Business & Tech

Joliet Plaza Inn & Suites Is For Sale

The property at 4200 West Jefferson Street, not far from the Joliet Municipal Airport, is available for purchase or for lease.

A for sale sign is now posted in front of the Joliet Plaza Inn & Suites at 4200 West Jefferson Street. The property is near I-55.
A for sale sign is now posted in front of the Joliet Plaza Inn & Suites at 4200 West Jefferson Street. The property is near I-55. (John Ferak/Joliet Patch Editor )

JOLIET, IL — Nearly two years after the Joliet City Council considered taking a vote to declare the Joliet Plaza Inn & Suites a public nuisance, the current property owner has put his land for sale. A large sign in front of 4200 West Jefferson Street advises motorists that the land consists of more than 7 acres. The property is zoned commercial.

People who are interested in acquiring the west-side Joliet parcel near the Interstate 55 exit for Joliet are asked to call property owner Pankaj Modi at 773-968-3203.

On Monday morning, Modi told Joliet Patch that he does not have a specific price he is seeking for the Joliet Plaza & Suites. The deal is negotiable, he said.

Find out what's happening in Jolietfor free with the latest updates from Patch.

Modi also told Patch that prospective investors may want to acquire the property for a redevelopment, perhaps for a retail center, medical building or storage unit facility.

Back in 2014, the 40-unit hotel sustained heavy damage from a severe storm, and city of Joliet officials remained upset with the owners of the Joliet Plaza Inn & Suites for being incredibly slow at bringing their storm-damaged property back up to city building code.

Find out what's happening in Jolietfor free with the latest updates from Patch.

Meanwhile, it's not uncommon for Joliet police officers to respond to the Plaza Inn & Suites to make an arrest.

In February, Patch reported that a 49-year-old Joliet man who was living at the Joliet Plaza Inn & Suites was taken to the Will County Jail after Joliet police say he attacked a woman inside Joe's Bar on the hotel property at 4200 West Jefferson St. around 2 a.m.

In August, a 36-year-old Wilmington woman was arrested at the Joliet Plaza Inn & Suites on several criminal charges including aggravated assault, criminal trespass, resisting a peace officer and obstructing justice. Joliet police went to the hotel for a disturbance call around 7:50 p.m.

Related Joliet Patch coverage:

Hotel On Jefferson St. Faces Public Nuisance Vote

A for sale sign is now posted in front of the Joliet Plaza Inn & Suites at 4200 West Jefferson Street. The property is near I-55. John Ferak/Patch
A for sale sign is now posted in front of the Joliet Plaza Inn & Suites at 4200 West Jefferson Street. The property is near I-55. John Ferak/Patch

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