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    81 W Jefferson St Joliet, IL 60432

    Sponsored
    For Lease
    Contact for pricing

    COMMERCIAL - Joliet, IL

    Type:Retail
    Lot size:
    0.07 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 8 at 8:06 pm

    Property Features for 81 W Jefferson St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    COMMR
    Lot size
    0.07 Acres

    Utilities

    Cooling system
    Central Air, Exhaust Fan (Cooling)

    Building Details

    Year built
    1910
    Floors in Building
    2
    Number of units
    1

    Keller Williams Preferred Realty (708) 798-1111 [email protected]

    Listing agent Alexander Fenske (708) 808-0220

    Listing date Jan 7, 2026

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Joliet Restaurant Opportunity

    This commercial space in downtown Joliet presents a restaurant opportunity directly across from the Will County Courthouse. The property offers approximately 2,420 square feet above-grade, including a 2,030-square-foot main level and additional office or storage space upstairs, plus a full basement. It is built out for restaurant or food service, featuring a dine-in area, two restrooms, and a large kitchen equipped with a hood and a three-compartment sink. A rear storage area is available for refrigeration and back-of-house use. The property is located in Joliet's City Center TIF district and within the Des Plaines River Valley Enterprise Zone. The location benefits from strong visibility, with an Average Annual Daily Traffic (AADT) count of 11,110. The Modified Gross (MG) lease is offered at $3,500 per month, plus water, gas, and electric, with no tax or Common Area Maintenance (CAM) charges. An adjacent parking lot with approximately 12 spaces is included for shared use with an adjacent liquor store, with the possibility of negotiating exclusive use or conversion to a beer garden. The lot size is 0.07 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Premier Catering, Casanovas Catering

    Location Insight

    • Map
    • Local Demand
    City
    Joliet
    County
    Will
    State
    Illinois
    Longitude
    -88.0840676
    Latitude
    41.5250388

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    FAQs

    What type of property is this?
    Restaurant - Restaurant space for lease in downtown Joliet near courthouse.
    Where is this restaurant located?
    The property is located at 81 W Jefferson St Joliet, IL.
    What are key features of this property?
    This property features: - Unbeatable downtown Joliet location directly across from the Will County Courthouse.; - Existing liquor license and TIF (Tax Increment Financing) availability.; - Built-out restaurant/food service space with ample dine-in area, kitchen with hood and 3-compartment sink.
    (708) 808-0220
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    81 W Jefferson St Joliet, IL 60432
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    Joliet, IL 60432
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    81 W Jefferson St Joliet, IL 60432
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