deal image
305 S Larkin AveJoliet, IL 60436
JustStorage Self-Storage Opportunity - Joliet, IL
Asset ClassSelf Storage
Call For Offers06/04/26
Year Renovated: 2016Square Feet: 103,160# Units: 1,051Access Data Room
Joliet, IL
overview of deal

Overview

The Cushman & Wakefield Self‑Storage Advisory Group has been exclusively retained to offer for sale JustStorage in Joliet, Illinois.

 

This offering presents the opportunity to acquire a well‑located, institutional‑quality self‑storage asset within a growing suburban submarket of the greater Chicago MSA, supported by population growth, expanding employment drivers, and continued residential development.

 

Converted in 2016, the property consists of approximately 103,160 rentable square feet across 1,051 units on an expansive 11.8‑acre site. The facility offers institutional‑quality features including climate‑controlled units, drive‑up access, and modern security systems with controlled gate access and video surveillance, positioning the asset to compete effectively within the local market.

 

The property is currently operating at approximately 82% physical occupancy with in‑place rents of $17.10, providing meaningful upside through improved occupancy and enhanced revenue management. The facility features a balanced unit mix of 871 climate‑controlled units and 180 drive‑up units, enabling it to serve a broad residential and commercial customer base.

 

Strategically located along South Larkin Avenue with proximity to I‑55 and I‑80, the property benefits from strong visibility and accessibility within a heavily trafficked commercial corridor. The surrounding trade area includes over 154,000 residents within a five‑mile radius and continues to experience residential and industrial growth. Joliet is emerging as a key logistics and distribution hub within the Chicago metro, supported by significant investment in industrial development, infrastructure, and job creation—reinforcing long‑term demand for self‑storage.

 

This offering provides investors with the opportunity to acquire a high‑quality, well‑located self‑storage asset with embedded upside through lease‑up and revenue optimization in a growth‑oriented suburban Chicago market.

Access the Data Room

Investment Highlights

  • Core Location: Well‑positioned within a core suburban Chicago trade area.
  • Institutional‑Quality Conversion: High‑quality conversion featuring modern design and an efficient layout.
  • In‑Place Cash Flow with Upside: Currently 82% physically occupied with $17.10 in‑place rents, providing clear occupancy and revenue growth potential.
  • Scale & Functional Unit Mix: The property totals 103,160 RSF across 1,051 units, featuring a balanced mix of approximately 81,700 SF of climate‑controlled space and approximately 21,500 SF of drive‑up product.
  • Strategic Location & Accessibility: Positioned along South Larkin Avenue with direct access to I‑55 and I‑80, offering connectivity to major employment and logistics corridors.
  • Chicago Logistics Growth Corridor: Located within a rapidly expanding logistics hub supported by intermodal infrastructure, employment growth, and population expansion.
deal gallery image
deal gallery image
deal gallery image
305 S Larkin AveJoliet, IL 60436

Cushman and Wakefield Self-Storage Advisory Group

deal image

Inquire

Listing provided by LightBox Revere