Leased Car Dealership with Service Center in Joliet
Sold
2525 W. Jefferson St.
Joliet, IL 60435
17,100 SF
Car Dealership
The Details
- 17,100 SF car dealership
- Leased to Bill Jacobs Subaru through March 2015
- 10 year renewal option
- Includes showroom and service center
- Annual Rent: $222,000
- 8.8% cap rate
- Total Land Area: 2.66 acres
- Includes 39,790 SF of vacant land for potential future development
- Zoning: B-3 and R-5 (vacant land only)
- Taxes (2012): $47,796
Leased to Bill Jacobs Subaru, this 17,100 square foot car dealership is well located within the main retail corridor in Joliet. The dealership is on a 2.66 acre parcel and features a service center as well as the ample showroom. The property includes a 39,790 square foot parcel of vacant land at the rear of the site, providing room for future development.
Located in the southwest suburbs, Joliet is a large community with 148,000 residents. Jefferson is a major retail corridors in Joliet, with a large number of national retailers as well as several car dealerships along the busy street.