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1122 Collins St , Joliet, IL 60432
$1,174,000
Est. Payment: $6,407.00/mo
4332 Sqft
0.85 Acres
Status: active | Days on site: 218
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70358 - 705905
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House Description

Corner Commercial Property with Residential Income and Operational Electronic Billboard Five-parcel assemblage at Collins Street and Woodruff Road combining a commercial building, yard area, three residential rental units across two separate buildings, and an operational electronic billboard. The approximately 1,500-SF commercial building measures 30 x 50 feet per township assessor records and is currently used by the owner's roofing business with truck parking and storage. The commercial building and designated yard offer projected rental income of $3,000 per month. This is an estimate, not rent currently collected from a third-party tenant, and is subject to market demand, condition, lease terms, and permitted use. Seller is winding down operations; commercial vacancy and possession timing to be coordinated with the sale. The residential buildings contain approximately 1,230 SF and 1,602 SF of living area per township assessor records. The reported rental configuration includes a studio, a two-bedroom unit, and a three-bedroom home, generating approximately $4,200 per month combined. Assessor records also identify a 576-SF garage associated with 1124 Collins Street. Reported residential rents plus projected commercial rent provide potential gross income of approximately $7,200 monthly ($86,400 annually), before vacancy and expenses and excluding billboard income. The operational electronic billboard provides additional corner visibility, with potential to advertise the buyer's own business or generate revenue through third-party advertising. No current billboard income is represented. Located near the Old Joliet Prison, Downtown Joliet, and regional transportation routes. Seller financing may be considered for qualified buyers. Building areas are approximate and based on township assessor records. Buyer to verify parcel boundaries, total acreage, legal unit count, rents, rental projections, zoning, permitted uses, outdoor storage and vehicle parking permissions, and billboard permits and advertising rights. Roofing business, vehicles, equipment, and inventory are excluded unless separately agreed in writing.
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Highlights

Listed by Joseph Diaz , 815-955-1398 Taylor Street Realty , 815-774-0777. Midwest Real Estate Data mls logo

Property Type

Commercial Sale
Lot/Acreage
0.85

Year Built

1900

County

Will

Area

Joliet

Listing ID

12599103

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Interior Features

Air Cond:Central Air
Fireplaces:

Exterior Features

Lot Dimensions:197.8X187X197.8X187
Zoning:COMMR
Parking Features:13-18 Spaces
Principal Interest
$6,407
Taxes
$1,085

Home Price

$1,174,000

Loan Details

30 yrs
7.25%

Down Payment

20%
$234,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,407.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,407.00 $1,084.71 $0.00 $7,491.71
Yearly $76,884.00 $13,016.52 $0.00 $89,900.52
Total $2,306,519.86 $390,495.60 $0.00 $2,697,015.46
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Market insight data is pulled from the same city as the listing being viewed (Joliet, IL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MRED as of the date listed below. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. Some listings have been excluded from this website.

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Data last updated: 2026-10-27T06:57:04.000Z

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