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    Swc Rdg & Black Rds Joliet, IL 60431

    Sponsored
    For Sale
    $6,795,000

    54 Acres, B-3 Zoning, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 54-acre commercial land parcel presents a significant investment opportunity in a rapidly growing area of Joliet, Illinois. Located at the southwest corner of Ridge Road and Black Road in Kendall County (zip code 60431), this property boasts 900 feet of frontage on busy Ridge Road, offering unparalleled visibility and accessibility. Currently zoned B-3, the land is divisible, allowing for flexibility in development plans. The site's strategic location at a major intersection, with a future traffic signal planned, ensures high traffic counts and excellent exposure for any commercial venture. A key advantage is the significant lack of competition

    Property Features for 0 Swc Rdg & Black Rds

    General Information

    Property type
    Land
    Lot Size
    2,352,240 SF

    HighLights

    • 54‑acre commercial land parcel in a rapidly growing area of Joliet, IL.
    • Corner lot at Ridge Road and Black Road in Kendall County (zip code 60431).
    • Underserved area for retail, with no gas stations within approximately 4 miles.
    • 900 feet of frontage on busy Ridge Road.
    • Future traffic signal planned at Ridge and Black Roads.
    • Divisible parcel, allowing for flexible development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Joliet
    County
    Kendall
    State
    Illinois
    Longitude
    -88.1609981
    Latitude
    41.5365

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    FAQs

    What type of property is this?
    Land - 54 Acres, B-3 Zoning, High Traffic
    Where is this land located?
    The property is located at Swc Rdg & Black Rds Joliet, IL.
    What is the asking price?
    The asking price for this property is $6,795,000.
    What are key features of this property?
    This property features: 54-acre commercial land parcel in a rapidly growing area of Joliet, IL.; Corner lot at Ridge Road and Black Road in Kendall County (zip code 60431).; Underserved area for retail, with no gas stations within approximately 4 miles.
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    Swc Rdg & Black Rds 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
    Swc Rdg & Black Rds Joliet, IL 60431
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