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    Spring Rd Coal City, IL 60416

    Sponsored
    For Sale
    $1,950,000

    Prime Industrial Land, I-55 Frontage, Build-to-Suit Possible

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 30-acre parcel presents a rare opportunity for industrial development in the thriving Village of Diamond, Illinois. Strategically located in Will County, this property boasts 1214 feet of frontage along I-55, providing unparalleled access to major transportation arteries. Conveniently situated near IL Rt. 113 to the north and Reed Road to the south, this location offers easy access to key regional thoroughfares. The site benefits from its inclusion in both the Diamond Tax Increment Financing (TIF) district and an enterprise zone, offering potential economic incentives for development. Furthermore, its proximity to the Illiana Expressway, Ridgeport Intermodal facility, and a proposed Coal City Intermodal facility underscores its strategic location within a robust logistics network. The property is zoned for industrial use, allowing for a wide range of development possibilities. The seller is open to exploring build-to-suit options, making this an attractive proposition for businesses seeking a customized solution. The APN is 02-24-06-300-006-0000. The asking price for this significant industrial land opportunity is $1,950,000. This is a truly exceptional opportunity for businesses seeking a prime location with excellent access and development potential.

    Property Features for 0 Spring Rd

    General Information

    Property type
    Land
    Lot Size
    1,306,800 SF

    HighLights

    • $1,950,000 asking price.
    • 30‑acre industrial land parcel.
    • Located in Diamond, IL (Will County), zoned industrial.
    • Excellent I‑55 frontage.
    • Situated within a Tax Increment Financing (TIF) district and enterprise zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Coal City
    County
    Will
    State
    Illinois
    Longitude
    -88.2465286
    Latitude
    41.2742411

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Prime Industrial Land, I-55 Frontage, Build-to-Suit Possible
    Where is this land located?
    The property is located at Spring Rd Coal City, IL.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: $1,950,000 asking price.; 30-acre industrial land parcel.; Located in Diamond, IL (Will County), zoned industrial.
    Request Owner's contact information
    Spring Rd Coal City, IL 60416
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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
    Spring Rd Coal City, IL 60416
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