1513 Essington Road Joliet, IL $ 2,495,000
1513 Essington Road
$ 2,495,000
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1513 Essington Road

Joliet, IL, 60435
$ 2,495,000
Baths0.0 Sq 11,842

Monthly Estimate*

$ 17,428

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Studio

Commercial Property for sale in Joliet, IL

for $2,495,000. This 11,842 square foot building was built in 2006 on a lot size of 1.27032.

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.

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Commercial Active

Price

$ 2,495,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 42,160

Style

Lot Size

1.27032

Year Built

2006

Town/City

Joliet

County/Region

Will

MLS | Web ID

11996107

Features
General
Cooling Central Air
Possession Closing
Roof Composition
Construction Materials Brick Stone
Year Built 2006
Electric Circuit Breakers Power - 240V Heavy Power 1200+ Amps
Tenant Pays Air Conditioning Electricity Heat Insurance
Stories 1
Township Joliet
Property SubType Medical
Tax Year 2022
Gross Income 288000
County Will
Net Operating Income 236800
Operating Expense 51200
Property Type Commercial Sale Office/Tech
Status Active
Directions Theodore St to Essington Rd north to address
City Joliet
Total Units 4
MLS Area Joliet
Lot Size Square Feet 55335
Street Name Essington
Tax Annual Amount 42160
Additional Parcels Y/N Y
Leasable Area 11842
Days on Market 7
Standard Status Active
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Interior
Flooring Carpet Vinyl
Street Suffix Road
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Exterior
Building Area Total 11842
Lot Dimensions 150 X 368.9
Frontage Type City Street Public Road
Exterior Brick
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* Excluded Features
List By
Realty Executives New Image

Broker

valdy.biernacki@newimagerealty.com

Email

Affordability Calculator

$20,942
Per Month
83%
17%
0%
Monthly Principal & Interest
$17,428
Monthly Property Taxes
$3,513
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
3/15/2024$2,495,000 Listed Price

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1513 Essington Road, Joliet, IL, 60435 is a Commercial Property for sale at $2,495,000 with 11,842 sqft and a lot size of 1.27032. 1513 Essington Road is a studio with 0.0 baths and was built in 2006. The property's zip code is 60435 which is in Joliet, IL