Property for Sale: 1513 Essington, Joliet, IL 60435
$2,495,000
$2,495,000
1513 Essington,
Joliet, IL 60435
$2,495,000
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Price:
$2,495,000
Est. payment: Skip to Mortgage Calculator
Type Commercial
Year Built 2006
City Joliet
County Will
MLS 11996107
Status Active
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.
Lot & Building Features
Construction Brick, Stone
Cooling Central Air
Tax Year 2022
Lot Dimensions 150 X 368.9 ft
Price History of 1513 Essington, Joliet, IL
Date | Name | Price | Difference |
---|---|---|---|
12/31/1969 | Listing Price | $2,495,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
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1513 Essington (MLS #11996107) is a commercial listing located in Joliet, IL. This property was listed on 03/15/2024 and has been priced for sale at $2,495,000.
Nearby zip codes are 60403, 60404, 60431, 60436 and 60586. This property neighbors other cities such as Crest Hill, Lockport, New Lenox, Plainfield and Shorewood.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information courtesy of: |