$550,000 $2,953 est/mo Sourced by Back At You

111 Patterson Road,Joliet, IL 60436

Joliet IL, 60436

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Description

For sale stands an exceptional commercial building, representing a rare and enticing investment opportunity. Currently zoned under C4, it holds a specialized permit for operation as a tavern, complemented by coveted licenses for entertainment, liquor, tobacco, and gaming-all of which are readily transferable to qualified applicants. It's worth noting that in this area Will County has ceased issuing such licenses, rendering this establishment a true gem. The owner's proactive approach ensured meticulous compliance with all necessary paperwork, securing grandfathered status for the premises. Furthermore, situated in unincorporated Joliet and benefitting from favorable tax rates, the property presents an attractive investment proposition. A standout feature is its impeccable maintenance history. A dedicated team has consistently updated and cared for major components such as air conditioning, heating systems, and roofing, guaranteeing a hassle-free experience for owners. This commitment underscores the reliability and longevity of the asset, making it an even more compelling investment opportunity. With a vibrant tavern occupying the lower level and the potential for up to eight apartments upstairs, this property offers a myriad of revenue streams. Serious investors and those seeking a unique venture are encouraged to delve deeper into this remarkable opportunity, poised to yield both financial returns and long-term value.

Details

MLS#12019761
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive Under Contract
Year1953
Days On Site41
Listing Provided ByRE/MAX Ultimate Professionals | Jose Mendez-Alvarado

Features

Story(s)2
Units8
ZoningCOMMR
Acreage37500.00

Market Activity 60436

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Learn More About This Property

StateIL
CountyWill
CityJoliet
Zip Code60436
AreaJoliet
Listing VS Median (in 60436)
Price:
$550,000
low | high
Med:
$224,900
100% of Average
On Site:
41
low | high
Med:
5
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 9:57:57 PM PDT