Joliet, Illinois, with a population of around 150,000, offers a unique opportunity for investors to capitalize on the city's rich history, notable people, and appearances in popular culture. Shopping Centers in Joliet for sale present an attractive investment option, given the city's strategic location, approximately 35 miles southwest of Chicago. As a significant transportation hub, Joliet boasts various railroads and highways passing through the city, making it an ideal location for businesses and residents alike. The city's amenities, including the Pilcher Park Nature Center, Louis Joliet Mall, and Inwood Golf Course, contribute to its appeal. Furthermore, Joliet is home to several institutions, such as Joliet Junior College and the University of St. Francis, which attract students and professionals. The city's geography, with its irregular shape extending into nine different townships, offers a diverse range of opportunities for investors.
Joliet's Shopping Centers, with 6 listings available, offer a range of investment opportunities. These properties can represent a variety of investments, from retail spaces to mixed-use developments. With average prices per square foot at $487 USD and average sizes of 51,986 square feet, Shopping Centers in Joliet present a compelling case for investors. Additionally, the city's average cap rate of 6.83% further underscores the potential for strong returns. Restaurants, Specialty Properties, Land, and Office Properties are also available in Joliet, offering investors a range of options to diversify their portfolios. For instance, Restaurants in Joliet can benefit from the city's tourism attractions, such as the Rialto Square Theatre and the Joliet Area Historical Museum. Specialty Properties, like the Jacob A. Henry Mansion, can capitalize on the city's historical significance. Land and Office Properties, meanwhile, can take advantage of Joliet's growing economy and transportation infrastructure. Overall, Joliet's diverse range of properties and amenities make it an attractive destination for investors.
What is the average cap rate for shopping centers in Joliet?
The average cap rate for shopping centers in Joliet is 6.83%, making it an attractive option for investors seeking a stable return on investment in a city with a strong transportation infrastructure and a population of around 150,000.
