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$ 2,495,000
Est. payment /mo
Active
1513 Essington Road Joliet, IL 60435
11,842 SqFt
UPDATED:
10/29/2024 05:06 AM
Key Details
Property Type Commercial
Sub Type Office/Tech
Listing Status Active
Purchase Type For Sale
Square Footage 11,842 sqft
Price per Sqft $210
MLS Listing ID 12195025
Year Built 2006
Annual Tax Amount $42,160
Tax Year 2022
Lot Dimensions 150 X 368.9
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. 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.
Location
State IL
County Will
Interior
Cooling Central Air
Flooring Carpet, Vinyl
Fireplace N
Exterior
View Y/N true
Roof Type Composition
Building
Structure Type Brick,Stone
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Valdy Biernacki • eXp Realty, LLC