IL > Joliet
Joliet, IL 60435,1513 Essington RD
Joliet, IL 60435,1513 Essington RD
Joliet, IL 60435,1513 Essington RD
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Jacqueline Knight

Jacqueline Knight

+1(608) 440-1740
$2,495,000
Est. payment /mo
11,842 SqFt
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UPDATED:

08/17/2024 08:34 AM

Key Details

Property Type Commercial

Sub Type Office/Tech

Listing Status Active

Purchase Type For Sale

Square Footage 11,842 sqft

Price per Sqft $210

MLS Listing ID 11996107

Year Built 2006

Annual Tax Amount $42,160

Tax Year 2022

Lot Dimensions 150 X 368.9

Property 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 - 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.

Location

State IL

County Will

Area Joliet

Interior

Cooling Central Air

Flooring Carpet, Vinyl

Fireplace N

Exterior

Roof Type Composition

Building

Dwelling Type Office/Tech

Level or Stories 1

Structure Type Brick,Stone

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Midwest Real Estate Data (MRED) IDX
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Valdy Biernacki • Realty Executives New Image

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