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    88th St - Mokena, IL 60448

    For Sale
    $2,515,470

    Prime 10-acre industrial lot in Mokena, IL.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 10.04-acre commercial land parcel, located at 88th Ave. & 187th Street - Lot 1 in Mokena, Will County, Illinois (zip code 60448), presents a unique investment opportunity. Priced at $2,515,470 ($5.50/sq ft), this property boasts a highly desirable industrial zoning. The site is fully improved, offering readily available infrastructure including water, sewer, electric, natural gas, and off-site detention. This significantly reduces development time and costs. Benefit from low Will County real estate taxes and access to a skilled labor pool. This location offers excellent accessibility and is strategically positioned within a thriving commercial corridor. The property is also conveniently located near major transportation routes, ensuring efficient logistics. The site could potentially be combined with an adjacent lot (Lot 2) to create a larger 17.319-acre development. This presents a compelling opportunity for businesses seeking a ready-to-develop site with significant potential for growth and expansion. Sales tax incentives are also available, adding further value to this exceptional offering. Don't miss this chance to secure a prime industrial land parcel in a rapidly developing area.

    Property Features for 88th St -

    General Information

    Property type
    Land
    Lot Size
    437,342 SF

    HighLights

    • $2,515,470 asking price for 10.04 acres of commercial land.
    • Located in Mokena, IL (Will County), at 88th Ave. & 187th Street - Lot 1, zip code 60448.
    • Land value: $5.50/SF.
    • Zoned industrial, with available water, sewer, electric, natural gas, and off‑site detention.
    • Low Will County real estate taxes and sales tax incentives.
    • Skilled labor pool readily available.
    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 - Prime 10-acre industrial lot in Mokena, IL.
    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 $2,515,470.
    What are key features of this property?
    This property features: $2,515,470 asking price for 10.04 acres of commercial land.; Located in Mokena, IL (Will County), at 88th Ave. & 187th Street - Lot 1, zip code 60448.; Land value: $5.50/SF.
    (773) 355-3017
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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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