705-11 Collins Street, Joliet, IL 60432
Price: SOLD: Closed 6/10/15
Listing Type: Seller Rep
Property Type: Retail
Taxes: 18,798.98 (2014)
PIN #(s): 30-07-10-101-010-0000, 30-07-10-101-011-0000, 30-07-10-101-012-0000
Size: 9,500 Sq Ft
Zoning: B-3
Highlights
– 4 tenant retail strip center with parking
– 12 parking spaces in front parking lot, 9 parking spaces in rear off alley, free street parking
– front monument sign
Unit mix:
– Corner unit – leased to La Villita – (girls’ clothing store / quinceanera dresses, dolls, etc) – rent $1,500 / month
– 2nd floor unit – Herbalife – $650 / month
– Inline unit – hair salon – rent previously $1,500 / month, moved in March 2013, fell behind in Dec 2013, now 6 months behind, property manager will be serving 5 day notice
– Inline / endcap unit – restaurant – vacant. Black iron, stove, bar, service counter, sinks, and some equipment existing in space. 2 bathrooms. Rear exit to alley. Rent was previously $2,100 / month. Tenant moved out in March 2014.
– 9,500 sq ft total sq ft, 2,000 sq ft 2nd floor, 7,500 sq ft 1st floor
– Visible corner lot on Collins Street and Ellwood Avenue
– Near public transportation
– Highly populated area (90,000 people in 3 mile radius)
– Bank owned, sold as is, where is, no survey
– City of Joliet reports NO violations, NO outstanding bills, NO liens
DEMOGRAPHICS
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