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Elwood, IL

Commercial

Elwood, IL Commercial Land for Sale

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Joliet, IL Minooka, IL Manhattan, IL

10 properties

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Commercial Lot with High Visibility

Updated: Apr 8, 2025

Commercial Lot with High Visibility

Lot 11 East Mississippi Avenue, Elwood, IL 60421

$150,000

4.72 AC lot

High‑visibility corner lot in a highly traveled area off Rt. 53
Approved for fast food development
Total of 4.72 acres (Lot 11 Mississippi and Out Lot D)
Ideal location for a mini mart, convenience store, or drive‑thru coffee shop
Close proximity to the Abraham Lincoln Cemetery, making it suitable for a funeral home

Elwood Land Parcel For Sale

Updated: Nov 22, 2025

Elwood Land Parcel For Sale

Mississippi Ave - PAD 11, Elwood, IL 60421

Contact for pricing

11 sqft

11.5 acres of land suitable for building.
Building capabilities up to 100,000 SF.
Located in Elwood, IL.
Situated on Mississippi Ave.
Part of the Nation's Largest Inland Port Development.

47-Acre Rail-Served Land Parcel

47-Acre Rail-Served Land Parcel

Walter Strawn Drive - PAD 9, Elwood, IL 60421

Contact for pricing

47 sqft

47 acres of rail-served land with development potential.

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Will County Land For Sale

Will County Land For Sale

24026 S Rowell Rd, Elwood, IL

$3,500,000

39.29 AC lot

39.29 acres of A-1 zoned land in Illinois.

Prime Development Land on Route 53

Prime Development Land on Route 53

23815 IL-53, Elwood, IL

Contact for pricing

38.26 AC lot

38-acre parcel with development potential near Joliet, Illinois.

35 Acres in Intermodal Port

35 Acres in Intermodal Port

21241 W Schweitzer Road, Elwood, IL 60421

$6,585,000

35.00 AC lot

35-acre parcel in Elwood's Intermodal Port area for sale.

Elwood Commercial Lot For Sale

Elwood Commercial Lot For Sale

Lot 3 Town Center Drive, Elwood, IL 60421

$150,000

2.43 AC lot

Commercial lot in Elwood's new Commercial District, high visibility.

Elwood Corner Commercial Lot

Elwood Corner Commercial Lot

11 E Mississippi Ave, Elwood, IL 60421

$150,000

2.17 AC lot

Corner commercial lot in high-traffic area, ideal for development.

35 Acre Parcel Near Intermodal

35 Acre Parcel Near Intermodal

21241 W Schweitzer Road, Elwood, IL 60421

$6,585,000

35.00 AC lot

35 acre commercial land parcel near the Intermodal Port.

Commercial Lot in High-Visibility Area

Commercial Lot in High-Visibility Area

Lot 4 Lincoln-Way Drive, Elwood, IL 60421

$150,000

Commercial lot in Elwood's new district with high visibility.

Based on your search, we've compiled 53 Potential Opportunities for your consideration. Besides 10 Active listings in Elwood, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 39 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Joliet Land for Sale

Joliet Land for Sale

116 Zipf Road, Joliet, IL 60433

Contact for pricing

197 sqft

197 acres near I-80 interchange, suitable for development.

2.75 Acre Commercial Parcel

2.75 Acre Commercial Parcel

2420 S CHICAGO Street, Joliet, IL 60436

$524,900

2.75 acre parcel near Pilot Travel Center in Joliet.

Commercial Land with High Traffic

Commercial Land with High Traffic

Minooka, IL 60410

$1,595,000

Commercial land available with high traffic count.

Commercial Land For Sale

Commercial Land For Sale

Minooka, IL 60410

$375,000

Commercial development land available, lots can be combined.

Off-Market Properties in Elwood, IL

Consider similar Off-Market properties in Elwood, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

VACANT COMMERCIAL LAND

53 Ss St, Elwood, IL 60421

$585,000

Estimated value

0.27 AC lot

224 Mississippi Ave

VACANT COMMERCIAL LAND

224 Mississippi Ave, Elwood, IL 60421-9218

Value Estimation by Request

0.29 AC lot

Cir Ct Dr, Unit 17

VACANT COMMERCIAL LAND

Cir Ct Dr, Elwood, IL 60421

Unit 17

Value Estimation by Request

0.58 AC lot

Mississippi Ave

VACANT COMMERCIAL LAND

Mississippi Ave, Elwood, IL 60421

Value Estimation by Request

0.08 AC lot

VACANT COMMERCIAL LAND

Heritage Dr, Elwood, IL 60421

Value Estimation by Request

1.45 AC lot

VACANT COMMERCIAL LAND

Heritage Dr, Elwood, IL 60421

Value Estimation by Request

1.13 AC lot

VACANT COMMERCIAL LAND

Heritage Dr, Elwood, IL 60421

Value Estimation by Request

1.45 AC lot

VACANT COMMERCIAL LAND

Schweitzer Rd, Elwood, IL 60421

$1,660,000

Estimated value

11.75 AC lot

VACANT COMMERCIAL LAND

Patterson Rd, Elwood, IL 60421

Value Estimation by Request

1.41 AC lot

Walter Strawn Dr

VACANT COMMERCIAL LAND

Walter Strawn Dr, Elwood, IL 60421

Value Estimation by Request

0.33 AC lot

126 Saint Louis St

VACANT COMMERCIAL LAND

126 Saint Louis St, Elwood, IL 60421

Value Estimation by Request

0.36 AC lot

VACANT COMMERCIAL LAND

Patterson Rd, Elwood, IL 60421

Value Estimation by Request

0.66 AC lot

Elwood, IL 60421

VACANT COMMERCIAL LAND

Elwood, IL 60421

Value Estimation by Request

0.93 AC lot

Mississippi Ave

VACANT COMMERCIAL LAND

Mississippi Ave, Elwood, IL 60421

Value Estimation by Request

0.01 AC lot

Elwood, IL Commercial Land Market Trends and Statistics

Explore 49 commercial land for sale in Elwood, IL, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 58 square feet of properties for sale, with an estimated market value of $17,270,000.

Sale prices for commercial lots in Elwood, IL start at $0.00, averaging $1,727,000, and reaching up to $6,585,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 3,786

Population Growth (5Y) -1.5%

Median Household Income $101,818

College Educated 25.8%

High-Yield Neighborhoods for Investment

Identify Elwood submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
60421	$2.3M

Taxes & Financing

Tax Rate (average for all types) 9.04%

Property Tax per SF $57.13 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Will County

New Delisted

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