Caton Commercial Real Estate has brokered the sale of a bank owned former restaurant in Joliet, IL for $245,000. The 2,436 square-feet building is located in 73 W Jefferson Street. The building was previously called McBrody’s across from the Will County Judicial Building in Downtown Joliet. Steve Caton of Caton Commercial Real Estate represented the seller and Coldwell Banker Honig-Bell represented as purchaser in the transaction.
SOLD – 2121 Oneida, Joliet
Caton Commercial Real Estate Group has sold 2121 Oneida in Joliet, a two-story professional/medical office building near the corner of Oneida St. and Hammes Ave. This location falls midway between Presence Health’s Provena St. Joseph medical campus and Joliet West High School.
The property closed on July 13, 2016 at a sale price of $1,800,000. Caton Commercial’s Randy Petri was the only real estate broker involved in the sale. The seller was Triumph Real Estate Partnership and the buyer was Red Brick Developers, LTD. The buyer intends to use office space in the building, which is a multi-tenant building. Any questions about this sale can be directed to Caton Commercial or Randy Petri.
Raymond Group to Build Home2 Suites by Hilton Hotel in Joliet
Caton Commercial Real Estate Group has sold a property to The Raymond Group that plans to build Home2 Suites by Hilton Hotel in Joliet. This heavy traffic area picks up plenty of vehicles per day; approximately 74,000 on I-55 and 33,700 on US 30. The hotel would be built on a 2.7-acre site located at the SW corner of Hennepin Drive and Louis Joliet Mall Entrance Rd, with the exact location to be 3554 Hennepin Dr. This three-story hotel will feature 115 rooms with desks and kitchens designed for extended stay guests. Construction is set to start toward the end of summer 2016 and should take about a year to complete. The Raymond Group also owns two Hampton Inn hotels in Joliet and TownePlace Suites by Marriot. Caton Commercial brokers on this property were Steve Caton, CCIM and Ron Swacker.