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    1601 W Schweitzer Rd Elwood, IL 60421

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    For Lease
    Contact for pricing

    148,815 SF warehouse near UP Joliet Intermodal.

    Property size:
    148,815 SF
    Lot size:
    16.12 Acres

    Property Features for 1601 W Schweitzer Rd

    General Information

    Size
    148,815 SF
    Lot size
    16.12 Acres

    Source: Newmark | Chicago Agent Mark Deady

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Elwood Warehouse with Intermodal Access

    This 148,815 square foot warehouse is located one block from the UP Joliet Intermodal. It features 18 exterior docks equipped with 40,000 lb. levelers and 4 drive-in doors. The warehouse has a 36' clear height and LED lighting. Column spacing is 50' x 50' with a 60' speed bay. There are 64 car parking spaces and 14 trailer stalls, with the potential for expansion. The property includes 1,200 Amps and a 200 KW backup generator. The sublease term extends through August 31, 2030.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Auto Repair Shop Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Elwood
    County
    Will
    State
    Illinois
    Longitude
    -88.0510474
    Latitude
    41.4661538

    Nearby Similar for Lease

    • Contact for pricing
      383,494 SF

      Elwood Warehouse Space Available

      799,294 SF warehouse space available for lease in Elwood, IL.
      21151 Walter Strawn Dr, Elwood, IL 60421
      View Details

    FAQs

    What type of property is this?
    Warehouse - 148,815 SF warehouse near UP Joliet Intermodal.
    Where is this warehouse located?
    The property is located at 1601 W Schweitzer Rd Elwood, IL.
    What are key features of this property?
    This property features: - Located one block from UP Joliet Intermodal; - **36' Clear Height**; - **18 Exterior Docks w/40,000 lb. Levelers**
    (773) 957-1443
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    1601 W Schweitzer Rd Elwood, IL 60421
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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
    1601 W Schweitzer Rd Elwood, IL 60421
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