Prairie Pointe Medical Office Building — Sale in Joliet, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Joliet, IL 60435
  • Year built: 2005

Photos

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Investment Figures

Cap rate
7.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Prairie Pointe Medical Office Building is a 17,312-square-foot medical office property situated on 2.23 acres in Joliet, Illinois. Constructed in 2005 and currently 100% occupied, the property has demonstrated strong historical occupancy and sustained leasing activity throughout its operating history. The building is leased to a stable and diversified roster of healthcare providers, including dental, oral surgery, endodontic, pulmonary, respiratory, sleep medicine, and women’s healthcare practices. Located within an established healthcare corridor, the property is less than two miles from Saint Joseph Medical Center, a 489-bed regional hospital, and is surrounded by complementary medical providers. The asset is positioned to benefit from a dense surrounding population base, strong daytime employment, and continued commercial growth throughout the Joliet market. Investment Highlights: • 100% occupied medical office | Stable, synergistic medical tenancy • Two original tenants remain at the property more than 20 years after development • Three lease renewals completed in 2026, demonstrating ongoing tenant commitment to the asset • 4.4-year weighted average lease term as of 12/1/2026, with leases extending through 2035 • Diversified tenant roster includes dental, oral surgery, endodontic, pulmonary, respiratory, sleep medicine, and women's healthcare providers • 1.6 miles from Saint Joseph Medical Center - Joliet, which has 489-beds • Surrounded by numerous complementary healthcare providers, including dental, orthopedic, ophthalmology, therapy, kidney care, imaging, and outpatient medical users • Average household income of $105,855 within a five-mile radius

Market Context

This office in Joliet, IL is listed for sale. It is offered at an approximate 7.5% capitalization rate, a key benchmark for income-producing office assets. The building dates to 2005. Compare it against other office listings for sale in Joliet, IL — view the full market.

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