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    Elwood, IL Land for Sale

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    Residential Land in Elwood, IL
    Updated: Mar 28, 2025
    Residential Land in Elwood, IL

    966 Arrowhead Drive lot: 264, Elwood, IL 60421

    $40,000
    Location coordinates provided (-88.10841, 41.422653).
    View details
    Industrial Land with Three Entrances
    Updated: Dec 1, 2020
    Industrial Land with Three Entrances

    21241 W Schweitzer Road, Elwood, IL 60421

    $6,585,000
    35.00 AC lot
    35 acres of industrial land
    AGRIC zoning
    Three entrances from Schweitzer Road
    Located within the Intermodal Port area
    Near the bridge connecting Vetter Road and I‑80
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    Elwood Land Parcel For Sale
    Elwood Land Parcel For Sale

    Mississippi Ave - PAD 11, Elwood, IL 60421

    Contact for pricing
    11 sqft

    11.5 acre land parcel in Elwood, Illinois available for sale.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    47-Acre Rail-Served Land Parcel
    47-Acre Rail-Served Land Parcel

    Walter Strawn Drive - PAD 9, Elwood, IL 60421

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    47 sqft

    47 acres of rail-served land with development potential.

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    Industrial Land Parcel
    Industrial Land Parcel

    23551 S Vetter Rd, Elwood, IL 60421

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    9.31 AC lot

    Approximately 9.31 acres zoned I-TB and offered for sale as industrial land.

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    Will County Land For Sale
    Will County Land For Sale

    24026 S Rowell Rd, Elwood, IL

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    39.29 AC lot

    39.29 acres of A-1 zoned land in Illinois.

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    Scenic Wooded Residential Lot
    Scenic Wooded Residential Lot

    109 Creekside Drive, Elwood, IL 60421

    $44,500

    Half-acre wooded walk-out lot with utilities on site and views of Jackson Creek.

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    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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    Residential Land Lot
    Residential Land Lot

    966 Arrowhead Drive, Elwood, IL 60421

    $40,000

    Residential home lot offered for sale at 966 Arrowhead Drive in Elwood, IL 60421.

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    Elwood Land Near Intermodal Facilities
    Elwood Land Near Intermodal Facilities

    21150 W Noel Rd, Elwood, IL

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    38.49 AC lot

    38.49 acres near UP and BNSF intermodal facilities.

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    Elwood Corner Commercial Lot
    Elwood Corner Commercial Lot

    11 E Mississippi Ave, Elwood, IL 60421

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    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

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    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 76 Potential Opportunities for your consideration. Besides 13 Active listings in Elwood, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 59 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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    Land, Joliet, IL
    Land, Joliet, IL

    47 International Way, Joliet, IL 60436

    $42,000

    Land

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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.

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    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.

    Schweitzer Rd
    INDUSTRIAL - VACANT LAND

    Schweitzer Rd, Elwood, IL 60421

    $295,000
    Estimated value
    1.38 AC lot
    View details
    53 Ss St
    VACANT COMMERCIAL LAND

    53 Ss St, Elwood, IL 60421

    $585,000
    Estimated value
    0.27 AC lot
    View details
    21561 Mississippi Ave
    INDUSTRIAL - VACANT LAND

    21561 Mississippi Ave, Elwood, IL 60421-8002

    $37,500,000
    Estimated value
    6.22 AC lot
    View details
    Mississippi Ave
    INDUSTRIAL - VACANT LAND

    Mississippi Ave, Elwood, IL 60421

    $22,000,000
    Estimated value
    3.33 AC lot
    View details
    Walter Strawn Dr
    INDUSTRIAL - VACANT LAND

    Walter Strawn Dr, Elwood, IL 60421

    $300,000
    Estimated value
    9.66 AC lot
    View details
    Walter Strawn Dr
    INDUSTRIAL - VACANT LAND

    Walter Strawn Dr, Elwood, IL 60421

    $300,000
    Estimated value
    8.97 AC lot
    View details
    Industrial Park Dr
    INDUSTRIAL - VACANT LAND

    Industrial Park Dr, Elwood, IL 60421

    $280,000
    Estimated value
    0.20 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
    Elwood, IL 60421
    INDUSTRIAL - VACANT LAND

    Elwood, IL 60421

    $285,000
    Estimated value
    6.76 AC lot
    View details
    Elwood, IL 60421
    INDUSTRIAL - VACANT LAND

    Elwood, IL 60421

    $480,000
    Estimated value
    66.24 AC lot
    View details
    Elwood, IL 60421
    INDUSTRIAL - VACANT LAND

    Elwood, IL 60421

    $285,000
    Estimated value
    3.89 AC lot
    View details

    Elwood, IL Land Market Trends and Statistics

    Explore 72 land for sale in Elwood, IL, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 5,518,674 square feet of properties for sale, with an estimated market value of $7,259,500.

    Sale prices for lots in Elwood, IL start at $40,000, averaging $1,451,900, 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

    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 $2.8M

    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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