Listing provided courtesy of Coldwell Banker Commercial Real Estate GroupMREDas Distributed by MLSGrid- MLS# 12607065MLS Provider

114 N Larkin AvenueJoliet, IL 60435

Commercial · 8,568 Sq. ft.
$650,000 Active

114 N Larkin Avenue Overview

Time on Site:
85 days
Visits:
3

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.

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114 N Larkin Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 8,568
  • Price/Sq.ft. $76

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Gross Income: 75000
  • Gross Scheduled Income: 6250
  • Net Operating Income: 75000
  • Operating Expense: 39266

Building Information

  • Year Built: 1964

Business Information

  • Business Type: Retail
  • Current Use: Commercial

Location/Region

  • County Or Parish: Will
  • MLS Area Major: Joliet
  • Township: Joliet

Parking Information

  • Parking Ratio: 2.8

Rent/Lease Information

  • Tenant Pays: Varies by Tenant

Tax Information

  • Tax Annual Amount: $16,752.00
  • Tax Year: 2024

General Information

  • Parcel Number: 3007074060420000
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 8568

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers, Separate Meters
  • Leasable Area: 8200
  • Stories: 1

Unit Information

  • Unit SqFt.: 1675

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 185x156
  • Lot Size Square Feet: 25700
  • Water Source: Municipal Water

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 4
  • Utilities: Electric to Site,Natural Gas Available,Sewer Connected

114 N Larkin Avenue Neighborhood

Community

60435 (JOLIET) Demographics

37
Median Age
4,601
Population Density (per sq. mile)
30%
College Educated
$61,546
Estimated Median Income
11,832
Estimated Total Home Owners
7,130
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

114 N Larkin Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

114 N Larkin Avenue Market Data

Based on the last 30 days in this zip code

$306,208
Average List Price
$190
Average Price per Square Foot
42
Properties Sold
43
Average Days on Market
127
Properties for Sale
Calculations provided by Reliance Network

114 N Larkin Avenue History

Date Event Value Agent
6/25/2026Source: MRED Status Change
Active
6/19/2026Source: MRED Status Change
Re-activated
5/18/2026Source: MRED Status Change
Contingent
4/11/2026Source: MRED Status Change
Active
4/6/2026Source: MRED Added to Database
April 06, 2026