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About the Listing 70358 - 705905
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.
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central Air
- Heating: Central Heat/Indiv Controls
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 197.8X187X197.8X187
- Zoning: COMMR
- Roof:
- Others:
- Sewer:
- Parking Features: 13-18 Spaces
Financial Details
- Tax Amount: $4,034
- Taxes w/Assessments: N/A
- Tax/Property ID: 3007034000210000
- Tax Year: 2023
Payment Calculator
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Questions About..
1122 Collins St Joliet, IL 60432
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