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    203 W Park St Elwood, IL 60421

    Picture of Commercial land at W Park St 203, Elwood, IL
    For Sale
    $80,000

    Land - Elwood, IL

    Lot size:
    0.85 Acres
    Days on Market:
    287
    Last Refresh:
    Dec 12 at 3:06 pm

    Property Features for 203 W Park St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1011291410040000
    Lot size
    0.85 Acres

    Building Details

    Architectural style
    Other

    eXp Realty, LLC (888) 574-9405 [email protected]

    Listing agent Randi Quigley (708) 446-0328 License #475164758

    Listing date Mar 1, 2025

    MLS# 12296897 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Elwood, IL Land For Sale

    This commercial land, located in Elwood, Illinois, offers 0.85 acres for potential development. The property is located at 203 W Park Street, Elwood, IL 60421.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Pharmacy Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elwood
    County
    Will
    State
    Illinois
    Longitude
    -88.114161
    Latitude
    41.406612

    Nearby Similar for Sale

    • Contact for pricing

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      2,953 SF

      Elwood Retail Investment Opportunity

      Prime location, versatile space, high ROI potential.
      430 Mississippi Ave, Elwood, IL 60421
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    FAQs

    What type of property is this?
    Commercial land - Commercial land available in Elwood, Illinois.
    Where is this commercial land located?
    The property is located at 203 W Park St Elwood, IL.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: - Location: Situated at coordinates -88.11416, 41.406612, offering a potentially desirable geographic location.; - Additional property details available, inquire for more information.; - Description includes details about the property's features and condition.
    (708) 446-0328
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    Elwood, IL 60421
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    203 W Park St Elwood, IL 60421
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