Joliet, IL 60436,111 Patterson RD
Joliet, IL 60436,111 Patterson RD
Joliet, IL 60436,111 Patterson RD
47
$165,000
$399,999
58.7%
Est.Price: ?

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111 Patterson RD Joliet, IL 60436

Est. payment /mo
SOLD DATE : 11/07/2024

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Key Details

Sold Price $165,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12019761

Sold Date 11/07/24

Year Built 1953

Annual Tax Amount $3,188

Tax Year 2022

Lot Dimensions 37500

Property Description

For sale stands an exceptional commercial building, representing a rare and enticing investment opportunity. Currently zoned under C4, it holds a specialized permit for operation as a tavern. It's worth noting that in this area Will County has ceased issuing such licenses, rendering this establishment a true gem. The owner's proactive approach ensured meticulous compliance with all necessary paperwork, securing grandfathered status for the premises. Furthermore, situated in unincorporated Joliet and benefitting from favorable tax rates, the property presents an attractive investment proposition. A standout feature is its impeccable maintenance history. A dedicated team has consistently updated and cared for major components such as air conditioning, heating systems, and roofing, guaranteeing a hassle-free experience for owners. This commitment underscores the reliability and longevity of the asset, making it an even more compelling investment opportunity. With a vibrant tavern occupying the lower level and the potential for up to eight apartments upstairs, this property offers a myriad of revenue streams. Serious investors and those seeking a unique venture are encouraged to delve deeper into this remarkable opportunity, poised to yield both financial returns and long-term value.

Location

State IL

County Will

Area Joliet

Zoning COMMR

Interior

Cooling Central Air, Window Unit(s)

Fireplace N

Building

Level or Stories 2

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Midwest Real Estate Data (MRED) IDX
Listed by Jose Mendez-Alvarado • RE/MAX Ultimate Professionals
Bought with George Chandler • Coldwell Banker Realty

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Chad Scott

Agent | License ID: 8665494

+1(262) 331-1621

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