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1513 Essington Road, Joliet, IL 60435
$2,495,000
1513 Essington Road, Joliet, IL 60435View this property at 1513 Essington Road, Joliet, IL 60435
1513 Essington RoadJolietIL60435
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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 - 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.
Full Property Details
Full Property Details for 1513 Essington Rd
General
- Price: $2,495,000
- Taxes: $42,160 (2022)
- Status: Active
- Type: Commercial Institutional
- MLS ID: 11996107
- Updated: 3/21/2024
- Added to Site: 43 day(s) ago
Interior
- Flooring: Carpet, Vinyl
Location
- Area: Joliet
- County: Will
- Township: Joliet
- Driving Directions: Theodore St to Essington Rd north to address
- Location Details: Southwest Suburban
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls, Forced Air, Gas
Structural Information
- Construction: Brick, Stone
- Exterior Const.: Brick
- Roof: Composition
- Sub-Flooring: Carpet, Vinyl
- Stories/Levels: 1
- Square Feet: 11,842
- Year Built: 2006
Unit Information
- # Tenants: 4
Lot Features
- Lot Size (Sq. Ft.): 55,335
- Lot Dimensions: 150 x 368.9
- Frontage: City Street, Public Road
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $51,200
- Assessment Year: 2006
- Tax Amount: $42,160
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Electricity, Heat, Insurance
Disclosures and Reports
- Property ID: 506022150301012
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Schools
Schools serving 1513 Essington Rd
School Districts:Troy Community Consolidated School District 30c, Joliet Township High School District 204
Rating | Name | Grades | Distance |
---|---|---|---|
3333 Black Rd, Joliet, IL 60431 | K-4 | 0.9 mi | |
5820 Theodore Dr, Plainfield, IL 60586 | 5-6 | 3.3 mi | |
5800 Theodore Dr, Plainfield, IL 60586 | 7-8 | 3.2 mi | |
401 N Larkin Ave, Joliet, IL 60435 | 9-12 | 2.4 mi |
Disclaimer: School ratings provided by
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School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1513 Essington Rd
Date
Details
Price
Change
Source
3/15/2024
Listed
$2,495,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1513 Essington Rd
1513 Essington Road, Joliet, IL 60435 (MLS# 11996107) is a Commercial Institutional property. 1513 Essington Road is currently listed for $2,495,000 and was received on March 15, 2024. Want to learn more about 1513 Essington Road? Do you have questions about finding other Commercial Institutional real estate for sale in Joliet? You can browse all Joliet real estate or contact a Coldwell Banker agent to request more information.