111 Patterson Rd

Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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...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.
  1. Listed by Jose Mendez-Alvarado • RE/MAX Ultimate Professionals
    P: (630)-559-6688 C: (630)-559-6688 josemendez0977@gmail.com
  2. Listed by Luis Mendez • RE/MAX Ultimate Professionals
    P: (815)-725-4545 C: (630)-666-2267 luis.mendez3315@gmail.com

Sold By Coldwell Banker Realty

Property Details for 111 Patterson Road

Area
Joliet
Air Conditioning Type
Central Air, Window Unit(s)
Zoning
COMMR
LISTING UPDATED: 11/18/2024 06:06 PM

Property Details for 111 Patterson Road

StatusClosed
MLS #12019761
Days on Market185
Taxes$3,189 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1953
Lot Size0.10 AC / 4,232 SF
CountyWill County
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Building Information for 111 Patterson Road

Stories2Residences8Year Built1953Lot Size0.10 AC / 4,232 SF

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Principal and Interest

$801

Property Taxes

$266

HOA Dues

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Property Information for 111 Patterson Road

General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces
  • Outdoor Parking: 51-100 Spaces
Location and General Information
  • Frontage Type: Public Road
  • Geographic Locale: Southwest Suburban
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air, Window Unit(s)
  • Electric: Other
  • Heat/Ventilation: Central Bldg Heat
  • # Of Window/Ac: 8
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 8
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 37500
  • Lot Size Square Feet: 4232.0
  • Stories: 2
  • Fire Protection: Alarm On Site,Fire Extinguisher/s
  • # Of Offices: 0
  • # Of Stores: 0
  • Property Sub Type: Apts/Ofc/Store, Automotive, Apts/Ofc, Apts/Stores, Ofc/Store
  • MRD_UNC: Yes
Property and Assessments
  • Possible Use: Commercial
  • Public Document Count: 0
  • Photos Count: 47
Miscellaneous
  • Current Use: Commercial, Special Use
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Income & Expenses
  • Electric Expense: $1.00
  • Fuel Expense: $1.00
  • Gross Income: $1.00
  • Gross Scheduled Income: $1.00
  • Insurance Expense: $1.00
  • Known Encumbrances: None Known
  • Total Monthly Income: 1
  • Other Expense: $1.00
  • Trash Expense: $1.00
  • Water Sewer Expense: $1.00

Property History for 111 Patterson Road

DateEvent & SourcePriceAppreciation
Nov 7, 2024

Sold

MRED #12019761

$165,000
Oct 11, 2024

Pending

MRED #12019761

Jul 14, 2024

Price Change

MRED #12019761

$399,999
May 24, 2024

Listed (Active)

MRED #12019761

$550,000
Jan 8, 2003

Sold (Public Record)

Public Record #111958319

$5,000
DateEvent & SourcePrice
11/07/2024

Sold

MRED #12019761

$165,000
10/11/2024

Pending

MRED #12019761

07/14/2024

Price Change

MRED #12019761

$399,999
05/24/2024

Listed (Active)

MRED #12019761

$550,000
01/08/2003

Sold (Public Record)

Public Record #111958319

$5,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 111 Patterson Road

Taxable ValueLand$7,685Additions$26,928Total$34,613
Tax Record2024$2,859 ($238 / month)
Home Facts
Baths3Total Finished SqFt1,684 SqFtAbove Grade Finished SqFt1,684 SqFtStories2Lot Size37,800 SqFtStyleMiscellaneous CommercialYear Built1900CountyWILLAPN30-07-21-212-009

Schools near 111 Patterson Road

This home is within Joliet Township Hsd 204 School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Farragut Elementary School
PublicK to 5

Dirksen Junior High School
Public6 to 8

Joliet West High School
Public9 to 12

Thompson Instructional Center
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of RE/MAX Ultimate Professionals

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 11/18/2024 06:06 PM. 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.