Price Drop: Syl's Restaurant And Lounge Now Under $1 Million

ROCKDALE, IL — One of the Will County region's most iconic restaurants has fallen on hard times and efforts to find a new buyer have remained unsuccessful. In August, Joliet Patch broke the news that the Syl's Restaurant and Lounge on Rockdale's Moen Avenue was on the real estate market and the owners were seeking $1.1 million.

However, not one person came forward to purchase Syl's at $1.1 million. As a result of the cold reception from prospective buyers, Caton Commercial Real Estate Group has lowered their asking price. As a result, Syl's can be all yours for the new price of $999,990.

The real estate agent trying to sell the property is Randy Petri.

On Jan. 3, Joliet Patch reported that Syl's, which has been a Joliet area fine-dining restaurant institution since 1946, faced an uncertain future after Maura Williams announced that Syl's is now closed under current management.

"It is with a heavy heart that we share that we are closing our doors under the current management. We thank you for allowing us to be such a special part of your lives over the years. We hope the memories shared with us will live on in your hearts," Williams announced on the Syl's Facebook page.

According to the current listing on the commercial real estate website Crexi, the Syl's restaurant property is 12,800 square feet. The listing indicates that:

• It's a fully equipped restaurant ready for new ownership
• Fully equipped restaurant ready for new ownership
• Perfect Setting for banquet hall or community center
• Private parking lot included
• Multiple dining/meeting rooms
• Impressive four-sided bar with grand piano