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    Manhattan Rd Joliet, IL 60431

    Sponsored
    For Sale
    $895,000

    Prime Joliet acreage, agricultural zoning. Development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5.03-acre parcel of land, located on Manhattan Road in Joliet, Illinois (zip code 60431), presents a unique investment opportunity. Currently vacant and undeveloped, the property is zoned for agricultural use, offering considerable flexibility for future development. The lot's size provides ample space for a variety of commercial ventures. Its location in Will County, Illinois, offers convenient access to major transportation routes, making it particularly attractive for businesses requiring easy access to trucking routes or outdoor storage facilities. The property's APN is 07-26-201-013. The asking price for this significant landholding is $895,000. Serious inquiries are encouraged to explore the potential of this substantial property and its suitability for various commercial applications. Given its size and zoning, this land offers a compelling opportunity for investors seeking a substantial land acquisition in a strategic location. The property's latitude and longitude coordinates are 41.5119669 and -88.1827931 respectively.

    Property Features for 0 Manhattan Rd

    General Information

    Property type
    Land
    Lot Size
    219,107 SF

    HighLights

    • 5.03‑acre parcel.
    • Vacant land, ready for development.
    • Agricultural zoning.
    • Pin Number: 07‑26‑201‑013.
    • Potential for trucking or outdoor storage uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Joliet
    County
    Will
    State
    Illinois
    Longitude
    -88.1827931
    Latitude
    41.5119669

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    FAQs

    What type of property is this?
    Land - Prime Joliet acreage, agricultural zoning. Development potential.
    Where is this land located?
    The property is located at Manhattan Rd Joliet, IL.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: 5.03-acre parcel.; Vacant land, ready for development.; Agricultural zoning.
    Request Owner's contact information
    Manhattan 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
    Manhattan Rd Joliet, IL 60431
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