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    Elwood, IL
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    Elwood, IL Land for Sale

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    Joliet, IL Minooka, IL Manhattan, IL
    12 results
    Commercial Lot with High Visibility
    $150,000
    4.72 Acres

    Commercial Lot with High Visibility

    Lot 11 East Mississippi Avenue, Elwood, IL 60421

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

    • 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
    Updated: Jul 15, 2025
    View details
    35 Acre Parcel Near Intermodal
    $6,585,000
    35.00 Acres

    35 Acre Parcel Near Intermodal

    21241 W Schweitzer Road, Elwood, IL 60421

    35 acre commercial land parcel near the Intermodal Port.

    • 35 acre parcel offers a rare opportunity.
    • Located in the center of the Intermodal Port.
    • Benefit from 3 entrances from Schweitzer Rd.
    • Located on Schweitzer Rd.
    • Near the bridge connecting Vetter Rd. and I‑80.
    Updated: Mar 24
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    Elwood Land Parcel For Sale
    Contact for pricing

    Elwood Land Parcel For Sale

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

    Mississippi Ave - PAD 11, Elwood, IL 60421
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    Residential Land in Elwood, IL
    $40,000

    Residential Land in Elwood, IL

    Residential land available in Elwood, Illinois.

    966 Arrowhead Drive lot: 264, Elwood, IL 60421
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    47-Acre Rail-Served Land Parcel
    Contact for pricing

    47-Acre Rail-Served Land Parcel

    47 acres of rail-served land with development potential.

    Walter Strawn Drive - PAD 9, Elwood, IL 60421
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    Prime Development Land on Route 53
    Contact for pricing
    38.26 Acres

    Prime Development Land on Route 53

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

    23815 IL-53, Elwood, IL
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    Will County Land For Sale
    $3,500,000
    39.29 Acres

    Will County Land For Sale

    39.29 acres of A-1 zoned land in Illinois.

    24026 S Rowell Rd, Elwood, IL
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    Elwood Land Near Intermodal Facilities
    Contact for pricing
    38.49 Acres

    Elwood Land Near Intermodal Facilities

    38.49 acres near UP and BNSF intermodal facilities.

    21150 W Noel Rd, Elwood, IL
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    35 Acres in Intermodal Port
    $6,585,000
    35.00 Acres

    35 Acres in Intermodal Port

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

    21241 W Schweitzer Road, Elwood, IL 60421
    View details
    Elwood Commercial Lot For Sale
    $150,000
    2.43 Acres

    Elwood Commercial Lot For Sale

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

    Lot 3 Town Center Drive, Elwood, IL 60421
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    Elwood Corner Commercial Lot
    $150,000
    2.17 Acres

    Elwood Corner Commercial Lot

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

    11 E Mississippi Ave, Elwood, IL 60421
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    Commercial Lot in High-Visibility Area
    $150,000

    Commercial Lot in High-Visibility Area

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

    Lot 4 Lincoln-Way Drive, Elwood, IL 60421
    View details
    Based on your search, we've compiled 196 Potential Opportunities for your consideration. Besides 12 Active listings in Elwood, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 179 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Commercial Development Land Available
    $599,000

    Commercial Development Land Available

    Commercial development land for sale, multiple lots available.

    Lot 5 Us Rte 6 Road, Channahon, IL 60410
    View details
    Commercial Land with High Traffic
    $1,595,000

    Commercial Land with High Traffic

    Commercial land available with high traffic count.

    Minooka, IL 60410
    View details
    Commercial Development Land Available
    $599,000

    Commercial Development Land Available

    Commercial land available for development.

    Lot 5 Us Rte 6 Rd, Channahon, IL 60410
    View details
    Commercial Land For Sale
    $375,000

    Commercial Land For Sale

    Commercial development land available, lots can be combined.

    Minooka, IL 60410
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    68 Acres Tillable Land For Sale
    $499,000
    68.30 Acres

    68 Acres Tillable Land For Sale

    68 acres of tillable land suitable for multiple uses.

    Saint Johns, MI 48879
    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.

    Schweitzer Rd

    Schweitzer Rd

    INDUSTRIAL - VACANT LAND • 1.38 Acres
    Value Estimation by Request
    Schweitzer Rd, Elwood, IL 60421
    View details
    53 Ss St

    53 Ss St

    VACANT COMMERCIAL LAND • 0.27 Acres
    Value Estimation
    $585,000
    53 Ss St, Elwood, IL 60421
    View details
    21561 Mississippi Ave

    21561 Mississippi Ave

    INDUSTRIAL - VACANT LAND • 6.22 Acres
    Value Estimation
    $37,500,000
    21561 Mississippi Ave, Elwood, IL 60421-8002
    View details
    Mississippi Ave

    Mississippi Ave

    INDUSTRIAL - VACANT LAND • 3.33 Acres
    Value Estimation
    $22,000,000
    Mississippi Ave, Elwood, IL 60421
    View details
    Walter Strawn Dr

    Walter Strawn Dr

    INDUSTRIAL - VACANT LAND • 9.66 Acres
    Value Estimation by Request
    Walter Strawn Dr, Elwood, IL 60421
    View details
    Walter Strawn Dr

    Walter Strawn Dr

    INDUSTRIAL - VACANT LAND • 8.97 Acres
    Value Estimation by Request
    Walter Strawn Dr, Elwood, IL 60421
    View details
    Industrial Park Dr

    Industrial Park Dr

    INDUSTRIAL - VACANT LAND • 0.20 Acres
    Value Estimation by Request
    Industrial Park Dr, Elwood, IL 60421
    View details
    224 Mississippi Ave

    224 Mississippi Ave

    VACANT COMMERCIAL LAND • 0.29 Acres
    Value Estimation by Request
    224 Mississippi Ave, Elwood, IL 60421-9218
    View details
    Elwood, IL 60421

    Elwood, IL 60421

    INDUSTRIAL - VACANT LAND • 6.76 Acres
    Value Estimation by Request
    Elwood, IL 60421
    View details
    Elwood, IL 60421

    Elwood, IL 60421

    INDUSTRIAL - VACANT LAND • 66.24 Acres
    Value Estimation by Request
    Elwood, IL 60421
    View details
    Elwood, IL 60421

    Elwood, IL 60421

    INDUSTRIAL - VACANT LAND • 3.89 Acres
    Value Estimation by Request
    Elwood, IL 60421
    View details
    Elwood, IL 60421

    Elwood, IL 60421

    INDUSTRIAL - VACANT LAND • 59.96 Acres
    Value Estimation
    $505,000
    Elwood, IL 60421
    View details

    Elwood, IL Land Investment Opportunities Market Analysis

    Explore 191 land for sale in Elwood, IL, showcased through 12 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 $17,310,000.

    Sale prices for lots in Elwood, IL start at $0.00, averaging $1,442,500, 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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    Map

    Top Commercial Asset Segments

    Commercial land 10
    Industrial land 5
    Residential land & home lots 1

    Demographics Overview

    Population 3,786
    Population Growth (5Y) -1.5%
    Median Household Income $101,818
    College Educated 25.8%

    High-Yield Neighborhoods for Strategic Investment

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

    Neighborhood Average Price
    60421 $2M

    Taxes & Financing

    Tax Rate (average for all types) 9.04%
    Property Tax per SF $57.13 per sq ft
    Average Loan-to-Value 65.0%

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