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Hometown Real Estate
7700 W. Belmont Ave
Chicago , IL 60634
Phone:
888 317 9983
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773 664 0013
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1122 Collins Street
Joliet, IL 60432
Will, US
$1,174,000.00 listing calculator
Status: Active (For Sale)
Type: Commercial
Subtype: Mixed Use
Year Built: 1900
MLS ID: 12599103


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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:
34
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.

Availability Calendar


- Available - Unavailable

Rental Rates


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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of MRED LLC. Real Estate listings held by brokerage firms other than Hometown Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data last updated: 2026-05-26
.

Copyright 2026 MRED LLC

The information presented here is deemed reliable, though not guaranteed.
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About
Contact Events Blog Nikki Mayer
Buyers
Buyer's Resources Dream Home Finder Buyer Agent Information
Sellers
Seller's Resource Market Analysis
Listings
Search Listings Buyer Agents Hometown Real Estate Group Listings Office Listings Featured Listings Recently Sold Untitled Untitled
Community
Resources
Mortgage Info
Mortgage Calculator Mortgage Rates Loan Quote
Our Agents
Meet Our Agents