1122 Collins StJoliet, IL 60432

Property Details for 1122 Collins St

Lot size

0.08 AC

Property type

Retail properties

Property subtype

Mixed-use properties

Description

This exceptional redevelopment opportunity encompasses a 0.85-acre portfolio of five properties situated on a high-traffic corner in Joliet, Illinois, near the Joliet Prison. The portfolio includes one commercial building, two residential houses, and two vacant lots, all situated on a combined 0.85 acres. The properties are currently 100% occupied, generating immediate cash flow, and could continue operating as is. The prime location at the intersection of Collins Street and Woodruff Road offers significant potential for various commercial ventures, such as a gas station, convenience store, or restaurant. The property's Class C designation and mixed-use zoning provide flexibility for a wide range of development plans. The asking price is $1,174,999. The legal description includes multiple pins: 30-07-03-400-006, 30-07-03-400-005, 30-07-03-400-022, and 30-07-03-400-004. The property consists of one building with three units spread across a single story. Full occupancy is expected to continue until November 2nd, 2024. This is an excellent investment opportunity for developers seeking a high-return project in a desirable location.

Location Insight

City

Joliet

County

Will

State

Illinois

Latitude

41.545

Longitude

-88.0723

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