Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    201 S Larkin Ave Joliet, IL 60436

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    New 15-year NNN Chick-fil-A in Chicago MSA.

    Property size:
    5,042 SF
    Lot size:
    8.69 Acres

    Property Features for 201 S Larkin Ave

    General Information

    Size
    5,042 SF
    Lot size
    8.69 Acres

    Source: SRS Real Estate Partners | Detroit Agent Michael Carter

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

    Overview

    New Chick-fil-A Drive-Thru Investment

    This property offers the opportunity to acquire the leased fee interest in a newly built Chick-fil-A investment property located in Joliet, Illinois, within the Chicago MSA. The property is equipped with a drive-thru. Chick-fil-A, Inc., has signed a new 15-year lease with twelve 5-year option periods, demonstrating a long-term commitment to the location. The lease, signed by the corporate entity, is absolute NNN with zero landlord responsibilities, presenting a management-free investment opportunity. The lease includes 7.50% rental increases every 5 years throughout the initial term and option periods. Founded in 1967, Chick-fil-A operates over 3,000 locations.
    Insight Report Location Intelligence

    Current Use by Public Records

    Steak 'n Shake Hamburger Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Joliet
    County
    Will
    State
    Illinois
    Longitude
    -88.125055
    Latitude
    41.5187693

    Nearby Similar for Sale

    • $265,000
      0.31 Acres

      Joliet Two-Flat Investment Opportunity

      Two-unit property with long-term tenants and a four-car garage.
      347 Pine St, Joliet, IL 60435
      View Details
    • New
      $315,000

      Joliet Brick Two-Flat Investment

      Unique brick 2-flat with investment potential in Joliet, Illinois.
      910 Nicholson St, Joliet, IL 60435
      View Details
    • $279,999
      0.11 Acres

      All-Brick Joliet Two-Flat Income Property

      Well-maintained two-unit property in Joliet, ideal for investors.
      511 E 3Rd Ave, Joliet, IL 60433
      View Details
    • $1,500,000
      8,872 SF

      Renovated Multifamily Building in Joliet

      Turn-key investment opportunity in a prime Joliet neighborhood.
      303-307 Stone St, Joliet, IL 60435
      View Details
    • $1,100,000
      1,024 SF

      Turn-Key Restaurant Opportunity in Joliet

      Iconic Joliet restaurant for sale with equipment and trademarks.
      810 Plainfield Rd, Joliet, IL 60435
      View Details
    • $775,000
      1,024 SF

      Joliet Restaurant Building For Sale

      Well-maintained restaurant building with redevelopment potential on 0.60 acres.
      810 Plainfield Rd, Joliet, IL 60435
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - New 15-year NNN Chick-fil-A in Chicago MSA.
    Where is this drive through restaurant located?
    The property is located at 201 S Larkin Ave Joliet, IL.
    What are key features of this property?
    This property features: - Absolute NNN lease with zero landlord responsibilities; - Brand new 15-year lease with Chick-fil-A, Inc. (corporate guarantee); - Features 7.50% rental increases every 5 years, hedging against inflation
    (586) 549-4260
    Request Owner's contact information
    201 S Larkin Ave Joliet, IL 60436
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    201 S Larkin Ave
    Joliet, IL 60436
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    201 S Larkin Ave Joliet, IL 60436
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.