Office Properties in Joliet for sale offer a unique investment opportunity in a city with a rich history and strong economic growth. As the third-most populous city in Illinois, Joliet has a diverse economy with major sectors in manufacturing, steel industry, and service sector, making it an attractive location for businesses. Office Properties in Joliet can represent a range of investments, from single-story buildings to multi-story complexes, each with its own unique characteristics and potential for growth. With amenities like the Pilcher Park Nature Center, Louis Joliet Mall, and Inwood Golf Course, Joliet provides a great quality of life for employees and residents alike. The city's infrastructure, including the Joliet Transportation Center and major highways, makes it easily accessible for commuters and clients. Additionally, Joliet is home to several notable institutions, such as Joliet Junior College and the University of St. Francis, which can provide a skilled workforce for businesses. With its strong economy and excellent amenities, Joliet is a great place for business and travel, with attractions like the Rialto Square Theatre and the Chicagoland Speedway.
Joliet's Office Properties for sale offer a range of options for investors, with 10 listings available. The city's office market is characterized by an average price per square foot of $159 USD and an average size of 12,404 square feet. The largest Office Property available is 26,000 square feet. In addition to Office Properties, Joliet also offers a range of other property types, including Commercial Real Estate, with its many retail and dining options along the Des Plaines River; Apartment Buildings, which provide housing for the city's growing population; Shopping Centers, like the Louis Joliet Mall, which offer a variety of retail and entertainment options; and Hotels, such as the Harrah's hotel and casino, which cater to the city's many visitors. Overall, Joliet's diverse economy and excellent amenities make it an attractive location for investors and businesses alike.
What is the average price per square foot for office properties in Joliet?
The average price per square foot for office properties in Joliet is $159 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Joliet, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed decision.
- Class A office properties are typically high-rise buildings with premium finishes, advanced technology, and prime locations, often attracting high-end tenants and commanding higher rental rates.
- Class B office properties offer functional space with standard amenities, suitable for a wide range of businesses, and are generally more affordable than Class A properties.
- Class C office properties are often older buildings with limited amenities, requiring renovation or updating, and are typically the most affordable option, appealing to startups or small businesses.
