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$1,174,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12599103
Year Built 1900
Annual Tax Amount $4,033
Tax Year 2023
Lot Dimensions 197.8X187X197.8X187
Property Sub-Type Mixed Use
Property Description
Prime Corner Mixed-Use Property - Residential + Commercial + Yard Income + Billboard Upside Rare opportunity to own a high-visibility corner property on Collins St. featuring multiple income streams including residential units, commercial space, yard use, and billboard infrastructure across a 5-parcel assemblage (~0.85 acres). The property includes: One 2-unit building (studio + 2 bed unit). One single-family home (3 bed, 1 bath with basement). Commercial building with large usable yard. Existing electronic billboard (currently not operational). Current / Projected Income: Residential - currently ~$4,200/month with upside through stabilization. Commercial building - ~$2,000-$2,500+/month (projected). Yard / contractor / vehicle storage - additional income potential. Total income potential increases significantly depending on use and stabilization. Studio unit currently below market rent, providing immediate value-add opportunity. Ideal for an owner-user, contractor, automotive operator, or investor seeking a property with multiple income streams and strong visibility. Located near the Old Joliet Prison redevelopment, Downtown Joliet, and major highways (I-80/I-55), offering excellent access and exposure. Property includes electronic billboard structure (not currently operational) - potential for future advertising income or business visibility. Buyer to verify all rents, zoning, and uses.
Location
State IL
County Will
Area Joliet
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Mixed Use
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Listed by Joseph Diaz of Taylor Street Realty