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    Il-53 Joliet, IL 60436

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    Joliet, IL: 10 acres, B-3 zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10.13-acre commercial land parcel presents a unique investment opportunity in Joliet, Illinois. Strategically located at the intersection of IL Route 53 and Laraway Road, this property boasts a highly desirable B-3 zoning designation, allowing for a diverse range of commercial, industrial, and residential uses. The site is annexed to the City of Joliet and offers the convenience of all utilities already in place. A traffic light at the intersection ensures high visibility and accessibility. The property's proximity to major transportation arteries is a significant advantage, with the I-80 interchange just 2.29+ miles away, providing seamless connectivity to regional and national markets. Individual lots ranging from 1.16 to 10.13 acres are available, offering flexibility for various development scenarios. The possibility of combining lots allows for larger-scale projects, catering to a wide spectrum of business needs. This prime location, coupled with its versatile zoning and infrastructure, makes this property an ideal choice for developers seeking a high-impact investment in a thriving market. The site is perfectly suited for retail outlets, restaurants, service/wholesale businesses, light industrial operations, and automotive-related enterprises. Don't miss this chance to acquire a significant piece of land in a rapidly growing area.

    Property Features for 0 Il-53

    General Information

    Property type
    Land
    Lot Size
    441,263 SF

    HighLights

    • 10.13‑acre land parcel available for sale or build‑to‑suit.
    • Lots are combinable.
    • B‑3 zoning.
    • Annexed to the City of Joliet, IL.
    • All utilities on‑site.
    • Signalized intersection at IL Route 53 and Laraway Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Joliet
    County
    Will
    State
    Illinois
    Longitude
    -88.0802346
    Latitude
    41.4861707

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    FAQs

    What type of property is this?
    Land - Joliet, IL: 10 acres, B-3 zoning
    Where is this land located?
    The property is located at Il-53 Joliet, IL.
    What are key features of this property?
    This property features: 10.13-acre land parcel available for sale or build-to-suit.; Lots are combinable.; B-3 zoning.
    Request Owner's contact information
    Il-53 Joliet, IL 60436
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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
    Il-53 Joliet, IL 60436
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