1122 Collins StJoliet, IL 60432

Property Details for 1122 Collins St

Year built

1900

Property type

Investment properties

Description

This exceptional investment opportunity encompasses a portfolio of five properties totaling 0.85 acres in the vibrant city of Joliet, Illinois. Strategically located at the corner of Collins Street and Woodruff Road, this assemblage offers significant potential for developers seeking a prime location near the historic Joliet Prison. The portfolio includes one commercial property situated on a prominent corner lot, two residential houses, and two vacant lots, providing flexibility for a variety of development scenarios. The combined acreage allows for substantial expansion or redevelopment, catering to a range of project visions. The existing structures are currently fully rented, generating immediate income while development plans are formulated. This presents a unique advantage, allowing for a seamless transition between existing revenue streams and future development projects. The properties are identified by the following PIN numbers: 30-07-03-400-006, 30-07-03-400-005, 30-07-03-400-022, and 30-07-03-400-004. This is a rare chance to acquire a substantial land holding in a rapidly growing area, offering both immediate return and long-term development potential. The asking price for this entire portfolio is $1,174,999. Don't miss this opportunity to shape the future of this prime Joliet location.

Location Insight

City

Joliet

County

Will

State

Illinois

Latitude

41.545

Longitude

-88.0723

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