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Property profile & analytics
FOR SALE
Commercial land

1122 Collins St Joliet, IL 60432

Property ID
US28-1902563
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial land
UPID US28-1902563
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Alexis Construction Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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