Commercial Lot with High
For Sale
$150,000
Lot 11 East Mississippi Avenue, Elwood, IL 60421
Corner commercial lot in high-traffic area, ideal for development.
Property SizeContact for details
Lot Size4.72 Acres
Days on Market373
Property Features for Lot 11 East Mississippi Avenue
General Information
Standard status
Active
Lot size
4.72 Acres
Property subtype
Land
Zoning
COMMR
Taxes and HOA fees
Annual Taxes
$15
Listing Agency:
CRIS Realty
(815) 354-5632
Listed By:
Rosemarie Dudeck · License #475121840
(815) 354-5632
Source:
Compass
Added: Aug 2, 2025
Changed: Aug 8
Last Checked: Aug 9 at 12:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CRIS Realty
Investment Insights
Based on property information with market context.
This commercial lot is situated in a highly traveled area with high visibility on a corner location, complete with curbs and street cuts. The property has been proposed for fast food and, given its exposure, is considered ideal off Route 53. Potential business uses include a mini mart or convenience store, a drive-thru coffee shop, or a funeral home due to its proximity to the Abraham Lincoln Cemetery and the expressway. The area is experiencing growth and is ready for development, with several industrial buildings already operational in Center Point. Included with Lot 11 Mississippi is Out Lot D, which is the Detention Easement. Lot 11 comprises 2.16 acres, and Out Lot D adds an additional 2.56 acres, resulting in a total of 4.72 acres. Additional lots are available in the downtown area of Elwood and can be purchased in multiple lots.
Key Highlights
- 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)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Explore this area
Business Placement
Demographics for 60421, IL
3,734
Population
1,645
Households
2.3
Avg Household Size
45
Median Age
18%
College-Educated
96%
High-School Grad
59.8 sq mi
ZIP Area
62
Density / Sq Mi
$101,818
Median Household Income
$51,306
Median Earnings
$989
Median Rent
$251,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Corner commercial lot in high-traffic area, ideal for development.
Where is this commercial land located?
The property is located at Lot 11 East Mississippi Avenue Elwood, IL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 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)
