Prime Corner Mixed-Use Property - Residential + Commercial + Yard Income + Billboard Upside Rare opportunity to own a high-visibility corner property on Collins St. featuring multiple income streams including residential units, commercial space, yard use, and billboard infrastructure across a 5-parcel assemblage (~0.85 acres). The property includes: One 2-unit building (studio + 2 bed unit). One single-family home (3 bed, 1 bath with basement). Commercial building with large usable yard. Existing electronic billboard (currently not operational). Current / Projected Income: Residential - currently ~$4,200/month with upside through stabilization. Commercial building - ~$2,000-$2,500+/month (projected). Yard / contractor / vehicle storage - additional income potential. Total income potential increases significantly depending on use and stabilization. Studio unit currently below market rent, providing immediate value-add opportunity. Ideal for an owner-user, contractor, automotive operator, or investor seeking a property with multiple income streams and strong visibility. Located near the Old Joliet Prison redevelopment, Downtown Joliet, and major highways (I-80/I-55), offering excellent access and exposure. Property includes electronic billboard structure (not currently operational) - potential for future advertising income or business visibility. Buyer to verify all rents, zoning, and uses.
| Listing Id: | 12599103 |
|---|---|
| List Price: | $1,174,000 |
| Property Type: | Commercial Sale |
| Property Type: | Mixed Use |
| Status: | Active |
| Parking On Site: | No |
| Tax Annual Amount: | $4,034 |
| Lot Size Square Feet: | 36,988 |
| City: | Joliet |
| County Or Parish: | Will |
| Postal Code: | 60432 |
| Year Built: | 1900 |
| Total # Units In Building: | 5 |
| Additional Parcels?: | Yes |
| Basement: | false |
| Cooling: | Central Air |
| Directions: | Rt55 North to Exit 263 Weber Rd right, left on Renwick Rd. Left on Williamson Ave, right on Lloyds Ave., right onto Francis St., left on IL171 N/Collins St. |
| Electric: | Fuses |
| Fuel Expense: | 0 |
| Lot Size Dimensions: | 197.8X187X197.8X187 |
| MLS Area Major: | Joliet |
| Approximate Age: | Older |
| Agent Owned/Interest (Y/N): | No |
| Alternate Phone Number: | (815) 774-0777 |
| # Of Apts: | 0 |
| Built Before 1978 (Y/N): | Yes |
| Fire Protection: | Fire Extinguisher/s, Smoke or Fire Protectors |
| Geographic Locale: | South Suburban |
| Gross Rent Multiplier: | 0 |
| Heat/Ventilation: | Central Heat/Indiv Controls |
| Information: | List Broker Must Accompany, Show-Special Instructions |
| Location: | Corner |
| List Price Per Sf: | 0 |
| Market Code: | Active |
| # Of Offices: | 1 |
| Outdoor Parking: | 13-18 Spaces |
| Property Offered: | For Sale Only |
| Total Monthly Income: | 0 |
| # Of Stores: | 0 |
| Update Date: | 2026-09-29T15:43:45 |
| Original List Price: | $1,174,000 |
| Parcel Number: | 3007034000210000 |
| Possession: | Closing |
| Possible Use: | Commercial, Multi-Family |
| State Or Province: | IL |
| Stories: | 0 |
| Tax Year: | 2023 |
| Tenant Pays: | Other |
| Zoning: | COMMR |
| Actual Status: | Active |
Listing Courtesy of: Taylor Street Realty
Listing Agent: Joseph Diaz
815-955-1398
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Midwest Real Estate Data LLC data last updated on October 08, 2026 03:47 PM - CT
Based on information submitted to the MLS GRID as of October 08, 2026 03:47 PM - CT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some listings have been excluded from this website.
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Property Last Updated: October 08, 2026 03:47 PM - CT
