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    88th St - Mokena, IL 60448

    Sponsored
    For Sale
    $1,822,420

    7.276 Acres, Industrial Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 7.276-acre industrial land parcel in Mokena, Illinois, presents a prime opportunity for development. Located at 88th Avenue & 187th Street – Lot 2, this property boasts convenient access to major transportation arteries, including full interchanges at LaGrange Road and Harlem Avenue, and strong visibility from I-80. The site is zoned for industrial use and benefits from low Will County real estate taxes. Infrastructure is already in place, including water, sewer, electric, and natural gas, along with off-site detention. This ready-to-build site offers significant advantages, including access to a skilled labor pool and the added benefit of sales tax incentives. The asking price is $1,822,420, translating to a land value of $5.75 per square foot. This property is part of a larger development offering sites ranging from 2.3 to 17.3 acres, available for sale or build-to-suit. Don't miss this chance to secure a strategic location for your industrial needs in a thriving area. The property is situated in Will County, Illinois, with a zip code of 60448.

    Property Features for 88th St -

    General Information

    Property type
    Land
    Lot Size
    316,943 SF

    HighLights

    • $1,822,420 asking price for 7.276 acres of industrial land.
    • Located in Mokena, IL, Will County, at 88th Avenue & 187th Street - Lot 2 (zip code 60448).
    • Zoned for industrial use.
    • Land price: $5.75/SF.
    • Improved site with water, sewer, electric, and natural gas; off‑site detention.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mokena
    County
    Will
    State
    Illinois
    Longitude
    -87.8315116
    Latitude
    41.5505624

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    FAQs

    What type of property is this?
    Land - 7.276 Acres, Industrial Zoning
    Where is this land located?
    The property is located at 88th St - Mokena, IL.
    What is the asking price?
    The asking price for this property is $1,822,420.
    What are key features of this property?
    This property features: $1,822,420 asking price for 7.276 acres of industrial land.; Located in Mokena, IL, Will County, at 88th Avenue & 187th Street - Lot 2 (zip code 60448).; Zoned for industrial use.
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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
    88th St - Mokena, IL 60448
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