Listed by @properties Commercial
$1,850,000
116 S Larkin Avenue
Details
APN 3007182010520000
Property Type Retail
Sub Type Restaurant, Storefront
Square Footage 5,809
NOI $175,000
Year Built 1978
Lot Size (SqFt) 62,726
Zoning COMMR
Retail | 5,809 SqFt
Marketing description
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!
Listing Contacts
Listed by @properties Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$175,000.00
$14,583.33/mo
Valuation Metrics
0
DSCR
9.46%
Cap Rate
9.46%
ROI
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