114 N Larkin Ave

$650,000

114 N Larkin Ave, Shorewood, IL 60435

For Sale

Retail Strip Center

Active

Last Updated: 04/07/2026

Details:

Cap Rate: 5.5%

NOI: $35,734

Building Size: 8,200 sqft

Lot Area: 25,700 sqft

Year Built: 1964

Zoning: B-3

MlsNumber: 12607065

Floors: 1

Parking Spots: 27

Parking Ratio: 2.8

Offered by Broker

Nick Ferro

Broker

Real Estate Group

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Highlights:

Lot Dimension: 185x156
Annual Tax: $ 16752.0
Available Floors: 1
Average Floor Size: 8200.0
Average Occupancy Rate: 83.0
Gross Income: $ 75000.0
Max Contiguous Area: 8200.0
Min Divisible Area: 800.0
Age: Over 50 Years Old
Lot Size: 1/2 - 1 Acre
Sewer: City
Water: City Water

Description:

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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