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Listing provided courtesy of @properties CommercialMREDas Distributed by MLSGrid- MLS# 12436037MLS Provider

116 S Larkin AvenueJoliet, IL 60436

Commercial · 5,809 Sq. ft.
$1,850,000 Active

116 S Larkin Avenue Overview

Time on Site:
333 days
Visits:
1

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. TheB-3 zoning allows many uses!

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116 S Larkin Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 5,809
  • Price/Sq.ft. $318

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Net Operating Income: 175000
  • Operating Expense: 0

Building Information

  • Year Built: 1978

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: Will
  • MLS Area Major: Joliet
  • Township: Joliet

Rent/Lease Information

  • Tenant Pays: Varies by Tenant

Tax Information

  • Tax Annual Amount: $9,213.00
  • Tax Year: 2024

General Information

  • Parcel Number: 3007182010520000
  • Property Sub Type: Restaurant
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 5809

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Leasable Area: 0
  • Stories: 1

Unit Information

  • Unit SqFt.: 5800

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 165.5X220
  • Lot Size Square Feet: 62726
  • Water Source: Municipal Water

General Information

  • Utilities: Electric to Site,Natural Gas Available,Sewer Connected

116 S Larkin Avenue Neighborhood

Community

60436 (Joliet) Demographics

34
Median Age
1,148
Population Density (per sq. mile)
18%
College Educated
$50,894
Estimated Median Income
3,485
Estimated Total Home Owners
2,544
Estimated Total Renters
58% / 42%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

116 S Larkin Avenue Monthly Cost

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Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

116 S Larkin Avenue Market Data

Based on the last 30 days in this zip code

$283,396
Average List Price
$190
Average Price per Square Foot
20
Properties Sold
46
Average Days on Market
61
Properties for Sale
Calculations provided by Reliance Network

116 S Larkin Avenue History

Date Event Value Agent
1/10/2026Source: MRED Status Change
Active
1/5/2026Source: MRED Price Reduction
$1,850,000 -11.9%
1/5/2026Source: MRED Status Change
Re-activated
9/30/2025Source: MRED Status Change
Active
9/25/2025Source: MRED Price Reduction
$2,099,000 -12.5%
9/25/2025Source: MRED Status Change
Price Change
8/6/2025Source: MRED Status Change
Active
8/1/2025Source: MRED Added to Database
August 01, 2025