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    Phase I I Cherry Hl Rd Joliet, IL 60433

    Sponsored
    For Sale
    $4,900,500

    33-acre I-2 zoned Joliet site. Excellent I-80 visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 33-acre industrial land parcel presents a unique investment opportunity in Joliet, Illinois. Strategically located in unincorporated Will County and zoned I-2, this property is ideally suited for a variety of commercial and industrial uses, including warehouse facilities, manufacturing plants, or large-scale retail developments ("big box" users). Its prime location directly off Interstate 80, between Frankfort and Morris, IL, ensures unparalleled accessibility and high visibility from the highway. The site boasts an engineered and approved access road aligned with Moss Lane on Cherry Hill Road, simplifying development and logistics. The asking price for this highly desirable property is $4,900,500. Given its size, zoning, and exceptional location, this 33-acre tract represents a rare chance to acquire a premier industrial site in a thriving market. The property's visibility from I-80 provides significant marketing advantages for any future development. The I-2 zoning allows for a wide range of industrial uses, making it an attractive option for a variety of businesses. This is a turnkey opportunity for immediate development. The existing infrastructure, including the approved access road, significantly reduces development time and costs. Don't miss this chance to secure a prime location for your next industrial project. The property is located at Phase I I Cherry Hill Rd, Joliet, IL 60433.

    Property Features for 0 Phase I I Cherry Hl Rd

    General Information

    Property type
    Land
    Lot Size
    1,437,480 SF

    HighLights

    • I‑2 zoned land in unincorporated Will County.
    • Ideal for warehouse, manufacturing, or big‑box retail.
    • 75‑acre I‑2 site directly off I‑80 between Frankfort and Morris, IL.
    • Features an engineered and approved access road off Moss Lane on Cherry Hill.
    • High visibility from I‑80.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Joliet
    County
    Will
    State
    Illinois
    Longitude
    -88.0230806
    Latitude
    41.4975951

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    FAQs

    What type of property is this?
    Land - 33-acre I-2 zoned Joliet site. Excellent I-80 visibility.
    Where is this land located?
    The property is located at Phase I I Cherry Hl Rd Joliet, IL.
    What is the asking price?
    The asking price for this property is $4,900,500.
    What are key features of this property?
    This property features: I-2 zoned land in unincorporated Will County.; Ideal for warehouse, manufacturing, or big-box retail.; 75-acre I-2 site directly off I-80 between Frankfort and Morris, IL.
    Request Owner's contact information
    Phase I I Cherry Hl Rd 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

    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
    Phase I I Cherry Hl Rd Joliet, IL 60433
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