Listed by Coldwell Banker Commercial Real Estate Group
$650,000
114 N Larkin Ave
Details
APN 30-07-07-406-042-0000
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 8,200
Net Rentable (SqFt) 8,200
Units 5
Cap Rate 5.5%
NOI $35,734
Occupancy 83%
Tenancy Multi
Pro-Forma Cap Rate 9.23%
Pro-Forma NOI $60,000
Price per SqFt $79
Class B
Year Built 1964
Buildings 1
Stories 1
Lot Size (SqFt) 25,700
Zoning B-3
Investment Type Core+
Occupancy Date 04/06/2026
Retail | 5.50% CAP | 8,200 SqFt
Marketing description
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.
Listing Contacts
Listed by Coldwell Banker Commercial Real Estate Group
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$35,734.00
$2,977.83/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
Map
Zoning
B-3 CommercialGeneral CommercialGeneral Business District
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 88 uses
View all 88 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Is there information that looks off?
