1122 Collins St Joliet, IL 60432
- Auto shops
- 0.08 lot acres
Current Use by Public Records
- Alexis Construction / General Contractor
Property Details for 1122 Collins St
- Lot size
- 0.08 lot acres
- Property type
- Auto shops
- APN
- Multiple Pins 30-07-03-400-006, 30-07-03-400-005, 30-07-03-400-022, 30-07-03-400-004 included.
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Joliet
- County
- Will
- State
- Illinois
- Longitude
- -88.0722786
- Latitude
- 41.5450346
