1507 1/2 W Jefferson Street 1507 1/2 W Jefferson St presents investors with an opportunity to acquire an 10, 300-square-foot multi-tenant retail property in Joliet, Illinois, combining existing cash flow with significant value-add potential through the lease-up of currently vacant space. The property is currently approximately 57% 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. Current contractual base rent totals approximately $103, 800 annually, or $8, 650 per month. Based on current underwriting, the property generates approximately $54, 144 in current NOI. The primary investment opportunity is the lease-up of the property's three vacant spaces. The underwriting projects annual income increasing to approximately $212, 600, with a stated pro forma NOI of $126, 910, providing meaningful upside as the property moves toward stabilization. The combination of existing income, approximately 42.7% vacancy, flexible suite sizes, and a manageable 10, 300-square-foot footprint makes the property particularly attractive to investors seeking a hands-on value-add retail opportunity.