1122 Collins St Joliet, IL 60432
For Sale
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Prime Corner Mixed-Use Investment | 5 Parcels | Income + Yard + Billboard Upside Rare opportunity to acquire a high-visibility corner portfolio at Collins St. & Woodruff Rd. in Joliet, just steps from the Joliet Prison redevelopment area. This offering includes 5 contiguous parcels (~0.85 acres) consisting of: Commercial corner building Two residential properties (including a 2-unit + single-family) Two additional lots Existing electronic billboard (not currently operational) Multiple income streams and value-add potential in one asset. Current / Projected Income: Residential: ~$4,200/month (below market with upside) Commercial building: ~$2,000–$2,500+/month (projected) Yard / contractor / vehicle storage: additional income potential Billboard: future activation opportunity Value-add opportunity through lease-up, rent stabilization, yard utilization, and billboard reactivation. The property can be operated as a cash-flowing mixed-use investment, or utilized by an owner-user seeking a highly visible location with supplemental income. Long-term, the assemblage provides redevelopment potential given its corner location, frontage, and surrounding growth. Located near Downtown Joliet, major transportation routes (I-80/I-55), and ongoing redevelopment activity. Rare opportunity to control a high-exposure corner with immediate income and multiple paths to increase value.
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Alexis Construction Construction Company General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.