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$ 500,000
Est. payment | /mo
$ 500,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Property Description
Turnkey banquet and event facility in Joliet's B-3 commercial district offering a fully operational and profitable venue with both real estate and business included. Over $390,000 invested in recent renovations, decor, lighting, and commercial equipment. The 5,000-sq-ft facility features marble flooring, crystal chandeliers, LED lighting, a granite bar, and a fully equipped commercial kitchen. Designed for weddings, corporate functions, and private celebrations with flexible seating and upscale finishes throughout. The owner will train the new ownership for 2-3 weeks to ensure a smooth and successful transition. The sale also includes active social media accounts with over 100,000 followers and multiple viral posts across TikTok and Instagram, providing instant marketing reach and client demand. Some future bookings already total over $10,000 each, with ongoing leads generated through the venue's social platforms and referral network. Two restaurants next door assist with catering as needed, ensuring seamless service for large events. An adjacent lot provides overflow parking for expanded guest capacity. Located minutes from downtown Joliet, Harrah's Casino, the Rialto Square Theatre, the Chicagoland Speedway, and I-80/I-55, the property benefits from consistent visitor traffic and strong visibility along a major commercial corridor. The area continues to see rapid redevelopment and new hospitality growth, making this one of the region's most promising event corridor opportunities. A rare chance to acquire a cash-flowing hospitality business below replacement cost, backed by a proven brand, trained support, and growing market demand.
Location
State IL
County Will
Others
Virtual Tour https://tour.giraffe360.com/7d0f7dd9b1264f4394d4592631a449d9
Listed by Michael Kang • Spacematch Inc.
NEARBY SCHOOLS & PROPERTIES
676 N Michigan Ave. Ste 3010, Chicago, IL, 60611, United States