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.
Property Details
Price:
$1,174,000
MLS #:
MRD12599103
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
joliet
Listed Date:
Mar 23, 2026
Year Built:
1900
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Financial
Tax Year
2023
Taxes
$4,034
Map
Community
- Address1122 Collins Street Joliet IL
- CityJoliet
- CountyWill
- Zip Code60432
Market Summary
Current real estate data for Commercial in Joliet as of Jun 14, 2026
27
Commercial Listed
219
Avg DOM
$1,514,822
Avg List Price
Property Summary
- 1122 Collins Street Joliet IL is a Commercial for sale in Joliet, IL, 60432. It is listed for $1,174,000
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Copyright 2026. All rights reserved.
1122 Collins Street
Joliet, IL


