Property profile

0 Rte 53 & Schweitzer Rd Joliet, IL 60436

OFF-MARKET
Land
197 ac lot
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Property summary

AI-generated overview

This exceptional 197-acre land parcel presents a significant development opportunity in Joliet, Illinois. Strategically located at the intersection of Route 53 and Schweitzer Road, this property offers unparalleled access to major transportation arteries. The site comprises two parcels: a larger 160-acre tract and a 37-acre tract, both serviced by existing utilities. Its proximity to the full I-80 interchange at Route 53 ensures seamless connectivity to I-80 and I-55, facilitating efficient logistics and distribution. Furthermore, the property benefits from its close proximity to BNSF and UP intermodal facilities, providing crucial access to rail transportation. This prime location is further enhanced by its adjacency to established corporate neighbors, including Amazon, Ikea, Dollar Tree, and Toyota, underscoring the area's robust economic activity and desirability. The site's expansive size allows for the development of over 2.5 million square feet of commercial space, making it ideal for large-scale industrial, logistics, or distribution projects. With its exceptional location, infrastructure, and potential, this property represents a rare and compelling investment opportunity in a thriving industrial market. The property is located in Will County, Illinois, with a zip code of 60436.

Property profile

Verified
Property type Land
Lot 197 ac (8,581,320 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Rte 53 & Schweitzer Rd Joliet, IL 60436
Joliet metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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