Joliet, IL 60435 1513 Essington Road
$2,495,000



9 more










Presented By: eXp Realty, LLC
Home Details
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.
Presented By: eXp Realty, LLC
Interior Features for 1513 Essington Road
Other Interior Features
FlooringCarpet, Vinyl
General for 1513 Essington Road
Additional Parcels Y/NYes
CityJoliet
Construction MaterialsBrick, Stone
CoolingCentral Air
CountyWill
Current UseMedical/Dental
DirectionsTheodore St to Essington Rd north to address
ElectricCircuit Breakers, Power - 240V, Heavy Power 1200+ Amps
Gross Income288000
Leasable Area11842
Lot Size Square Feet55335
MLS AreaJoliet
Net Operating Income236800
Number Of Units Total4
Operating Expense51200
PossessionClosing
Property SubtypeBusiness
Property TypeCommercial Sale
Property TypeOffice/Tech
RoofComposition
Standard StatusActive
StatusActive
Stories1
Tax Annual Amount42160
Tax Year2022
Tenant PaysAir Conditioning, Electricity, Heat, Insurance
TownshipJoliet
Virtual TourClick here
Year Built2006
Exterior for 1513 Essington Road
Building Area Total11842
Frontage TypeCity Street, Public Road
Lot Dimensions150 X 368.9
Additional Details
Price History
