111 Patterson Road

Joliet, Illinois 60436
Contingent / MLS #12019761 / Commercial / Mixed Use / Joliet
Listing information updated 5/3/2024 at 10:23am
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, complemented by coveted licenses for entertainment, liquor, tobacco, and gaming-all of which are readily transferable to qualified applicants. 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.

Full Features

Built:
1953
Cooling System:
Central Air,Window Unit(s)
Stories:
2
Current Use:
Commercial, Special Use
Potential Use:
Commercial
Zoning:
COMMR

Taxes & Assessments

Tax Amount:
$3,188
Tax Year:
2022

Location

Zip Code:
60436
City:
Joliet
County:
Will

Listing Office: RE/MAX Ultimate Professionals

Listing Office Phone: 815.725.4545

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 5/3/2024 at 10:23am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


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111 Patterson Road is a commercial / mixed use currently listed at $550,000 | $1/sq. ft.. This commercial / mixed use has been listed on @properties since April 10th, 2024 and was built in 1953.