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114 N Larkin Ave 8,200 SF 83% Leased Retail Building Joliet, IL 60435 $650,000 ($79.27/SF) 5.50% Cap Rate
Investment Highlights
- 8,200 SF Retail Building
- Potential for Owner Occupancy
- Zoned B-3, Commercial
Executive Summary
This 8,200 SF retail strip center presents a high-visibility investment opportunity on Joliet's bustling west side. The center features a stable mix of local tenants, anchored by a 4,000 SF bicycle sales and repair shop. This anchor space offers unique flexibility: the owner is willing to relocate to accommodate a new user if necessary. With its prime position near major retailers like, and easy access to I-80/I-55, this property is perfectly situated for long-term growth and immediate cash flow.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,200 SF
Building Class
B
Year Built
1964
Price
$650,000
Price Per SF
$79.27
Cap Rate
5.50%
NOI
$35,750
Percent Leased
83%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
0.58 AC
Zoning
B-3 - Commercial
Parking
27 Spaces (3.29 Spaces per 1,000 SF Leased)
Frontage
156’ on Larkin Ave
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- B Exclusive Barbers Lounge
- Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
- Brisk
- Services
-
99,999 SF
- -
- -
- -
- City Nails
- Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
- Sumbaum Cycle
- Retailer
-
99,999 SF
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| B Exclusive Barbers Lounge | Services | 99,999 SF | - | Lorem Ipsum | - | |
| Brisk | Services | 99,999 SF | - | - | - | |
| City Nails | Services | 99,999 SF | - | Lorem Ipsum | - | |
| Sumbaum Cycle | Retailer | 99,999 SF | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 30-07-07-406-042 | Total Assessment | $200,000 (2024) |
| Land Assessment | $83,397 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $116,603 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
30-07-07-406-042
Land Assessment
$83,397 (2024)
Improvements Assessment
$116,603 (2024)
Total Assessment
$200,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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114 N Larkin Ave
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