Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Braidwood Development Opportunity: 10 Acres Title is generated by Realmo AI

    574 Caleb Road, Braidwood, IL 60408

    View on Map
    Claim this Listing
    For Sale
    $700,000

    LAND - Braidwood, IL

    Lot size:
    9.75 Acres
    Added:
    May 27, 2026
    Days on Market:
    8
    Last Refresh:
    Jun 3 at 2:06 am

    Property Features for 574 Caleb Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    SINGL
    Standard status
    Active
    APN
    0224161060060000
    Lot size
    9.75 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    4977

    Utilities

    Water front
    1

    We can help!

    Listing Contact
    Edward Ruettiger

    Listing agent Edward Ruettiger

    Listing office Exit Real Estate Specialists 2405 Essington Road #I, Joliet, IL

    Listing date May 27, 2026

    MLS# 12661139 Listing URL

    Copyright © 2026 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.

    HighLights

    • Surrounded by school property and forest preserve land, offering a highly desirable natural buffer and setting.
    • All utilities are pinned and addressed throughout the development.
    • Located within the Braidwood School District.
    • Features 21 total available sites with flexible lot configurations.
    • Seven lots are ideally positioned around a scenic pond area.
    • Wonderful mix of mature trees throughout the site, providing natural character and shade.

    Overview

    This approximately 10-acre site is positioned near school property to the north and bordered by forest preserve land on multiple sides. The west side of the property adjoins an established residential neighborhood. Located within the Braidwood School District, this development features 21 total available sites. Seven of the lots are positioned around a scenic pond area. The property includes mature trees throughout the site. All utilities have been pinned and addressed throughout the development, including city water, city sewer, storm sewer, and electric run to the units. Natural gas is available at the entrance of the property with potential for future extension into additional areas of the site. The property offers multiple lot configurations and established infrastructure. Taxes are an estimate based on the full 21-site development as undeveloped land. This is an excellent opportunity for development in a growing area with established infrastructure, natural beauty, and flexible lot configurations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Braidwood
    County
    Will
    State
    Illinois
    Longitude
    -88.205236
    Latitude
    41.254774

    Nearby Similar for Sale

    • $145,000
      1,600 SF

      Commercial Building on Main Street

      1,600 sq ft commercial building on busy Main Street.
      146 E Main Street, Braidwood, IL 60408
      View Details
    • $150,000
      2,000 SF

      Braidwood Commercial Building on Main

      1600 sq ft commercial building on busy Main Street.
      146 E Main Street, Braidwood, IL 60408
      View Details
    • $1,400,000
      14,835 SF

      New Self-Storage Facility For Sale

      New construction self-storage facility in Braidwood, Illinois.
      1120 W Kennedy Rd, Braidwood, IL 60408
      View Details
    • $2,450,000

      47 Acres Near I-55 Interchange

      47 acres with commercial or industrial potential near I-55.
      Coal City Rd, Braidwood, IL
      View Details
    • $1,950,000
      7,500 SF

      Manufacturing Space with I-55 Frontage

      7,500 SF manufacturing space with I-55 frontage for sale.
      151 S Will Rd, Braidwood, IL
      View Details
    • $20,000

      Braidwood Land For Sale

      Land lot available in Braidwood, Illinois.
      177 E Eureka St, Braidwood, IL
      View Details
    • Contact for pricing
      11,610 SF

      Braidwood Industrial Warehouse for Lease

      Industrial warehouse with highway visibility and convenient interstate access.
      1725 S Will Rd, Braidwood, IL
      View Details

    FAQs

    What type of property is this?
    Land - 10-acre Braidwood site with utilities and development potential.
    Where is this land located?
    The property is located at 574 Caleb Road Braidwood, IL.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: Surrounded by school property and forest preserve land, offering a highly desirable natural buffer and setting.; All utilities are pinned and addressed throughout the development.; Located within the Braidwood School District.
    (815) 823-5478
    We can help!
    Listing Contact
    Edward Ruettiger
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    574 Caleb Road, Braidwood, IL 60408
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!