Dennis Stolk
- Buy
- Sell
https://www.ruhlmortgage.com/GregCotton.html
Description
Prime Corner Mixed-Use Property - Residential + Commercial + Yard Income + Billboard Upside Rare opportunity to own a high-visibility corner property on Collins St. featuring multiple income streams including residential units, commercial space, yard use, and billboard infrastructure across a 5-parcel assemblage (~0.85 acres). The property includes: One 2-unit building (studio + 2 bed unit). One single-family home (3 bed, 1 bath with basement). Commercial building with large usable yard. Existing electronic billboard (currently not operational). Current / Projected Income: Residential - currently ~$4,200/month with upside through stabilization. Commercial building - ~$2,000-$2,500+/month (projected). Yard / contractor / vehicle storage - additional income potential. Total income potential increases significantly depending on use and stabilization. Studio unit currently below market rent, providing immediate value-add opportunity. Ideal for an owner-user, contractor, automotive operator, or investor seeking a property with multiple income streams and strong visibility. Located near the Old Joliet Prison redevelopment, Downtown Joliet, and major highways (I-80/I-55), offering excellent access and exposure. Property includes electronic billboard structure (not currently operational) - potential for future advertising income or business visibility. Buyer to verify all rents, zoning, and uses.
Property Highlights
Property Type: Commercial - Business
Year Built: 1900
General Information
County: Will
Listed By:
Taylor Street Realty
815-774-0777
MRED MLS
MLS ID: 12599103
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1122 Collins Street, Joliet, IL 60432.
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563-441-1862
toll free 866-441-1862
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,174,000 | $1,174,000 | $1,174,000 |
| Down Payment | $41,090 | $0 | $234,800 |
| Monthly Mortgage Amount | $7,004 | $7,287 | $5,707 |
| Taxes | $1634 | $1634 | $1634 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $704 | $0 | $0 |
| Monthly Estimated Total | $9,684 | $9,263 | $7,683 |
Dennis Stolk
REALTOR®
Office: (563) 441-5172
Cell: (563) 210-2385
Licensed in IA & IL
Davenport Office
4545 Welcome Way
Davenport, IA 52806
(563) 441-5100
Davenport, IA 52806
(563) 441-5100
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