Commercial Sale

1513 Essington Road, Joliet, Illinois 60435

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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.

Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : MRD11996107
Price : $2,495,000
Year Built : 2006
Property Sub Type : Medical
Features
Cooling System : Central Air
Roof Deck : Composition
Address Map
Country : US
State : IL
County : Will
City : Joliet
Zipcode : 60435
Street : Essington
Street Number : 1513
Street Suffix : Road
Floor Number : 0
Longitude : W89° 50' 16.9''
Latitude : N41° 33' 1.1''
Area : Joliet
MLS Addon
Agent Name : Valdy
DaysOnMarket : 7
Directions : Theodore St to Essington Rd north to address
Flooring : Carpet, Vinyl
FrontageType : Public Road, City Street
List Agent Full Name : Valdy Biernacki
List Agent MLSID : MRD605314
List Office MLSID : MRD21423
List Office Name : Realty Executives New Image
Parcel Number : 0506022150301012
Tax Year : $2,022
ListAgentLastName : Biernacki
Annual Tax Amount : $0
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Status : Active
PhotosChangeTimestamp : 08/03/2024 01:17:02
Commercial Sale For Sale
  • Listing ID : MRD11996107
$2,495,000
Agent info
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