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    Swc Rt 59 & Black Rd Shorewood, IL 60404

    Sponsored
    For Sale
    $1,800,000

    7-Acre Site, $1.8M, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 7-acre commercial land parcel presents a remarkable investment opportunity in Joliet, Illinois. Located at the southwest corner of Route 59 and Black Road, this fully improved pad site boasts a pre-existing parking lot and convenient access drives. The property's strategic location at a signalized intersection ensures easy ingress and egress, maximizing visibility and accessibility for potential businesses. Zoned B3 PUD, this site allows for the construction of up to approximately 100,000 square feet of commercial development. The property benefits from its adjacency to a newly constructed Aldi store and a strong retail environment, including nearby Home Depot, McDonald's, Mattress Firm, Firestone, and O'Reilly Auto Parts. This prime location offers significant potential for a variety of commercial uses, making it an ideal investment for developers seeking high-traffic exposure and a thriving retail context. The asking price is $1,800,000. The property is situated in Will County, Illinois, with a Joliet address and 60404 zip code. This is a rare opportunity to acquire a large, well-located commercial parcel ready for immediate development.

    Property Features for 0 Swc Rt 59 & Black Rd

    General Information

    Property type
    Land
    Lot Size
    304,920 SF

    HighLights

    • Price: $1,800,000
    • Adjacent to a new Aldi grocery store
    • Improved pad site with ample parking and convenient access drives
    • High‑visibility location at a signalized intersection
    • Strong co‑tenancy with Aldi, Home Depot, McDonald's, Mattress Firm, Firestone, and O'Reilly Auto Parts
    • B3 PUD zoning
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Shorewood
    County
    Will
    State
    Illinois
    Longitude
    -88.1991407
    Latitude
    41.5361433

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    FAQs

    What type of property is this?
    Land - 7-Acre Site, $1.8M, High Visibility
    Where is this land located?
    The property is located at Swc Rt 59 & Black Rd Shorewood, IL.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Price: $1,800,000; Adjacent to a new Aldi grocery store; Improved pad site with ample parking and convenient access drives
    Request Owner's contact information
    Swc Rt 59 & Black Rd Shorewood, IL 60404
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    Shorewood, IL 60404
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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
    Swc Rt 59 & Black Rd Shorewood, IL 60404
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