Fuel Station/Flex

Location: 324 S. Larkin Avenue, Joliet, IL, 60436
UPCOMING AUCTION  Bidding period to be scheduled

Marathon Larkin Gas Station in Joliet



Asking Price: $1,199,000

Cooperating Broker's Commission: 2%

Lot Size: Approx. 41,347 SF

Building Size: Approx. 1,655 SF

2017 Taxes: $15,924.38 (Total)

$2,409.56; PIN #: 30-07-18-201-026-0000 (B-1)

$8,634.64; PIN #: 30-07-18-201-028-0000 (B-1)

$4,880.18; PIN #: 30-07-18-201-033-0000 (B-3)

Traffic Count: 28,600 VPD

Zoning: B-1 & B-3

This is an operating gas station and convenience store.  Please do not disturb the tenant or employees. The tenant is on a short term lease and will vacate prior to closing. Only the real estate is for sale; as such, no sales data will be provided.

This property is situated on nearly a full acre of land and offers an ideal corner for a development opportunity. Being sold as-is.

View Property Flyer (PDF)

View Survey (PDF)

View Zoning Ordinance (PDF)

View Zoning Map (PDF)

View Terms and Conditions (PDF)

Location: 515 West Colfax, Palatine, IL, 60067

Fuel Station Plus Dispatch Building & Flex Building

Suggested Opening Bid: $600,000 

Buyer's Premium: 5%

Cooperating Broker's Commission: 2%

2014 Taxes:

$32,919.08 PIN #: 02-15-102-038

$7,308.10   PIN #: 02-15-102-043

Total Building Size: Approx. 8,590 sf

Lot Size: Approx. 30,000 sf

Zoning: M; Manufacturing

Formerly used as a wholesale distribution terminal, this property includes two buildings and a fueling station on approx. .69 acres with 300 feet of frontage along the southwest side of Colfax Street and approximately 100 feet of depth. 

The larger of the two buildings is an approx. 7,582 sf, two story, steel and masonry constructed flex building built in 1987. It features a foyer, a kitchen, 2 open office areas, conference room, small office on the west end, two rest rooms, a finished mezzanine storage area, main office, and 2 small offices on the second floor. This building has approximately 60% of finished office space and approximately 40% of warehouse space. The warehouse has skylights, a clear height of approximately 20 feet, and is served by one exterior truck dock and one, overhead drive-in door.

The second and smaller of the two buildings is an approx. 1,008 sf, one story dispatch building adjacent to the fueling station. It includes a drivers room, office, locker room and rest rooms.

The fueling station area features a large canopy, 12 fueling stations, and 8 underground fuel tanks. The surface parking lot includes spaces for 14 cars and 5 semi-trucks.

This property is located along the southwest side of Colfax Street, at Wanda Avenue in Palatine, Illinois.

View Property Flyer (PDF)

View Tank Information (PDF)

View Zoning Ordinance (PDF)

View Online Auction Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)


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