Properties

Features
: Central Air
: Carpet , Vinyl
Address Map
US
IL
Will
Joliet
60435
Essington
1513
Road
W89° 50' 20.6''
N41° 32' 54.4''
Theodore St to Essington Rd north to address
Joliet
Joliet
Additional Information
11842
: Brick , Stone
Circuit Breakers,Power - 240V,Heavy Power 1200+ Amps
Circuit Breakers,Power - 240V,Heavy Power 1200+ Amps
150 X 368.9
4
4
1
Realty Executives New Image
Valdy Biernacki
Financial
42160
Listing Information
605314
21423
MRED
Listing Information
Active
2024-08-17T08:34:57Z
2024-03-21T05:06:05Z
Property Description

Nestled in a prime location, this beautiful property boasts a total area of 11,842 SF, comprising eight office units/condos. With four existing tenants, including three in the esteemed medical field, this property presents a promising investment opportunity. Each tenant is responsible for their utilities and insurance, with lease agreements structured to suit different needs – from modified gross to triple net leases. This diversified approach ensures stability and flexibility in income streams. With solid tenants in place, this investment offers an armchair opportunity with great returns. Originally designed for 8 units, the property was subdivided into only 4 tenants. However, this presents an incredible opportunity for maximizing income potential and future flexibility. Should any of the current tenants express interest in downsizing, there exists the possibility of reverting the property to its original 8-unit configuration. Not only would this unlock higher income potential, but it also opens the door to endless possibilities for growth and expansion. Don’t miss out on this chance to secure a sound investment with solid tenants and promising growth potential. Contact us today to seize this opportunity and take your investment portfolio to new heights.

Commercial Sale For Sale

1513 Essington Road, Joliet, Illinois 60435

$2,495,000
Listing ID#11996107
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Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 11996107
Price : $2,495,000
Year Built : 2006
Listing Status : Active
Property Sub Type : Medical
Roof
Roof : Composition
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