423 N Chicago Street Joliet, IL $ 599,500
423 N Chicago Street
$ 599,500
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423 N Chicago Street

Joliet, IL, 60432
$ 599,500
Baths0.0 Sq 10,874

Monthly Estimate*

$ 3,984

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Studio

Commercial Property for sale in Joliet, IL

for $599,500. This 10,874 square foot building was built in 1947 on a lot size of 0.21.

10,874 Sq Ft Brick and Stone Building in Downtown Joliet that is walking distance to the Will County Annex Building. This building is known as the Munroe Hatchery Building. There are two parcel numbers, one is for the building and the other is for the vacant lot that is used for parking, directly to the North of the Building. The building and vacant lot are both currently zoned B-3 (General Business District) which provides many uses and possibilities. There is a ceramic tile entry foyer with access to the 2 units, and a hallway that leads to a door to the first floor shop area and a stairway that leads to the second floor. Currently the building is occupied by 2 business. One tenant is an event and party planner which occupies the office space on the south side. The finished office space is 27 x 39 and includes a private bathroom and storage closet. The unit has 13 foot ceilings and this unit has a its own furnace and central air conditioning. Unit#2 occupant is J Pearson Heating which occupies office space and the 1st and 2nd second floor shop and storage areas. This unit has two offices one is 14 x 14 the other is 12 x 14 with laminate flooring and 13 ft ceilings. There is a door that leads to the shop area from the offices where there is a bathroom for this unit. There is an overhead door for the shop area and the 2nd floor is currently used for storage which would be ideal for residential apartments. In Unit#2 there is a furnace and central conditioning for the office space, and then separate furnace and central air conditioning for the 1st floor shop area.There is a freight elevator that goes to the second floor. The second floor has concrete floors. The building is in the Opportunity Zone, in addition I have attached under additional information Business Development Programs from the City of Joliet Economic Development Department for programs available for funding including City Center Service Area, TIF Redevelopment Grants, Enterprise Zone and more. The first floor front windows are newer and there are new windows that match for the front second floor, which will stay with the building. In addition, there are 2 furnaces and central air units that are not installed that will stay with the building as well for the second floor. Great Opportunity with many uses. The second floor has concrete floors. Roof New in 2020. The first floor could accommodate indoor parking. In addition to the garage overhead door there is a service door at the back of the building on the first floor and a rear service door and outdoor stairs from the second floor. There is a bathroom on the second floor.

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Commercial Contingent

Price

$ 599,500

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 7,172

Style

Lot Size

0.21

Year Built

1947

Town/City

Joliet

County/Region

Will

MLS | Web ID

11999736

Features
General
Cooling Central Air
Utilities Electric to Site Gas to Site Sanitary Sewer Water-Municipal Water to Site
Possession Closing
Roof Membrane
Zoning OTHER
Construction Materials Brick Concrete Stone
Year Built 1947
Electric Service - 201 to 600 Amps Power - 240V Three Phase Other
Tenant Pays Varies by Tenant
Stories 2
Township Joliet
Property SubType Other
Tax Year 2022
Gross Income 16800
County Will
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Industrial
Contingency Attorney/Inspection
Possible Use Industrial
Status Contingent
Directions Located in Downtown Joliet on Chicago Street Just North of Jackson Street on the West Side of the Street directly across the street from St. Joseph Catholic Church
City Joliet
Total Units 2
MLS Area Joliet
Lot Size Square Feet 9148
Street Name Chicago
Tax Annual Amount 7172.96
Additional Parcels Y/N Y
Leasable Area 0
Days on Market 19
Standard Status Active Under Contract
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Interior
Flooring Concrete Other
Street Suffix Street
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 10874
Lot Dimensions 9148
Lot Size Acres 0.21
Frontage Type City Street
Exterior Brick Stone
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* Excluded Features
List By
Dow Realty

Broker

tmulvey@dowcompanies.com

Email

Affordability Calculator

$4,582
Per Month
87%
13%
0%
Monthly Principal & Interest
$3,984
Monthly Property Taxes
$598
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/14/2024$599,500 Listed Price

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423 N Chicago Street, Joliet, IL, 60432 is a Commercial Property for sale at $599,500 with 10,874 sqft and a lot size of 0.21. 423 N Chicago Street is a studio with 0.0 baths and was built in 1947. The property's zip code is 60432 which is in Joliet, IL