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    Briggs St Joliet, IL 60433

    Sponsored
    For Sale
    $2,500,000

    15 Acres, I-80 Proximity, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 15-acre industrial land parcel presents a significant development opportunity in Joliet, Illinois. Strategically located just one mile from Interstate I-80, this site offers unparalleled access to major transportation arteries, facilitating efficient logistics and distribution. The property is also conveniently situated 10 miles from North Point and 11 miles from CenterPoint Intermodal, further enhancing its connectivity and appeal to businesses seeking a prime location. A conceptual site plan has already been developed, envisioning a 60,000-square-foot facility with ample parking for 302 trucks. This pre-planning significantly reduces development hurdles and accelerates the path to project completion. The asking price for this prime industrial land is $2,500,000. The property is located at 0 S Briggs St, Joliet, IL 60433, within Will County. Its ideal location, coupled with the existing conceptual plan, makes this a truly compelling investment opportunity for developers seeking to capitalize on the robust industrial market in this thriving area of Illinois. The property's size and location make it suitable for a variety of industrial uses, offering significant potential for long-term growth and return on investment. This is a rare chance to acquire a ready-to-develop site in a high-demand location.

    Property Features for 0 Briggs St

    General Information

    Property type
    Land
    Lot Size
    653,400 SF

    HighLights

    • 15‑acre industrial land parcel in Joliet, IL, asking $2,500,000.
    • One mile from I‑80, 10 miles from North Point, and 11 miles from CenterPoint Intermodal.
    • Existing conceptual site plan for a 60,000‑square‑foot facility with 302 truck parking spaces.
    • Located at 0 S Briggs St, Joliet, IL 60433, in Will County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Joliet
    County
    Will
    State
    Illinois
    Longitude
    -88.0460894
    Latitude
    41.5397073

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    FAQs

    What type of property is this?
    Land - 15 Acres, I-80 Proximity, High Potential
    Where is this land located?
    The property is located at Briggs St Joliet, IL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 15-acre industrial land parcel in Joliet, IL, asking $2,500,000.; One mile from I-80, 10 miles from North Point, and 11 miles from CenterPoint Intermodal.; Existing conceptual site plan for a 60,000-square-foot facility with 302 truck parking spaces.
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    Briggs St Joliet, IL 60433
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    Joliet, IL 60433
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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

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    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
    Briggs St Joliet, IL 60433
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