple locations across Illinois, including offices in Mount Prospect, Des Plaines, Joliet, and Chicago Ridge. Professional Endodontics of Illinois provides care for both referred patients and individuals seeking same-day emergency treatment for acute dental pain. The practice emphasizes specialized endodontic care distinct from general dentistry, with procedures commonly completed in a single visit when clinically appropriate. Professional Endodontics of Illinois remains independently operated and privately held. The practice functions as a regional specialty provider supporting general dentists through referral-based services while also accepting direct patient appointments.