Listing provided courtesy of Taylor Street RealtyMREDas Distributed by MLSGrid- MLS# 12599103MLS Provider

1122 Collins StreetJoliet, IL 60432

Commercial
$1,174,000 Active

1122 Collins Street Overview

Time on Site:
98 days
Visits:
0

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.

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1122 Collins Street Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Insurance Expense: 0
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1900

Location/Region

  • County Or Parish: Will
  • MLS Area Major: Joliet

Rent/Lease Information

  • Tenant Pays: Other

Tax Information

  • Tax Annual Amount: $4,033.56
  • Tax Year: 2023

General Information

  • Parcel Number: 3007034000210000
  • Possible Use: Commercial,Multi-Family
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

General Information

  • Cooling: Central Air
  • Electric: Fuses
  • Stories: 0

Exterior

Lot Information

  • Additional Parcels: Yes
  • Lot Size Dimensions: 197.8X187X197.8X187
  • Lot Size Square Feet: 36988

General Information

  • Number Of Units Total: 5

1122 Collins Street Neighborhood

Community

60432 (Joliet) Demographics

32
Median Age
2,395
Population Density (per sq. mile)
16%
College Educated
$53,280
Estimated Median Income
3,308
Estimated Total Home Owners
2,920
Estimated Total Renters
53% / 47%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1122 Collins Street Monthly Cost

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$ %
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$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1122 Collins Street Market Data

Based on the last 30 days in this zip code

$267,588
Average List Price
$162
Average Price per Square Foot
10
Properties Sold
39
Average Days on Market
27
Properties for Sale
Calculations provided by Reliance Network

1122 Collins Street History

Date Event Value Agent
3/28/2026Source: MRED Status Change
Active
3/23/2026Source: MRED Added to Database
March 23, 2026