1122 Collins St , Joliet, IL 60432
Mixed Use / Investment / Owner - User
Marketing description
Prime Corner Mixed-Use Investment | 5 Parcels | Income + Yard + Billboard Upside
Rare opportunity to acquire a high-visibility corner portfolio at Collins St. & Woodruff Rd. in Joliet, just steps from the Joliet Prison redevelopment area.
This offering includes 5 contiguous parcels (~0.85 acres) consisting of:
Commercial corner building
Two residential properties (including a 2-unit + single-family)
Two additional lots
Existing electronic billboard (not currently operational)
Multiple income streams and value-add potential in one asset.
Current / Projected Income:
Residential: ~$4,200/month (below market with upside)
Commercial building: ~$2,000–$2,500+/month (projected)
Yard / contractor / vehicle storage: additional income potential
Billboard: future activation opportunity
Value-add opportunity through lease-up, rent stabilization, yard utilization, and billboard reactivation.
The property can be operated as a cash-flowing mixed-use investment, or utilized by an owner-user seeking a highly visible location with supplemental income. Long-term, the assemblage provides redevelopment potential given its corner location, frontage, and surrounding growth.
Located near Downtown Joliet, major transportation routes (I-80/I-55), and ongoing redevelopment activity.
Rare opportunity to control a high-exposure corner with immediate income and multiple paths to increase value.
Investment highlights
100% Occupied – Property is currently fully leased and can continue operating as-is to provide immediate cash flow
Multiple Income Streams – Residential units, commercial building, and yard/storage use offer diversified revenue potential
Value-Add Opportunity – Below-market rents and billboard reactivation provide upside through stabilization and improved operations
High-Visibility Corner Location – Positioned at a busy intersection on Collins St. with strong traffic counts and exposure
Flexible Use Potential – Ideal for investor, owner-user, or future redevelopment (gas station, convenience store, restaurant, automotive, or mixed-use)
Assemblage Opportunity – 5 contiguous parcels totaling approximately 0.85 acres with significant frontage
Strategic Location – Near Downtown Joliet, the Old Joliet Prison redevelopment, and major transportation corridors (I-80 / I-55)
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