With 3 restaurants for sale in Joliet, Illinois, investors have a wide range of opportunities to tap into the city's growing food scene. Restaurants in Joliet offer a unique blend of investment opportunities, from casual eateries to fine dining establishments, catering to the diverse tastes of the city's approximately 150,000 residents. As a significant transportation hub, Joliet's restaurants benefit from the constant flow of visitors and locals alike, making them an attractive investment option. The city's rich history, cultural attractions, and educational institutions, such as Joliet Junior College and the University of St. Francis, create a dynamic environment that supports the growth of restaurants. Additionally, Joliet's location along the Des Plaines River and its proximity to Chicago make it an ideal spot for restaurants to thrive. The city's amenities, including the Pilcher Park Nature Center, Louis Joliet Mall, and Inwood Golf Course, also contribute to its appeal as a great place to live, work, and invest in a restaurant.
Joliet's restaurants are an integral part of the city's fabric, offering a diverse range of cuisines and dining experiences. With its unique blend of history, culture, and entertainment, Joliet is an attractive destination for tourists and locals alike. In addition to restaurants, Joliet also offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. The city's apartment buildings, such as those near the University of St. Francis, offer a steady stream of potential tenants. Shopping centers, like the Louis Joliet Mall, provide a hub for retail activity, while specialty properties, such as the Rialto Square Theatre, offer a unique investment opportunity. Hotels, like the Harrah's hotel and casino, cater to the city's many visitors, making them a solid investment option. Overall, Joliet's diverse range of investment opportunities, combined with its growing food scene, make it an attractive destination for investors.
What is the average cost per square foot for a restaurant in Joliet?
The average cost per square foot for a restaurant in Joliet is $241 USD per square foot, with an average size of 7,073 square feet and a largest size of 12,000 square feet, among the 3 available listings.
What factors determine the value of a restaurant for sale in Joliet?
When evaluating the value of a restaurant for sale in Joliet, several key factors come into play, including:
- Location, with proximity to major transportation hubs like the Joliet Transportation Center and highways such as U.S. Highways 6, 30, 45, 52, and 66, as well as Interstates 55 and 80, being highly desirable;
- The restaurant's size, with the average size being 7,073 square feet, and the largest size being 12,000 square feet, affecting its capacity and operational efficiency;
- The restaurant's financial performance, including its average price per square foot of $241 USD and average cap rate of 4.5%, which can impact its profitability and attractiveness to potential buyers.
