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$ 650,000
Est. payment | /mo
$ 650,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12548281
Year Built 1900
Annual Tax Amount $6,269
Tax Year 2024
Lot Dimensions 40x150
Property Sub-Type Mixed Use
Property Description
An excellent investment opportunity, this mixed-use property at 301 & 303 S. Ottawa Street in Joliet offers a two-story building with six total units, including one commercial space and a mix of residential layouts ranging from a studio to a three-bedroom unit. The building provides approximately 6,000 square feet of living space and sits on two parcels totaling 0.42 acres, with five off-street parking spaces. An adjacent vacant lot adds significant upside potential for future development or expansion. Located in the heart of downtown Joliet, the property benefits from strong visibility and walk-able access to restaurants, entertainment, and public transportation. The site is minutes from I-80, I-55, and the Joliet Gateway Center Metra and Amtrak station, offering excellent regional connectivity. Nearby attractions, including the Rialto Square Theatre, casinos, and the Des Plaines Riverwalk, enhance tenant appeal and long-term demand. Positioned in a growing market with diverse employment drivers, this asset presents both stable income and value-add potential. Seller is a licensed real estate broker.
Location
State IL
County Will
Area Joliet
Interior
Cooling None
Fireplace N
Building
Dwelling Type Mixed Use
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Steve Rozhon of Crosstown Realtors, Inc.
GET MORE INFORMATION
Michael Bempah
Broker | License ID: 475.175881
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