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    Of Black Rd Joliet, IL 60431

    Sponsored
    For Sale
    $400,000

    0.9-acre lot, prime Joliet location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.9-acre commercial lot presents a unique investment opportunity in Joliet, Illinois. Located north of the intersection of Essington Road and Black Road, this fully improved site boasts excellent visibility and accessibility, situated just east of I-55. The property features frontage on Essington Road, benefiting from high traffic counts of 16,800 vehicles per day (VPD) along Essington Road and 24,100 VPD along Black Road, ensuring significant exposure for any future development. The lot is zoned R-B (Restricted Business Districts), offering a range of potential uses. Its strategic location provides convenient access to major transportation arteries and is adjacent to an Old Second National Bank branch, further enhancing its appeal. The property's proximity to medical facilities adds to its overall desirability. This is a rare opportunity to acquire a well-situated, fully improved commercial lot in a thriving area of Joliet. The parcel's APN is 050601310015. The asking price for this exceptional property is $400,000. Don't miss this chance to secure a prime piece of Joliet real estate.

    Property Features for 0 Of Black Rd

    General Information

    Property type
    Land
    Lot Size
    39,204 SF

    HighLights

    • High traffic counts: 16,800 VPD on Essington Rd, 24,100 VPD on Black Rd.
    • Adjacent to Old Second National Bank.
    • Excellent medical proximity.
    • Fully improved site.
    • Essington Road frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Joliet
    County
    Will
    State
    Illinois
    Longitude
    -88.160326979435
    Latitude
    41.538496153184

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    FAQs

    What type of property is this?
    Land - 0.9-acre lot, prime Joliet location.
    Where is this land located?
    The property is located at Of Black Rd Joliet, IL.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: High traffic counts: 16,800 VPD on Essington Rd, 24,100 VPD on Black Rd.; Adjacent to Old Second National Bank.; Excellent medical proximity.
    (630) 693-0655
    Request Owner's contact information
    Of Black Rd Joliet, IL 60431
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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
    Of Black Rd Joliet, IL 60431
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