1513 Essington Road, Joliet, IL 60435

  • $2,495,000
  • $2,495,000
1513 Essington Road, Joliet, IL 60435
  • Commercial Sale
  • Property Type
  • 2006
  • Year Built
For Sale
1513 Essington Road, Joliet, IL 60435
  • $2,495,000
  • $2,495,000

Overview

Property ID: 17946930
  • Commercial Sale
  • Property Type
  • 2006
  • Year Built

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.

  • Address 1513 Essington Road
  • City Joliet
  • State/county IL
  • Zip/Postal Code 60435
  • Country United States

Details

Updated on August 23, 2024 at 12:25 pm
  • Property ID: 17946930
  • Price: $2,495,000
  • Year Built: 2006
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 11842
  • MLS#: MRD11996107
  • Office Name: REALTY EXECUTIVES NEW IMAGE
  • Agent Name: Valdy Biernacki
  • MLS Status: Active
  • Living Area Prefix: SqFt

Additional details

  • List Office MLSID: MRD21423
  • List Agent MLSID: MRD605314
  • List Date: 2024-03-15T05:16:06.000Z
  • Roof: Composition
  • Cooling: Central Air
  • Tax Annual: 42160
  • Tax Year: 2022
  • Flooring: Carpet,Vinyl
  • County: Will
  • Property SubType: Medical

Mortgage Calculator

Monthly
  • Principal & Interest
  • Property Tax
  • Home Insurance
  • PMI
$
$
%
$
$
$

Contact Information

View Listings
shoshot
  • shoshot

Enquire About This Property

0 Review

Sort by:
Leave a Review

Leave a Review

Compare listings

Compare
shoshot
  • shoshot