Mixed-Use Warehouse and Apartment
New
For Sale
$1,195,000
1401-1409 Cornelius Avenue, Joliet, IL 60433
Commercial Sale, Joliet, IL
Property Size18,500 SF
Lot Size1.90 Acres
Price / SF$64.59
Days on Market6
Property Features for 1401-1409 Cornelius Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
INDUS
Directions
Richards or Briggs Street to Manhattan Road Rt 52 to Cornelius
Subdivision
Joliet
Standard status
Active
APN
3007224050300000
Lot size
1.90 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4092
Utilities
Utilities
Natural Gas Available
Cooling system
Central Air
Water source
Well
Amenities
central air conditioning
greenway area
Building Details
Year built
1915
Floors in Building
2
Number of units
12
Building materials
Frame
Roof type
Metal
Listing Agency:
Dow Realty
(815) 730-1900
Listed By:
Thomas Mulvey · License #471006114
(815) 730-1900
Added: Aug 25
Changed: Aug 27
Last Checked: Aug 30 at 10:06AM
MLS# 12740771
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property spans six lots and includes approximately 18,500 square feet of building area on approximately 1.9 acres. The improvements contain 12 total units: four apartments and eight warehouse or storage spaces. The residential component includes three one-bedroom apartments and one studio, while the commercial spaces feature concrete floors, metal or block walls, electrical service, and at least one overhead door per unit. Warehouse spaces are not heated, insulated, or plumbed. The largest warehouse measures 6,668 square feet and has high ceilings. A new roof was installed in 2024.
Ten units are currently rented, with two vacancies measuring 6,668 square feet and 1,584 square feet. The property includes rear parking, residential parking, a greenway area, and an included storage container. City sewer serves the property, while water is supplied by an on-site community well that also serves five neighboring homes. Three apartment tenants pay their own electric bills and have central air conditioning. The property is offered as-is.
Ten units are currently rented, with two vacancies measuring 6,668 square feet and 1,584 square feet. The property includes rear parking, residential parking, a greenway area, and an included storage container. City sewer serves the property, while water is supplied by an on-site community well that also serves five neighboring homes. Three apartment tenants pay their own electric bills and have central air conditioning. The property is offered as-is.
Key Highlights
- Approximately 18,500 square feet of building area on approximately 1.9 acres
- 12 total units: 4 apartments and 8 warehouse/storage spaces
- Largest warehouse unit measures 6,668 square feet with high ceilings
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Explore this area
Business Placement
Demographics for 60433, IL
16,526
Population
5,774
Households
2.9
Avg Household Size
37
Median Age
13%
College-Educated
79%
High-School Grad
13.6 sq mi
ZIP Area
1,215
Density / Sq Mi
$60,987
Median Household Income
$35,310
Median Earnings
$1,307
Median Rent
$167,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-structure property combines warehouse units with apartments, parking, a storage container, and a recently replaced roof.
Where is this mixed-use property located?
The property is located at 1401-1409 Cornelius Avenue Joliet, IL.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Approximately 18,500 square feet of building area on approximately 1.9 acres; 12 total units: 4 apartments and 8 warehouse/storage spaces; Largest warehouse unit measures 6,668 square feet with high ceilings
