The Cellar Is For Sale: ‘A Rare And Enticing Investment Opportunity’ – Patch

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JOLIET, IL — The Cellar, a long-time strip tease establishment within the unincorporated boundaries of Joliet along Patterson Road, is looking for a new property owner. The gentleman’s club property at 111 Patterson Road is listed as being for sale on the Re/Max website.

The property was built way back in 1953 and Re/Max is trying to sell it for $550,000.

According to the Re/Max listing from Jose Mendez: The Cellar is zoned C-4, which means heavy commercial zone, and it has a specialized permit to operate as a tavern, “complemented by coveted licenses for entertainment, liquor, tobacco, and gaming-all of which are readily transferable to qualified applicants.”

There’s also the opportunity to have up to eight apartments on the upper-level of The Cellar.

Mendez announced on his Re/Max Facebook page that The Cellar was originally for sale by the owner at $750,000.

“This exceptional property is now available at the irresistible price of $550,000, marking a significant price reduction,” Mendez declared. “Situated in unincorporated Joliet, these taxes are insanely low. This location presents an ideal setting for a myriad of commercial endeavors.”

According to the Re/Max property listing, “It’s worth noting that in this area of Will County has ceased issuing such licenses, rendering this establishment a true gem. The owner’s proactive approach ensured meticulous compliance with all necessary paperwork, securing grandfathered status for the premises. Furthermore, situated in unincorporated Joliet and benefitting from favorable tax rates, the property presents an attractive investment proposition. A standout feature is its impeccable maintenance history.”

There are 47 photos of The Cellar published on the Re/Max listing. To schedule your own personal showing or to learn more details about the chance to purchase The Cellar on Patterson Road, visit the listing on the RE/MAX website.

Mendez, the Realtor, is also accessible at 630-559-6688.

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