1122 Collins Street, Joliet, IL 60432
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.
- Listing Courtesy of: Taylor Street Realty
Details
Updated on June 5, 2026 at 6:32 am-
Property ID MRD12599103
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Price $1,174,000
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Year Built 1900
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Property Type Bad
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Property Status Active
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Parcel Number 3007034000210000
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MLS Status Active
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Days On Market 74
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Cumulative Days On Market 759
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Tax Annual Amount 4033.56
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Cooling Central Air
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Directions Rt55 North to Exit 263 Weber Rd right, left on Renwick Rd. Left on Williamson Ave, right on Lloyds Ave., right onto Francis St., left on IL171 N/Collins St.
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LotSizeSquareFeet 36988
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Zoning COMMR
Address
Open on Google Maps- Address 1122 Collins Street
- City Joliet
- State/county IL
- Zip/Postal Code 60432
- Country United States
Overview
- Bad
- 1900
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