Elwood Commercial Lot For
For Sale
$150,000
Lot 3 Town Center Dr, Elwood, IL 60421
Commercial lot in Elwood's new Commercial District, high visibility.
Property SizeContact for details
Lot Size2.43 Acres
Days on Market392
Property Features for Lot 3 Town Center Dr
General Information
Standard status
Active
Lot size
2.43 Acres
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$17
Listing Agency:
CRIS Realty
(815) 485-5050
Listed By:
Rosemarie Dudeck · License #475121840
(815) 354-5632
Source:
Exprealty
Added: Aug 18, 2025
Changed: Sep 10
Last Checked: Sep 13 at 10:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CRIS Realty
Investment Insights
Based on property information with market context.
This commercial lot is situated in the heart of the new Commercial District on Mississippi Street in Elwood, positioned on the main street just off of Rt. 53, which experiences a daily traffic count of 5,900 vehicles. The surrounding area features industry and warehousing. Located across from a strip mall anchored by Silver Dollar Restaurant and other shopping venues, the lot is also adjacent to the Village of Elwood City Hall. The property is near the Abraham Lincoln National Cemetery for Veterans. Identified as Lot 3, it offers high visibility with curbs and a street cut-in. Utilities are nearby. The lot encompasses 105,818 square feet, equivalent to 2.43 acres. It is an ideal location to build a grocery store. Additional lots are available for purchase, and can be purchased in multiple lots. A backup package and survey are available.
Key Highlights
- Located in the heart of the new Commercial District on Mississippi Street in Elwood.
- High visibility location on the main street into town, just off Rt. 53, with a daily traffic count of 5,900 vehicles.
- Located across from a Strip Mall anchored by Silver Dollar Restaurant and next to the Village of Elwood City Hall.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 60421, IL
3,734
Population
1,645
Households
2.3
Avg Household Size
45
Median Age
18%
College-Educated
96%
High-School Grad
59.8 sq mi
ZIP Area
62
Density / Sq Mi
$101,818
Median Household Income
$51,306
Median Earnings
$989
Median Rent
$251,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial lot in Elwood's new Commercial District, high visibility.
Where is this commercial land located?
The property is located at Lot 3 Town Center Dr Elwood, IL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Located in the heart of the new Commercial District on Mississippi Street in Elwood.; High visibility location on the main street into town, just off Rt. 53, with a daily traffic count of 5,900 vehicles.; Located across from a Strip Mall anchored by Silver Dollar Restaurant and next to the Village of Elwood City Hall.
