| Dow Realty, Inc. presents: |
| 151-155 N. Ottawa Street Joliet, IL |
Located in beautiful downtown Joliet on the
northwest corner of Ottawa and Clinton streets, this
2-story brick and stone building sits on a 66 x 150
lot with 5 parking spaces. Additional street parking
is plentiful.
northwest corner of Ottawa and Clinton streets, this
2-story brick and stone building sits on a 66 x 150
lot with 5 parking spaces. Additional street parking
is plentiful.
Contact Tim Brophy
815-730-1900, ext. 20
tbrophy@dowcompanies.com
815-730-1900, ext. 20
tbrophy@dowcompanies.com
| Dow Realty, Inc. O 1600 Plainfield Road O Joliet, IL O 60435 O 815-730-1900 |
| Offered at $295,000 |
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Zoned commercial/B-2 with approximately 15,834 square feet of space,
the location of this property is ideal - just one block from Rt. 30
(Lincoln Highway), adjacent to the casino property and across from a
proposed hotel site.
the location of this property is ideal - just one block from Rt. 30
(Lincoln Highway), adjacent to the casino property and across from a
proposed hotel site.
facing Ottawa St.
facing Clinton St.
Development potential:
1.) Site is located within a Tax Increment Financing (TIF) district and
has been identified as HIGH PRIORITY by the local municipality. TIF
benefits expire in the year 2022. Negotiated on a case by case basis,
this benefit may provide 100% of incremental real estate tax amount to
the buyer/developer. For more information please see James Haller;
City of Joliet Department of Community & Economic Development;
jhaller@jolietcity.org or 815-724-4050.
2.) Site is located within the limits of the DesPlaines River Valley
Enterprise Zone. As such, the following benefits are available:
The Illinois Income Tax Act 35 ILCS 5/201, as amended allows a .5
percent credit against the state income tax for investments in
qualified property which is placed in service in an enterprise zone.
For more information on this credit please see:
http://www.ieza.org/component/option,com_easyfaq/Itemid,43/task,cat/c
atid,24/
State of Illinois sales tax waved (est. 5%) on building materials
incorporated in to the real estate. For more information on this
deduction please see:
http://www.ieza.org/component/option,com_easyfaq/Itemid,43/task,cat/c
atid,25/
The enterprise zone jobs tax credit: Tax Act 35 ILCS 5/201 offers
employers a tax credit on their Illinois income taxes for hiring
individuals who are certified as economically disadvantaged or as
dislocated workers. For more information on this credit please see:
http://www.ieza.org/component/option,com_easyfaq/Itemid,43/task,cat/c
atid,28/
The Illinois Income Tax Act 35 ILCS 5/203 provides that taxpayers may
deduct from their taxable income an amount equal to those dividends
which were paid to them by a corporation which conducts
substantially all of its operations in an enterprise zone or zones. For
more information please see:
http://www.ieza.org/component/option,com_easyfaq/Itemid,43/task,cat/c
atid,31/
1.) Site is located within a Tax Increment Financing (TIF) district and
has been identified as HIGH PRIORITY by the local municipality. TIF
benefits expire in the year 2022. Negotiated on a case by case basis,
this benefit may provide 100% of incremental real estate tax amount to
the buyer/developer. For more information please see James Haller;
City of Joliet Department of Community & Economic Development;
jhaller@jolietcity.org or 815-724-4050.
2.) Site is located within the limits of the DesPlaines River Valley
Enterprise Zone. As such, the following benefits are available:
The Illinois Income Tax Act 35 ILCS 5/201, as amended allows a .5
percent credit against the state income tax for investments in
qualified property which is placed in service in an enterprise zone.
For more information on this credit please see:
http://www.ieza.org/component/option,com_easyfaq/Itemid,43/task,cat/c
atid,24/
State of Illinois sales tax waved (est. 5%) on building materials
incorporated in to the real estate. For more information on this
deduction please see:
http://www.ieza.org/component/option,com_easyfaq/Itemid,43/task,cat/c
atid,25/
The enterprise zone jobs tax credit: Tax Act 35 ILCS 5/201 offers
employers a tax credit on their Illinois income taxes for hiring
individuals who are certified as economically disadvantaged or as
dislocated workers. For more information on this credit please see:
http://www.ieza.org/component/option,com_easyfaq/Itemid,43/task,cat/c
atid,28/
The Illinois Income Tax Act 35 ILCS 5/203 provides that taxpayers may
deduct from their taxable income an amount equal to those dividends
which were paid to them by a corporation which conducts
substantially all of its operations in an enterprise zone or zones. For
more information please see:
http://www.ieza.org/component/option,com_easyfaq/Itemid,43/task,cat/c
atid,31/
| building rear |
| looking south on Ottawa St. toward intersection at Clinton St. |
Additional information:
--5 total units
--Block foundation
--Tar and gravel roof
--2007 real estate taxes=$7,861.62
--5 total units
--Block foundation
--Tar and gravel roof
--2007 real estate taxes=$7,861.62