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    Mall Loop Dr Joliet, IL 60431

    Sponsored
    For Sale
    Contact for pricing

    4.54 acres near Westfield Louis-Joliet Mall.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4.54-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Joliet, Illinois. Strategically located on Mall Loop Drive, this property enjoys unparalleled visibility and accessibility, situated directly adjacent to the popular Westfield Louis-Joliet Mall. The high-traffic location makes it ideal for a variety of commercial ventures, particularly restaurants and retail establishments seeking a prime location with significant foot traffic and brand exposure. The property is zoned for commercial use, simplifying the development process and offering flexibility for potential buyers. The land is offered at a competitive price point of $7.00 to $9.00 per square foot, representing a strong value proposition in this desirable market. With its convenient location, ample space, and favorable zoning, this property is poised for immediate development and promises significant returns on investment. The property's address is Mall Loop Dr, Joliet, IL 60431, situated within Kendall/Will County. This is a rare opportunity to acquire a substantial commercial land parcel in a high-demand area with exceptional potential for growth and profitability. The property's size and location make it suitable for a variety of commercial developments, offering significant flexibility for potential buyers. Don't miss this chance to secure a prime piece of real estate in a thriving commercial corridor.

    Property Features for 0 Mall Loop Dr

    General Information

    Property type
    Land
    Lot Size
    197,762 SF

    HighLights

    • Sale Price: $7.00 - $9.00/SF
    • Lot Size: 4.54 Acres
    • Commercial Zoning
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Joliet
    County
    Kendall/Will
    State
    Illinois
    Longitude
    -88.165967
    Latitude
    41.5795232

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    FAQs

    What type of property is this?
    Land - 4.54 acres near Westfield Louis-Joliet Mall.
    Where is this land located?
    The property is located at Mall Loop Dr Joliet, IL.
    What are key features of this property?
    This property features: Sale Price: $7.00 - $9.00/SF; Lot Size: 4.54 Acres; Commercial Zoning
    Request Owner's contact information
    Mall Loop Dr Joliet, IL 60431
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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
    Mall Loop Dr Joliet, IL 60431
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