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Restaurant Space with Full Basement
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81 W Jefferson Street, Joliet, IL 60432

COMMERCIAL - Joliet, IL

Space SizeContact for details
Property Size3,146 SF
Lot Size0.07 Acres
Days on Market210

Property Features for 81 W Jefferson Street

General Information

Property type Commercial Lease
Property subtype Retail
Zoning COMMR
Directions From I-55, take Exit 253 (US-52/Jefferson St) and head east toward Downtown Joliet. Continue on Jefferson into downtown; the property is near the Will County Courthouse area by Jefferson St & Ottawa St
Subdivision Joliet
Standard status Active
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 4908

Utilities

Cooling system Exhaust Fan (Cooling), Central Air

Building Details

Year built 1910
Floors in Building 2
Number of units 1
Flooring type Vinyl
Building materials Block
Listing Agency: Keller Williams Preferred Rlty · Keller Williams Realty
Listed By: Alexander Fenske · License #475128785
Added: Jan 12 Changed: Aug 4 Last Checked: Aug 10 at 12:06AM
MLS# 12541445

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.

Investment Insights

Based on property information with market context.

Built-out restaurant space designed for dine-in and carry-out with a full basement. The main level includes an ample dine-in area, two restrooms, and a large kitchen with a hood and a 3-compartment sink. There is also a rear storage area for refrigeration and back-of-house use. Upstairs provides approximately 726 SF of office/storage space.

The property is located in Joliet’s City Center TIF district and within the Des Plaines River Valley Enterprise Zone. It has strong visibility with AADT reported at 11,110. Central air and exhaust fan cooling are included, and the building is constructed with block and was built in 1910.

Parking access includes an adjacent lot with approximately 20 spaces for shared use with an adjacent liquor store, with exclusive use or conversion options available through negotiation. Additional adjacent city parking is reported at 65 spaces, supporting event-style foot traffic and walk-in demand.

Key Highlights

  • 0.07‑acre restaurant site with full basement
  • Approx. 2,420 SF main level with dine‑in area, 2 restrooms, and built‑out kitchen
  • Approx. 726 SF upstairs office/storage area

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Storage Facility Electrical Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11,110 VPD
Traffic count
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Commercial hood
Yes
Liquor license
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,469
Businesses Nearby
47k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Hotels & Casinos 48% Dining 27% Shops & Services 24%
Harrah's Joliet Casino and Hotel Hotels & Casinos
22,835 visits/mo 0.3 miles
Wendy's Dining
11,386 visits/mo 0.5 miles
BMO Harris Bank Shops & Services
4,785 visits/mo 0.1 miles
Old National Bank Shops & Services
3,752 visits/mo 0.3 miles
Citgo Shops & Services
2,955 visits/mo 0.5 miles

Demographics for 60432, IL

19,989
Population
7,287
Households
2.7
Avg Household Size
33
Median Age
13%
College-Educated
65%
High-School Grad
8.5 sq mi
ZIP Area
2,352
Density / Sq Mi
$64,099
Median Household Income
$33,920
Median Earnings
$1,261
Median Rent
$185,100
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Built-out restaurant space with liquor license in place, central air, and a full basement, plus upstairs office/storage.
Where is this conventional restaurant located?
The property is located at 81 W Jefferson Street Joliet, IL.
What are key features of this property?
This property features: 0.07‑acre restaurant site with full basement; Approx. 2,420 SF main level with dine‑in area, 2 restrooms, and built‑out kitchen; Approx. 726 SF upstairs office/storage area
More about this property
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