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423 N Chicago Street, Joliet, IL 60432
$599,500 Contingent
423 N Chicago Street, Joliet, IL 60432View this property at 423 N Chicago Street, Joliet, IL 60432
423 N Chicago StreetJolietIL60432
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Property Description
10,874 Sq Ft Brick and Stone Building in Downtown Joliet that is walking distance to the Will County Annex Building. This building is known as the Munroe Hatchery Building. There are two parcel numbers, one is for the building and the other is for the vacant lot that is used for parking, directly to the North of the Building. The building and vacant lot are both currently zoned B-3 (General Business District) which provides many uses and possibilities. There is a ceramic tile entry foyer with access to the 2 units, and a hallway that leads to a door to the first floor shop area and a stairway that leads to the second floor. Currently the building is occupied by 2 business. One tenant is an event and party planner which occupies the office space on the south side. The finished office space is 27 x 39 and includes a private bathroom and storage closet. The unit has 13 foot ceilings and this unit has a its own furnace and central air conditioning. Unit#2 occupant is J Pearson Heating which occupies office space and the 1st and 2nd second floor shop and storage areas. This unit has two offices one is 14 x 14 the other is 12 x 14 with laminate flooring and 13 ft ceilings. There is a door that leads to the shop area from the offices where there is a bathroom for this unit. There is an overhead door for the shop area and the 2nd floor is currently used for storage which would be ideal for residential apartments. In Unit#2 there is a furnace and central conditioning for the office space, and then separate furnace and central air conditioning for the 1st floor shop area.There is a freight elevator that goes to the second floor. The second floor has concrete floors. The building is in the Opportunity Zone, in addition I have attached under additional information Business Development Programs from the City of Joliet Economic Development Department for programs available for funding including City Center Service Area, TIF Redevelopment Grants, Enterprise Zone and more. The first floor front windows are newer and there are new windows that match for the front second floor, which will stay with the building. In addition, there are 2 furnaces and central air units that are not installed that will stay with the building as well for the second floor. Great Opportunity with many uses. The second floor has concrete floors. Roof New in 2020. The first floor could accommodate indoor parking. In addition to the garage overhead door there is a service door at the back of the building on the first floor and a rear service door and outdoor stairs from the second floor. There is a bathroom on the second floor.
Full Property Details
Full Property Details for 423 N Chicago St
General
- Price: $599,500
- Taxes: $7,172 (2022)
- Status: Contingent
- Type: Commercial
- MLS ID: 11999736
- Updated: 4/1/2024
- Added to Site: 46 day(s) ago
Interior
- Interior Features: Employee Kitchen
- Flooring: Concrete, Other
Parking
- Parking Features: 6 to 12 Spaces
Location
- Area: Joliet
- County: Will
- Township: Joliet
- Driving Directions: Located in Downtown Joliet on Chicago Street Just North of Jackson Street on the West Side of the Street directly across the street from St. Joseph Catholic Church
- Location Details: Southwest Suburban, Chicago Southwest, Central Business District, Enterprise Zone
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Utilities
- Onsite: Electricity to Site, Gas to Site, Sanitary Sewer, Municipal Water, Water to Site
Structural Information
- Construction: Brick, Concrete, Stone
- Exterior Const.: Brick, Stone
- Foundation: Concrete Perimeter
- Roof: Membrane
- Drive-In Doors: 1
- Sub-Flooring: Concrete, Other
- Freight Elevators: 1
- Stories/Levels: 2
- Square Feet: 10,874
- Office: 2,500 Sq. Ft.
- Year Built: 1947
- Built Before 1978: Yes
Unit Information
- # Tenants: 2
- Extra Storage Avail: Yes
Lot Features
- Lot Size (Acres): 0.21
- Lot Size (Sq. Ft.): 9,148
- Lot Dimensions: 9148
- Frontage: City Street
- Potential Use: Industrial
- Zoning: OTHER
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Assessment Year: 1947
- Tax Amount: $7,172.96
- Tax Year: 2022
- Tenant Pays: Varies by Tenant
Disclosures and Reports
- Property ID: 3007092390030000
Listed by Dow Realty
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Schools
Schools serving 423 N Chicago St
School Districts:Joliet Psd 86, Joliet Township High School District 204
Rating | Name | Grades | Distance |
---|---|---|---|
1101 Harrison Ave, Joliet, IL 60432 | PK-5 | 1.1 mi | |
1501 Copperfield Ave, Joliet, IL 60432 | 6-8 | 2 mi | |
201 E Jefferson St, Joliet, IL 60432 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 423 N Chicago St
Date
Details
Price
Change
Source
3/13/2024
Listed
$599,500
242.57%
MLS
3/27/2018
Sold
$175,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 423 N Chicago St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$6,620
-1%
$65,000
—
2020
$6,720
-2%
$65,000
—
2019
$6,864
-3%
$65,000
—
2018
$7,094
-3%
$65,000
—
2017
$7,332
-4%
$65,000
—
2016
$7,604
-3%
$65,000
—
2015
$7,831
—
$65,000
—
2014
$7,836
-18%
$65,000
-23%
2013
$9,536
9%
$83,887
—
2012
$8,737
—
$83,887
—
Disclaimer: Historical tax 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 423 N Chicago St
423 N Chicago Street, Joliet, IL 60432 (MLS# 11999736) is a Commercial property. 423 N Chicago Street is currently listed for $599,500 and was received on March 13, 2024. Want to learn more about 423 N Chicago Street? Do you have questions about finding other Commercial real estate for sale in Joliet? You can browse all Joliet real estate or contact a Coldwell Banker agent to request more information.