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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 properties
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    35 Acre Parcel Near Intermodal
    Updated: Mar 24
    35 Acre Parcel Near Intermodal

    21241 W Schweitzer Road, Elwood, IL 60421

    $6,585,000
    35.00 AC lot
    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.
    View details
    Commercial Lot with High Visibility
    Updated: Jul 15, 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
    View details
    Residential Land in Elwood, IL
    Residential Land in Elwood, IL

    966 Arrowhead Drive lot: 264, Elwood, IL 60421

    $40,000

    Residential land available in Elwood, Illinois.

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

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    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.

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    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.

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    Elwood Land Near Intermodal Facilities
    Elwood Land Near Intermodal Facilities

    21150 W Noel Rd, Elwood, IL

    $7,000,000
    38.49 AC lot

    38.49 acres near UP and BNSF intermodal facilities.

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    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.

    View details
    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.

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    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.

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    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.

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    Based on your search, we've compiled 77 Potential Opportunities for your consideration. Besides 12 Active listings in Elwood, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 60 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 Land with High Traffic
    Commercial Land with High Traffic

    Minooka, IL 60410

    $1,595,000

    Commercial land available with high traffic count.

    View details
    Commercial Development Land Available
    Commercial Development Land Available

    Lot 5 Us Rte 6 Rd, Channahon, IL 60410

    $599,000

    Commercial land available for development.

    View details
    Commercial Land For Sale
    Commercial Land For Sale

    Minooka, IL 60410

    $375,000

    Commercial development land available, lots can be combined.

    View details
    Commercial Development Land Available
    Commercial Development Land Available

    Lot 5 Us Rte 6 Road, Channahon, IL 60410

    $599,000

    Commercial development land for sale, multiple lots available.

    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
    68 Acres Tillable Land For Sale

    Saint Johns, MI 48879

    $499,000
    68.30 AC lot

    68 acres of tillable land suitable for multiple uses.

    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
    INDUSTRIAL - VACANT LAND

    Schweitzer Rd, Elwood, IL 60421

    Value Estimation by Request
    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

    Value Estimation by Request
    9.66 AC lot
    View details
    Walter Strawn Dr
    INDUSTRIAL - VACANT LAND

    Walter Strawn Dr, Elwood, IL 60421

    Value Estimation by Request
    8.97 AC lot
    View details
    Industrial Park Dr
    INDUSTRIAL - VACANT LAND

    Industrial Park Dr, Elwood, IL 60421

    Value Estimation by Request
    0.20 AC lot
    View details
    224 Mississippi Ave
    VACANT COMMERCIAL LAND

    224 Mississippi Ave, Elwood, IL 60421-9218

    Value Estimation by Request
    0.29 AC lot
    View details
    Elwood, IL 60421
    INDUSTRIAL - VACANT LAND

    Elwood, IL 60421

    Value Estimation by Request
    6.76 AC lot
    View details
    Elwood, IL 60421
    INDUSTRIAL - VACANT LAND

    Elwood, IL 60421

    Value Estimation by Request
    66.24 AC lot
    View details
    Elwood, IL 60421
    INDUSTRIAL - VACANT LAND

    Elwood, IL 60421

    Value Estimation by Request
    3.89 AC lot
    View details
    Elwood, IL 60421
    INDUSTRIAL - VACANT LAND

    Elwood, IL 60421

    $505,000
    Estimated value
    59.96 AC lot
    View details

    Elwood, IL Land Market Trends and Statistics

    Explore 72 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 $24,310,000.

    Sale prices for lots in Elwood, IL start at $0.00, averaging $2,025,833, and reaching up to $7,000,000 — 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

    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 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 $2M

    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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