December 20, 2023 – Thomas Shanley and Anthony Spangler of Horvath & Tremblay have successfully completed the sale of a four-unit mixed-use property in Joliet, Illinois. Horvath & Tremblay represented the seller to complete the transaction at a sale price of $255,000.
The mixed-use building is located at 252-254 E Cass Street in Joliet, Illinois. The two-story building contains four (4) units comprised of one (1) commercial unit, leased to the Times Weekly Newspaper, two (2), 2-Bedroom/1-Bathroom units and one (1) 1-Bedroom/1-Bathroom unit with 3,000 square feet of living area in 4,504 square feet of gross area on a 0.1-acre parcel. The Property features ample on-site parking at the rear of the Property. The Property is situated along E Cass Street (US Route 30), the area’s primary commercial corridor. The location is positioned in the heart of downtown Joliet and offers convenient access to area employers, municipal offices, grocers, restaurants, retail amenities, and outdoor activities. 252-254 E Cass Street is ideally positioned for commuters with quick and convenient access to public transportation including the Joliet Transportation Center with METRA service and the Pace bus line (0.3-miles) and area highways including US Routes 30, 6, and 52, and Interstates 80, 55, and 355. Joliet is a city in Will and Kendall counties and is the third largest city in Illinois. Joliet is located 30 miles southwest of the Chicago Loop and offers convenient access to the city via Interstates and Metra Trains.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.