201-211 Ruby St - Storefront Retail/Residential FOR SALE


Joliet, IL 60435- St Mary's
$995,000 USD
312-957-7189
201-211 Ruby St, Joliet, IL for Sale
$995,000 USD
Storefront Retail/Residential - FOR SALE
1/5
null | 6.18% Cap Rate

201-211 Ruby St
Joliet, IL 60435
St Mary's


HIGHLIGHTS

  • Dynamic Suburban Location
  • Value-Add Opportunity
  • Strong Rental Demographics & Demand

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the mixed-use investment property located at 201 Ruby Street N in Joliet, Illinois (the “Property”). The two-story brick building contains five (5) residential units and three (3) commercial units. The residential units consist of five (5) 2-Bedroom/1-Bathroom units on the second story, and the three (3) commercial units occupy the first story. The building contains 15,000 square feet of gross living area and 17,000 square feet of gross area. The Property is situated upon a 0.16-acre parcel and offers ample parking with eight (8) parking spaces available. 201 Ruby Street has undergone recent renovations with newly updated bathrooms, adding to the value of the Property. 201 Ruby Street is ideally positioned within Joliet’s established residential community, offering residents a balance of neighborhood charm and commuter convenience. The property benefits from close proximity to major thoroughfares, with straightforward access to Interstate 55 and Interstate 80, enhancing connectivity to Chicago’s southwest suburbs and regional employment centers. Located in a predominantly owner occupied area, the home sits within a stable residential market that supports sustainable rental demand while limiting direct competition within its segment. Commuters and residents alike enjoy easy access to the Metra Rock Island District line at Joliet Station, along with multiple Pace bus routes linking to key destinations. Local shopping, dining, schools, and services are readily available along Cass Street and nearby corridors, further reinforcing the appeal of this well located property for those seeking comfort, accessibility, and long term neighborhood value.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$59 USD /SF

CAP RATE

6.18%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Broadway St

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R-4, Joliet

APN/PARCEL ID

30-07-09-204-019

ASK ABOUT THIS PROPERTY

Thomas ShanleyHorvath & TremblayMore Info
312-957-7189

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Thomas ShanleyHorvath & TremblayMore Info
312-957-7189

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.