MLS#12599103
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
Prime Corner Mixed-Use Property - Residential + Commercial + Yard Income + Billboard Upside Rare opportunity to own a high-visibility corner property on Collins St. featuring multiple income streams including residential units, commercial space, yard use, and billboard infrastructure across a 5-parcel assemblage (~0.85 acres). The property includes: One 2-unit building (studio + 2 bed unit). One single-family home (3 bed, 1 bath with basement). Commercial building with large usable yard. Existing electronic billboard (currently not operational). Current / Projected Income: Residential - currently ~$4,200/month with upside through stabilization. Commercial building - ~$2,000-$2,500+/month (projected). Yard / contractor / vehicle storage - additional income potential. Total income potential increases significantly depending on use and stabilization. Studio unit currently below market rent, providing immediate value-add opportunity. Ideal for an owner-user, contractor, automotive operator, or investor seeking a property with multiple income streams and strong visibility. Located near the Old Joliet Prison redevelopment, Downtown Joliet, and major highways (I-80/I-55), offering excellent access and exposure. Property includes electronic billboard structure (not currently operational) - potential for future advertising income or business visibility. Buyer to verify all rents, zoning, and uses.
Property Features
Property Type: Commercial - Business
Cooling: Central Air
Lot Size: 0.85 Acres
Taxes: $4,033
Year Built: 1900
Feature Descriptions
Electric: Fuses
Fire Protection: Fire Extinguisher/s, Smoke or Fire Protectors
HVAC: Central Heat/Indiv Controls
Location: Corner
Lot Dimensions: 197.8X187X197.8X187
Parcel#: 3007034000210000
Parking: 13-18 Spaces
Potential Use: Commercial, Multi-Family
Tenant Pays: Other
Units: 5
Listed By / Shown By
Listed By
Agency Name: Taylor Street Realty
Agency Phone: 815-774-0777
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
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1122 Collins Street | MLS# 12599103
This commercial property located at 1122 Collins Street, Joliet, IL 60432 is currently listed for sale with an asking price of $1,174,000. Search Joliet real estate on www.bhhscrosby.com today.