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1513 Essington Road

Joliet, IL 60435
  • $2,495,000
  • STATUS: Active
  • ON SITE: 108 Days
  • MLS #: 12195025
UPDATED: 212 min ago
$2,495,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2006
County:
Area:

School Ratings & Info

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. 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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© 2025 Midwest Real Estate Data LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2025-02-08T23:58:15.737 UTC. 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1513 Essington Road Joliet, IL 60435

  • Price: $2,495,000
  • Status: Active
  • On Site: 108 Days
  • Updated: 212 min ago
  • MLS #: 12195025
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2006
Built
Neighborhood:
Will
County:
Will
Area:
Will
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. 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.
Exterior Features

Exterior Building Type Brick Frontage Type City StreetPublic Road Roof Composition Roof Structure Gable

Interior Features

Cooling Central Air Flooring CarpetVinyl Heat Ventilation Central Heat/Indiv ControlsForced AirGas Number Of TLDocks 0

Property Features

Additional Parcels YN Yes Approximate Age 16-25 Years Building Area Total 11842 Built Before1978 YN No Electric Circuit BreakersPower - 240VHeavy Power 1200+ Amps Fire Protection None Geographic Locale Southwest Suburban Gross Income 288000 Gross Scheduled Income 288000 Leasable Area 11842 Mls Actual Status Active Net Operating Income 236800 Number Of Tenants 4 Operating Expense 51200 Ownership Types Limited Liability Corp Property Offered For Sale Only Property Sub Type Medical Tax Annual Amount 42160 Tax Year 2022 Tenant Pays Air ConditioningElectricityHeatInsurance Total Monthly Income 24000 Township Joliet Type Office/Tech

Listing information © 2025 Midwest Real Estate Data LLC.
Listing provided courtesy of eXp Realty, LLC: 888-574-9405.


© 2025 Midwest Real Estate Data LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2025-02-08T23:58:15.737 UTC. 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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