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    1395 N Larkin Ave Joliet, IL 60435

    For Sale
    $1,200,000

    Retail property with value-add opportunity in strong Chicago suburb.

    Property size:
    14,340 SF
    Lot size:
    3.02 Acres

    Property Features for 1395 N Larkin Ave

    General Information

    Size
    14,340 SF
    Lot size
    3.02 Acres

    Source: Northmarq | Chicago (East Wacker Dr) Agent Isaiah Harf

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property in Joliet, IL

    This retail property is located in Joliet, Illinois, the second largest suburb of Chicago. The property offers an immediate value-add opportunity with an 82% occupancy rate. It benefits from a strong retail corridor location and outstanding visibility, enhanced by a prominent pylon sign. The location experiences excellent traffic counts of approximately 36,000 vehicles per day. The property size is 14,340 square feet and is situated within a 3-mile radius with a population of 91,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Joliet Restore Outlet Store Will County Habitat ... Non-Profit Organization ReStore Joliet Home Improvement Store

    Suggested Use

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

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

    Similar Places Nearby

    Jefferson Center, Coinstar Kiosk - Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Joliet
    County
    Will
    State
    Illinois
    Longitude
    -88.1266733
    Latitude
    41.5474762

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    FAQs

    What type of property is this?
    Shopping center - Retail property with value-add opportunity in strong Chicago suburb.
    Where is this shopping center located?
    The property is located at 1395 N Larkin Ave Joliet, IL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Immediate value-add opportunity – 82% occupied; - Attractive price/SF at below replacement cost; - Strong retail corridor in Chicago’s 2nd largest suburb
    (312) 240-0127
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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
    1395 N Larkin Ave Joliet, IL 60435
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