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    6989 Joliet Rd Indian Head Park, IL 60525

    Sponsored
    For Sale
    $1,050,000

    1.51 Acres, High Visibility, B3 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.51-acre commercial and industrial land parcel presents a unique development opportunity in Indian Head Park, Illinois. Located at 6989 Joliet Road, this hard-corner property boasts unparalleled visibility due to its strategic position at the intersection of Joliet Road and I-294. The B3 zoning allows for a variety of commercial and industrial uses. With daily traffic counts of 17,900 vehicles on Joliet Road and 146,100 on I-294, this site offers unmatched exposure for businesses seeking high brand visibility. Its proximity to I-55 access ramps further enhances its strategic location. The property's size and location make it ideal for a wide range of development projects, from retail establishments to industrial facilities. This is a rare opportunity to acquire a prime development site on a thriving business corridor in Cook County, Illinois, with an asking price of $1,050,000. The property's location directly borders I-294, placing it within feet of a massive daily traffic flow. With sufficient building height, visibility to I-55 traffic is also achievable. This presents a significant advantage for businesses seeking maximum brand exposure. This is a first-time offering of this highly desirable property.

    Property Features for 6989 Joliet Rd

    General Information

    Property type
    Land
    Lot Size
    65,776 SF

    HighLights

    • 1.51‑acre commercial/industrial land parcel in Indian Head Park, IL.
    • High‑visibility hard‑corner location at Joliet Road & I‑294.
    • B3 zoning allows diverse commercial/industrial uses.
    • Exceptional daily traffic counts: 17,900 on Joliet Road, 146,100 on I‑294.
    • Proximity to I‑55 access ramps.
    • Asking price: $1,050,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Indian Head Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.899493
    Latitude
    41.7641009

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    FAQs

    What type of property is this?
    Land - 1.51 Acres, High Visibility, B3 Zoning
    Where is this land located?
    The property is located at 6989 Joliet Rd Indian Head Park, IL.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: 1.51-acre commercial/industrial land parcel in Indian Head Park, IL.; High-visibility hard-corner location at Joliet Road & I-294.; B3 zoning allows diverse commercial/industrial uses.
    Request Owner's contact information
    6989 Joliet Rd Indian Head Park, IL 60525
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    Indian Head Park, IL 60525
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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
    6989 Joliet Rd Indian Head Park, IL 60525
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