1507 1/2 W Jefferson St
Joliet, IL 60435
Ameridant Plaza · Local commercial Bien À vendre

1507 1/2 W Jefferson St presents investors with an opportunity to acquire an approximately
10,300-square-foot multi-tenant retail property in Joliet, Illinois, combining existing cash flow
with significant value-add potential through the lease-up of currently vacant space.
The property is currently approximately 57% occupied, with approximately 5,900 square feet
occupied and 4,400 square feet available for lease. Existing tenants represent a diversified
mix of neighborhood and service-oriented uses, including a church, tobacco and vape retailer,
barber shop, and childcare operation.
Current contractual base rent totals approximately $103,800 annually, or $8,650 per month.
Based on current underwriting, the property generates approximately $54,144 in current NOI.
The primary investment opportunity is the lease-up of the property's three vacant spaces. The
underwriting projects annual income increasing to approximately $212,600, with a stated pro
forma NOI of $126,910, providing meaningful upside as the property moves toward stabilization.
The combination of existing income, approximately 42.7% vacancy, flexible suite sizes, and a
manageable 10,300-square-foot footprint makes the property particularly attractive to investors
seeking a hands-on value-add retail opportunity.