272 Caterpillar Drive
Retail | 3,000 SqFt
Marketing description
THE ASSET: The Property is improved by a single-story 3,000 square foot bank/ professional building and benefits from outstanding frontage and visibility and provides convenient access and ample parking. The building is positioned on a large 1.83-acre parcel (79,715 square feet). The Property enjoys 200 linear feet of frontage along Caterpillar Drive.
PROPERTY ZONING: The Property is zoned B-3 (Business District). The B-3 Business District is intended to accommodate regional-serving, transportation- oriented commercial uses, typically located along major arterial corridors, highway interchanges, and high-traffic commercial areas. Unlike neighborhood-focused B-1 or downtown-oriented B-2 districts, the B-3 classification is designed for larger- format retail, automotive uses, service businesses, and certain light industrial-type commercial operations that require greater visibility, access, and parking. Permitted uses include but are not limited to Retail and Commercial, Automotive Oriented uses, Service and Commercial Business uses, Restaurant and Entertainment uses, and Professional, Medical and Dental Offices.
VALUE ADD OPPORTUNITY: The 3,000 square foot building benefits from excellent visibility and frontage and has good signage and access. The versatile Property offers significant upside and can function as a single tenant building, or it can accommodate multiple tenants offering more flexibility when seeking a new tenant/tenants. The Property is also ideal for an owner-user, or can be completely redeveloped, taking advantage of the excellent location of the underlying real estate.
STRATEGIC RETAIL LOCATION: The Property is located along Caterpillar Drive between McDonough Street and W Jefferson Street (US Route 52), the area’s primary commercial and commuter corridor. The Property is shadow anchored by Walmart Supercenter and Menards and is convenient to national and local retailers and restaurants that drive traffic to the area. The Property is positioned along the municipal bus line and offers convenient access to key regional roadways, including US Routes 52, 6, and 30, Illinois Routes 7 and 59, and Interstates 80 and 55, providing strong connectivity throughout the broader region. Surrounded by established residential neighborhoods, apartment communities, Joliet Junior College, and area schools, the Property benefits from a built-in and consistent customer base.
TRAFFIC COUNTS: On average more than 22,800 vehicles per day pass near the Property along W Jefferson Street (US Route 52) and an additional 10,500 vehicles pass near the Property along McDonough Street.
DEMOGRAPHICS: Over 66,900 people live within 3 miles of the Property with an average household income of $104,848. More than 164,200 people live within 5 miles of the Property with an average household income of $110,288. Additionally, there are more than 59,100 employees within 5 miles of the Property.
Investment highlights
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.
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