1513 Essington Road , Joliet, IL 60435
Joliet, IL 60435
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.
Details
| MLS# | 12195025 |
|---|---|
| Listing Type | For Sale |
| Style | Office Building |
| Sub-Type | Resale |
| Status | Active |
| Year | 2006 |
| Days On Site | 89 |
| Listing Provided By | eXp Realty, LLC | Valdy Biernacki |
Features
| SQ Feet | 11,842 |
|---|---|
| Story(s) | 1 |
| Units | 4 |
Market Activity 60435
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Learn More About This Property
| State | IL |
|---|---|
| County | Will |
| City | Joliet |
| Zip Code | 60435 |
| Area | Joliet |
| Listing VS Median (in 60435) | |
Price: $2,495,000 low | high Med: $259,900 SqFt: 11,842 low | high Med: 1,273 $ / SqFt: $211 low | high Med: $204 On Site: 89 low | high Med: 8.000000 | |