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116 S Larkin Ave 5,800 SF Retail Building Joliet, IL 60436 $1,850,000 ($318.97/SF)
Investment Highlights
- Existing kitchen infrastructure
- Turnkey Restaurant
Executive Summary
5,800 +/- sf building renovated a few years ago into a sit down restaurant with bar. Great location, just a half mile to the Larkin Ave./I-80 interchange. Large parking lot onsite with 51 spaces. Currently configured with a takeout window. A drive thru will likely be approved here. Multiple hotels in the area along with 3 casinos, including the new Hollywood Casino Joliet.
Operate your own restaurant or re-purpose the property. The B-3 zoning allows many uses!
Operate your own restaurant or re-purpose the property. The B-3 zoning allows many uses!
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
5,800 SF
Building Class
B
Year Built
1978
Price
$1,850,000
Price Per SF
$318.97
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.44 AC
Zoning
B-3 - B-3
Parking
55 Spaces (9.48 Spaces per 1,000 SF Leased)
Frontage
110’ on Larkin Ave
Amenities
- Pylon Sign
Nearby Major Retailers
Property Taxes
| Parcel Number | 30-07-18-201-052 | Improvements Assessment | $20,000 |
| Land Assessment | $90,000 | Total Assessment | $110,000 |
Property Taxes
Parcel Number
30-07-18-201-052
Land Assessment
$90,000
Improvements Assessment
$20,000
Total Assessment
$110,000
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116 S Larkin Ave
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