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    Weber And Renwick Rd Lockport, IL 60403

    Sponsored
    For Sale
    $1,100,000

    Prime 8.83-acre commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8.83-acre commercial land parcel is strategically located at the busy intersection of Weber and Renwick Road in Crest Hill, Illinois (zip code 60403). The property, identified by APN 11-04-20-105-065-0000, is zoned B-3, offering a wide range of development possibilities. Its prime location boasts high visibility and accessibility, situated within a thriving community. The site is well-positioned to benefit from significant population density, with approximately 157,000 people residing within a three-mile radius. The area is experiencing growth, with new residential developments underway, further enhancing the property's long-term value. A significant portion of the land, approximately one acre, fronts Weber Road, providing excellent frontage for commercial development. Established retailers such as Walmart, Blaine's Farm and Fleet, and the Louis Joliet Mall are located nearby, indicating a strong retail presence and consumer base. This presents a unique opportunity for investors and developers seeking a substantial land parcel in a rapidly developing area. The asking price for this exceptional property is $1,100,000. Don't miss this chance to acquire a highly desirable commercial land asset in a prime location.

    Property Features for 0 Weber And Renwick Rd

    General Information

    Property type
    Land
    Lot Size
    384,635 SF

    HighLights

    • 8.83‑acre commercial land parcel in Crest Hill, IL.
    • High‑traffic intersection of Weber and Renwick Roads.
    • ±157,000 population within a 3‑mile radius.
    • New residential developments nearby.
    • One‑acre frontage on Weber Road.
    • Strong retail presence with nearby Walmart, Blaine's Farm & Fleet, and Louis Joliet Mall.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lockport
    County
    Will
    State
    Illinois
    Longitude
    -88.1122838
    Latitude
    41.5954886

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    FAQs

    What type of property is this?
    Land - Prime 8.83-acre commercial lot, ideal for development.
    Where is this land located?
    The property is located at Weber And Renwick Rd Lockport, IL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: 8.83-acre commercial land parcel in Crest Hill, IL.; High-traffic intersection of Weber and Renwick Roads.; ±157,000 population within a 3-mile radius.
    Request Owner's contact information
    Weber And Renwick Rd Lockport, IL 60403
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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
    Weber And Renwick Rd Lockport, IL 60403
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