111 Patterson Road Joliet, IL $ 550,000
111 Patterson Road
$ 550,000
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111 Patterson Road

Joliet, IL, 60436
$ 550,000
Baths0.0

Monthly Estimate*

$ 3,842

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Studio

Commercial Property for sale in Joliet, IL

for $550,000. This building was built in 1953 on a lot size of 0.097153.

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.

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Commercial Contingent

Price

$ 550,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 3,188

Style

Commercial,Special Use

Lot Size

0.097153

Year Built

1953

Town/City

Joliet

County/Region

Will

MLS | Web ID

12019761

Features
General
Cooling Central Air Window Unit(s)
Zoning COMMR
Year Built 1953
Electric Other
Tenant Pays Varies by Tenant
Stories 2
Property SubType Apts/Ofc/Store Automotive Apts/Ofc Apts/Stores Ofc/Store
Tax Year 2022
Current Use Commercial Special Use
Gross Income 1
County Will
Insurance Expense 1
Property Type Commercial Sale Mixed Use
Contingency Attorney/Inspection
Possible Use Commercial
Status Contingent
Directions i-80 ramp to Indiana exit 132s for us52 e/ il-53/chicago st right on il-53 s/ us-52 e/chicago st right on patterson rd
City Joliet
Total Units 8
MLS Area Joliet
Lot Size Square Feet 4232
Street Name Patterson
Tax Annual Amount 3188.52
Electric Expense 1
Fuel Expense 1
Trash Expense 1
Water Sewer Expense 1
Additional Parcels Y/N Y
Days on Market 24
Standard Status Active Under Contract
Total Actual Rent 1
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Exterior
Lot Dimensions 37500
Frontage Type Public Road
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Interior
Street Suffix Road
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* Excluded Features
List By
Re/Max Ultimate Professionals

Broker

josemendez0977@gmail.com

Email

Affordability Calculator

$4,108
Per Month
94%
6%
0%
Monthly Principal & Interest
$3,842
Monthly Property Taxes
$266
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/11/2024$550,000 Listed Price

Map


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111 Patterson Road, Joliet, IL, 60436 is a Commercial Property for sale at $550,000 with a lot size of 0.097153. 111 Patterson Road is a studio with 0.0 baths and was built in 1953. The property's zip code is 60436 which is in Joliet, IL