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    17958 Cedar Rd Lockport, IL 60491

    Sponsored
    For Sale
    $1,064,250

    19.35 acres, excellent development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 19.35-acre commercial land parcel presents a unique investment opportunity in Lockport, Illinois. Located at 17958 S Cedar Rd, 60491, this property boasts significant frontage on Cedar Road, accessible from both the north and east sides. Its strategic location offers convenient access to major transportation arteries, including the Metra train station (within 4 miles), I-355, and I-80, ensuring seamless connectivity. The property's western border adjoins the Will County forest preserve, providing a tranquil setting, while Spring Creek flows nearby. Adding to its appeal is the proximity to a small park and the convenience of nearby shopping, dining, schools, Silver Cross Hospital, and numerous medical offices. This quiet area, situated near Homer Glen and New Lenox, offers a blend of serenity and accessibility. The asking price is $1,064,250, translating to $55,000 per acre. The property's unique features and prime location make it ideal for a variety of development projects. When traveling south on Cedar Road from 159th or 167th Street, this property is easily identifiable as the second section of the "S" curves north of Route 6 in New Lenox. Don't miss this chance to acquire a substantial land holding with immense potential in a highly desirable location.

    Property Features for 17958 Cedar Rd

    General Information

    Property type
    Land
    Lot Size
    842,886 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Will
    State
    Illinois
    Longitude
    -87.9779134
    Latitude
    41.56988

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    FAQs

    What type of property is this?
    Land - 19.35 acres, excellent development potential.
    Where is this land located?
    The property is located at 17958 Cedar Rd Lockport, IL.
    What is the asking price?
    The asking price for this property is $1,064,250.
    (708) 301-4700
    Request Owner's contact information
    17958 Cedar Rd Lockport, IL 60491
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    Lockport, IL 60491
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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
    17958 Cedar Rd Lockport, IL 60491
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