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    1400 Smith Rd Lemont, IL 60441

    For Sale
    $525,000

    4.08 Acres, $525,000, AG Zoning

    Property size:
    177,724 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 4.08-acre parcel, located at 1400 Smith Road in Lemont, Illinois (zip code 60441), presents a unique land banking opportunity. Situated on a 609' x 239' hard corner lot directly across from the Big Run Golf Course and north of a planned 500+ unit residential development, this property offers unparalleled potential. The site boasts a flat, clean parcel with minimal holding costs, reflected in annual property taxes under $100. Currently zoned AG, this land is ideally positioned for future development, benefiting from its proximity to major transportation arteries. The property's location provides convenient access to the I-355 (Archer) Interchange, Downtown Lemont, and Lockport. A Nicor easement runs along 135th Street. The property is currently unincorporated Lockport in DuPage Township. The asking price is $525,000, translating to $2.95 per square foot for the 177,724 square foot lot. This fee simple ownership offers significant upside potential given the anticipated growth in the surrounding area. The property's strategic location and low holding costs make it an attractive investment for long-term growth.

    Property Features for 1400 Smith Rd

    General Information

    Property type
    Land
    Square Feet
    177,724 SF
    Lot Size
    177,725 SF

    HighLights

    • 609' x 239' hard corner lot.
    • Nicor easement along 135th Street.
    • Level, clean parcel.
    • Extremely low holding costs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Building Supply Auto Parts Store Kitchen & Bath Daycare Center Electrical Service Garden Center Laundry Service Plumbing Service Dry Cleaner

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lemont
    County
    Cook/DuPage/Will
    State
    Illinois
    Longitude
    -88.0277086
    Latitude
    41.6415379

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    FAQs

    What type of property is this?
    Land - 4.08 Acres, $525,000, AG Zoning
    Where is this land located?
    The property is located at 1400 Smith Rd Lemont, IL.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: 609' x 239' hard corner lot.; Nicor easement along 135th Street.; Level, clean parcel.
    (262) 925-3031
    Request Owner's contact information
    1400 Smith Rd Lemont, IL 60441
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    Lemont, IL 60441
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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
    1400 Smith Rd Lemont, IL 60441
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