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1513 Essington Road,  Joliet IL, 60435

(Active)
$2,495,000
|
11,842 sqft
|
MLS# 11996107
Last Updated: 5/19/2024 8:46 AM
Description for 1513 Essington Road Joliet, IL 60435
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.
Price
$2,495,000
Will
11,842 (approx)
11996107
Active
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.
Listing Information
Property Type: Office, Business Opportunities, 1 Story
1.26 Acres 11,842 (approx) 2006
1 Brick,Stone
Joliet//
4 Total
Neighborhood
Room Information
Interior Features
Vinyl, Carpet
Central Air
Exterior / Lot Features
Brick, Stone
Composition
150 X 368.9
Driving Directions
Theodore St to Essington Rd north to address
Financial Considerations
0506022150301012
$42,160
Listing Price History

Joliet Real Estate

Joliet is located in Illinois. Joliet, Illinois 60435 has a population of 149,492.

The median household income in Joliet, Illinois 60435 is $58,202. The median household income for the surrounding county is $88,241 compared to the national median of $66,222. The median age of people living in Joliet 60435 is 38 years.

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Listings courtesy of MRED as distributed by MLS GRID

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This content last refreshed on 5/19/2024 8:46 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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