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    Elwood, IL
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    Elwood, IL Commercial Land for Sale

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    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.
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    47-Acre Rail-Served Land Parcel
    Updated: Nov 21, 2025
    47-Acre Rail-Served Land Parcel

    Walter Strawn Drive - PAD 9, Elwood, IL 60421

    Contact for pricing
    47 sqft
    47.14 acres of land suitable for development
    Building capabilities up to 1 million square feet
    Direct rail‑served via the BNSF
    PAD 9 designation
    Site is ready for construction
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    Will County Land For Sale
    Will County Land For Sale

    24026 S Rowell Rd, Elwood, IL

    Contact for pricing
    39.29 AC lot

    39.29 acres of A-1 zoned land in Illinois.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Commercial Land with Corner Visibility
    Commercial Land with Corner Visibility

    Sec29 Heritage Dr, Elwood, IL 60421

    $550,000

    Commercial land totaling 4.58 acres with access from Heritage Drive and northwest corner visibility at Rt. 53 and Mississippi Ave.

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    Elwood Corner Commercial Lot
    Elwood Corner Commercial Lot

    11 E Mississippi Ave, Elwood, IL 60421

    Contact for pricing
    2.17 AC lot

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

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    Elwood Commercial Lot For Sale
    Elwood Commercial Lot For Sale

    Lot 3 Town Center Drive, Elwood, IL 60421

    Contact for pricing
    2.43 AC lot

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

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    Commercial Lot in High-Visibility Area
    Commercial Lot in High-Visibility Area

    Lot 4 Lincoln-Way Drive, Elwood, IL 60421

    Contact for pricing

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

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    Based on your search, we've compiled 50 Potential Opportunities for your consideration. Besides 7 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.

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    2.75 Acre Commercial Parcel
    2.75 Acre Commercial Parcel

    2420 S CHICAGO Street, Joliet, IL 60436

    $400,000

    2.75 acre parcel near Pilot Travel Center in Joliet.

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    Commercial Land with High Traffic
    Commercial Land with High Traffic

    Minooka, IL 60410

    Contact for pricing

    Commercial land available with high traffic count.

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    Commercial Land For Sale
    Commercial Land For Sale

    Minooka, IL 60410

    Contact for pricing

    Commercial development land available, lots can be combined.

    View details

    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.

    53 Ss St
    VACANT COMMERCIAL LAND

    53 Ss St, Elwood, IL 60421

    $585,000
    Estimated value
    0.27 AC lot
    View details
    224 Mississippi Ave
    VACANT COMMERCIAL LAND

    224 Mississippi Ave, Elwood, IL 60421-9218

    $290,000
    Estimated value
    0.29 AC lot
    View details
    Cir Ct Dr, Unit 17
    VACANT COMMERCIAL LAND

    Cir Ct Dr, Elwood, IL 60421

    Unit 17
    $215,000
    Estimated value
    0.58 AC lot
    View details
    Mississippi Ave
    VACANT COMMERCIAL LAND

    Mississippi Ave, Elwood, IL 60421

    $65,000
    Estimated value
    0.08 AC lot
    View details
    Heritage Dr
    VACANT COMMERCIAL LAND

    Heritage Dr, Elwood, IL 60421

    $340,000
    Estimated value
    1.45 AC lot
    View details
    Heritage Dr
    VACANT COMMERCIAL LAND

    Heritage Dr, Elwood, IL 60421

    $340,000
    Estimated value
    1.13 AC lot
    View details
    Heritage Dr
    VACANT COMMERCIAL LAND

    Heritage Dr, Elwood, IL 60421

    $340,000
    Estimated value
    1.45 AC lot
    View details
    Schweitzer Rd
    VACANT COMMERCIAL LAND

    Schweitzer Rd, Elwood, IL 60421

    $1,660,000
    Estimated value
    11.75 AC lot
    View details
    Patterson Rd
    VACANT COMMERCIAL LAND

    Patterson Rd, Elwood, IL 60421

    $300,000
    Estimated value
    1.41 AC lot
    View details
    Walter Strawn Dr
    VACANT COMMERCIAL LAND

    Walter Strawn Dr, Elwood, IL 60421

    $295,000
    Estimated value
    0.33 AC lot
    View details
    126 Saint Louis St
    VACANT COMMERCIAL LAND

    126 Saint Louis St, Elwood, IL 60421

    $290,000
    Estimated value
    0.36 AC lot
    View details
    Patterson Rd
    VACANT COMMERCIAL LAND

    Patterson Rd, Elwood, IL 60421

    $295,000
    Estimated value
    0.66 AC lot
    View details
    Elwood, IL 60421
    VACANT COMMERCIAL LAND

    Elwood, IL 60421

    $290,000
    Estimated value
    0.93 AC lot
    View details
    Mississippi Ave
    VACANT COMMERCIAL LAND

    Mississippi Ave, Elwood, IL 60421

    $290,000
    Estimated value
    0.01 AC lot
    View details
    200 Mississippi Ave
    VACANT COMMERCIAL LAND

    200 Mississippi Ave, Elwood, IL 60421-6162

    $300,000
    Estimated value
    0.23 AC lot
    View details
    53 Ss St
    VACANT COMMERCIAL LAND

    53 Ss St, Elwood, IL 60421

    $310,000
    Estimated value
    2.29 AC lot
    View details
    Schweitzer Rd
    VACANT COMMERCIAL LAND

    Schweitzer Rd, Elwood, IL 60421

    $290,000
    Estimated value
    0.04 AC lot
    View details

    Elwood, IL Commercial Land Market Trends and Statistics

    Explore 46 commercial land for sale in Elwood, IL, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 1,911,906 square feet of properties for sale, with an estimated market value of $550,000.

    Sale prices for commercial lots in Elwood, IL average $550,000 — 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

    Industrial land 9
    Commercial land 8
    Residential land & home lots 3

    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 $3.5M

    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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