For Sale: West Jefferson Street Shopping Plaza With 57 Percent Occupacy, But Is This Right Price?

JOLIET, IL — As the region's top producer of exclusive real estate stories, Joliet Patch is always on the lookout for our next important real estate story. We've brought you stories on Joe's Hot Dogs and Babe's Home Cookin' being available on the current market, but now there's a strip mall on West Jefferson Street, the one tucked behind the Mr. Submarine restaurant.

The strip mall is located at 1507 1/2 West Jefferson Street. According to the listing on LoopNet, you can now buy the Ameridant Plaza for $995,000. The commercial building consists of 10,300 square feet for multi-tenant retail.

"The property is currently approximately 57 percent 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," the LoopNet listing reads. "Current contractual base rent totals approximately $103,800 annually, or $8,650 per month."

The listing is being handled by Keller and Williams Premier Properties out of suburban Glen Ellyn.