Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    30 & I-55 Nwc Rte Joliet, IL 60586

    Sponsored
    For Sale
    $350,000

    172 acres, 500,000 SF retail potential.

    Property size:
    500,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 172-acre commercial land parcel presents a unique investment opportunity in the thriving Plainfield/Joliet, Illinois market. Strategically located at the northwest quadrant of the I-55 and US Route 30 interchange, this property offers unparalleled access and visibility. The site is planned for a mixed-use development exceeding 500,000 square feet of retail, restaurant, and entertainment space, anchored by a significant 150,000 square foot Costco. This development, known as Boulevard Place, envisions a vibrant, pedestrian-friendly environment with landscaped areas and amenities designed to encourage lingering and relaxation. The asking price is $350,000, translating to $0.70 per square foot. The area boasts strong demographics, including a high homeownership rate (84%), a significant number of young families (average household size 3.25), and a median home value of $350,000. While the area experiences longer commutes (average over 30 minutes), this is offset by the high demand for new housing (66% of homes built since 2000) and a low housing vacancy rate of 3.7%. This prime location and planned development make this a compelling investment for those seeking high-growth potential in a dynamic suburban market. The property's size and strategic location offer significant long-term value and development possibilities.

    Property Features for 30 & I-55 Nwc Rte

    General Information

    Property type
    Land
    Square Feet
    500,000 SF
    Lot Size
    7,492,320 SF

    HighLights

    • Strong suburban growth in a major metro area's periphery.
    • High concentration of young families with an average household size of 3.25.
    • High homeownership rate (84%) and significant mortgage usage (71.5%).
    • Predominantly new, single‑family homes; 66% built since 2000.
    • Median home value: $350,000.
    • Low housing vacancy rate of 3.7%.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Joliet
    County
    Cleveland
    State
    Illinois
    Longitude
    -88.1668202
    Latitude
    41.5832133

    Nearby Similar for Sale

    • $265,000
      0.31 Acres

      Joliet Two-Flat Investment Opportunity

      Two-unit property with long-term tenants and a four-car garage.
      347 Pine St, Joliet, IL 60435
      View Details
    • New
      $315,000

      Joliet Brick 2-Flat Investment

      Unique brick 2-flat with investment potential in Joliet, IL.
      910 Nicholson St, Joliet, IL 60435
      View Details
    • $279,999
      0.11 Acres

      All-Brick Joliet Two-Flat Income Property

      Well-maintained two-unit property in Joliet, ideal for investors.
      511 E 3Rd Ave, Joliet, IL 60433
      View Details
    • $1,500,000
      0.44 Acres

      Renovated Multifamily Building in Joliet

      Turn-key investment: renovated 8-unit building, fully rented, high-demand location.
      303-307 Stone St, Joliet, IL 60435
      View Details
    • $1,100,000
      0.60 Acres

      Turn-Key Restaurant Opportunity in Joliet

      Well-maintained restaurant with equipment, inventory, and trademarks included.
      810 Plainfield Rd, Joliet, IL 60435
      View Details
    • $775,000
      0.60 Acres

      Joliet Commercial Property For Sale

      Well-maintained building on 0.6 acres with redevelopment potential.
      810 Plainfield Rd, Joliet, IL 60435
      View Details
    • $389,900
      0.15 Acres

      Joliet Residential Income Property

      Three-unit residential property in a perfectly situated Joliet location.
      214-216 N Hickory St, Joliet, IL 60435
      View Details
    • $617,500

      Victorian Home on Double Lot

      Spacious Victorian on a double lot near downtown Forest Park.
      7415 Dixon St, Forest Park, IL 60130
      View Details
    • $450,000
      0.07 Acres

      Prime Commercial Space in Forest Park

      High-visibility storefront in Forest Park's vibrant Madison Street corridor.
      7441 Madison St, Forest Park, IL 60130
      View Details
    • $2,999,999
      0.23 Acres

      Forest Park Commercial Building For Sale

      Prime commercial building on bustling Madison Street in Forest Park.
      7321 Madison St, Forest Park, IL 60130
      View Details
    • $425,000
      0.38 Acres

      Victorian Triplex in Joliet, IL

      Charming Victorian triplex on a double lot with 4-car garage.
      230 Comstock St, Joliet, IL 60436
      View Details
    • $280,000
      0.07 Acres

      Forest Park Income Property

      Two-unit property with potential for rental or single-family use.
      937 Marengo Ave, Forest Park, IL 60130
      View Details

    FAQs

    What type of property is this?
    Land - 172 acres, 500,000 SF retail potential.
    Where is this land located?
    The property is located at 30 & I-55 Nwc Rte Joliet, IL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Strong suburban growth in a major metro area's periphery.; High concentration of young families with an average household size of 3.25.; High homeownership rate (84%) and significant mortgage usage (71.5%).
    Request Owner's contact information
    30 & I-55 Nwc Rte Joliet, IL 60586
    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.
    30 & I-55 Nwc Rte
    Joliet, IL 60586
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    30 & I-55 Nwc Rte Joliet, IL 60586
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.