Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    22023 Hollywood Rd Joliet, IL 60436

    Sponsored
    For Sale
    $495,000

    0.73-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.73-acre commercial land parcel presents a unique investment opportunity in Joliet, Illinois. Located at 22023 Hollywood Road, this property boasts a highly visible corner location at the intersection of Route 6 and Hollywood Road, offering excellent exposure for any commercial venture. The lot measures approximately 200 feet by 180 feet and is zoned R-2 in Will County, with the potential for rezoning within the City of Joliet. Utilities are readily available, with gas and electric already on-site, and city water and sewer conveniently located across the street. The property benefits from its proximity to major transportation arteries, including the I-80 and Hollywood/Houbolt Road interchange (3/4 mile) and the I-55 and Route 6 interchange (2.5 miles). Significant infrastructure improvements are underway, including the rebuilding of the Hollywood/Houbolt interchange at I-80 and the widening of Hollywood Road between US 6 and I-80. A new bridge spanning the Des Plaines River and the Houbolt Road extension further enhance connectivity to the Joliet Intermodal Terminal (JIT) Global IV, a substantial state-of-the-art facility. The asking price is $495,000, reflecting a land value of $14.39 per square foot. The property's value lies primarily in its strategic location and development potential. The parcel number is 0506264000110000. Please note there is no signage on the property, and tenants should not be disturbed.

    Property Features for 22023 Hollywood Rd

    General Information

    Property type
    Land
    Lot Size
    31,799 SF

    HighLights

    • $495,000 asking price for 0.73‑acre commercial land parcel.
    • R‑2 zoning (Will County), easily rezoned within the City of Joliet.
    • Located at the lighted corner of Route 6 and Hollywood Road in Joliet, IL.
    • Excellent access to I‑80 and I‑55 interchanges.
    • Utilities available: gas, electric, city water, and sewer nearby.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Building Supply Auto Repair Shop Wholesale Shop Gym & Fitness Auto Parts Store Department Store Hotel & Motel Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Joliet
    County
    Will
    State
    Illinois
    Longitude
    -88.158635602533
    Latitude
    41.483014147592

    Nearby Similar for Sale

    • $265,000
      0.31 Acres

      Joliet Two-Flat Investment Opportunity

      Two-unit property with long-term tenants and a four-car garage.
      347 Pine St, Joliet, IL 60435
      View Details
    • New
      $315,000

      Joliet Brick 2-Flat Investment

      Unique brick 2-flat with investment potential in Joliet, IL.
      910 Nicholson St, Joliet, IL 60435
      View Details
    • $279,999
      0.11 Acres

      All-Brick Joliet Two-Flat Income Property

      Well-maintained two-unit property in Joliet, ideal for investors.
      511 E 3Rd Ave, Joliet, IL 60433
      View Details
    • $1,500,000
      0.44 Acres

      Renovated Multifamily Building in Joliet

      Turn-key investment: renovated 8-unit building, fully rented, high-demand location.
      303-307 Stone St, Joliet, IL 60435
      View Details
    • $1,100,000
      0.60 Acres

      Turn-Key Restaurant Opportunity in Joliet

      Well-maintained restaurant with equipment, inventory, and trademarks included.
      810 Plainfield Rd, Joliet, IL 60435
      View Details
    • $775,000
      0.60 Acres

      Joliet Commercial Property For Sale

      Well-maintained building on 0.6 acres with redevelopment potential.
      810 Plainfield Rd, Joliet, IL 60435
      View Details
    • $389,900
      0.15 Acres

      Joliet Residential Income Property

      Three-unit residential property in a perfectly situated Joliet location.
      214-216 N Hickory St, Joliet, IL 60435
      View Details
    • $617,500

      Victorian Home on Double Lot

      Spacious Victorian on a double lot near downtown Forest Park.
      7415 Dixon St, Forest Park, IL 60130
      View Details
    • $450,000
      0.07 Acres

      Prime Commercial Space in Forest Park

      High-visibility storefront in Forest Park's vibrant Madison Street corridor.
      7441 Madison St, Forest Park, IL 60130
      View Details
    • $2,999,999
      0.23 Acres

      Forest Park Commercial Building For Sale

      Prime commercial building on bustling Madison Street in Forest Park.
      7321 Madison St, Forest Park, IL 60130
      View Details
    • $425,000
      0.38 Acres

      Victorian Triplex in Joliet, IL

      Charming Victorian triplex on a double lot with 4-car garage.
      230 Comstock St, Joliet, IL 60436
      View Details
    • $280,000
      0.07 Acres

      Forest Park Income Property

      Two-unit property with potential for rental or single-family use.
      937 Marengo Ave, Forest Park, IL 60130
      View Details

    FAQs

    What type of property is this?
    Land - 0.73-acre commercial lot, prime location.
    Where is this land located?
    The property is located at 22023 Hollywood Rd Joliet, IL.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: $495,000 asking price for 0.73-acre commercial land parcel.; R-2 zoning (Will County), easily rezoned within the City of Joliet.; Located at the lighted corner of Route 6 and Hollywood Road in Joliet, IL.
    (815) 546-1679
    Request Owner's contact information
    22023 Hollywood Rd Joliet, IL 60436
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    22023 Hollywood Rd
    Joliet, IL 60436
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    22023 Hollywood Rd Joliet, IL 60436
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.