Property summary
Diamond Point Commercial Center presents a unique investment opportunity in a rapidly growing area of Will County, Illinois. This 20-acre developed out-lot property, located at the northeast corner of IL Route 113 and County Line Road in Diamond (zip code 60416), is zoned B-3 and boasts a prime location within a thriving market. The site currently features a successful KFC/Taco Bell, exceeding projected performance by 50%. With a significant market gap of $214,283,000, this property offers… substantial potential for retail and commercial development. The area is experiencing significant growth, fueled by industrial warehouse development to the north and established manufacturing. The property benefits from high traffic counts, with over 39,000 vehicles per day on nearby I-55 (less than a mile away) and 11,100 VPD on Route 113. The site plan offers flexibility, including additional out-lots planned along Route 113, a planned 7,200 square foot retail center (Lot 7), and approximately 9 acres available for development north of the out-lots. Four full access points, plus a right-in/right-out access point, ensure convenient access. Utilities including sewer, water, storm sewer, detention, gas, and electric are all on-site. The property is situated within the Diamond Tax Increment Financing (TIF) district and Enterprise Zone, offering potential economic incentives. The average household income in the area is $70,664, and the median age is 40.6, serving a local population of 28,500 and a larger market area of over 41,000. The site's stormwater detention is located in the northeast corner, providing an open space amenity. The APN is 03-17-31-300-015. Route 113 is scheduled for widening to I-55, further enhancing accessibility and visibility.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
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