Will, US
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.
Courtesy Of: Taylor Street Realty
Feature Highlights
- Additional Parcels
- Built Before 1978
General Features
- List Date:
- 03/23/2026
Exterior Features and Amenities
- Lot Size Dimensions:
- 197.8X187X197.8X187
Financial
- Days On Market:
- 7
- Tax Annual Amount:
- $4,033.56
- Tax Year:
- 2023
Directions
Rt55 North to Exit 263 Weber Rd right, left on Renwick Rd. Left on Williamson Ave, right on Lloyds Ave., right onto Francis St., left on IL171 N/Collins St.
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Data last updated: 2026-03-29.
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