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    OFF-MARKET
    Land

    11 Mississippi Ave, Elwood, IL 60421

    2.17 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.17-acre commercial lot in Elwood, Illinois, presents a remarkable investment opportunity. Located at 11 E Mississippi Ave, this property boasts a prime corner location at the intersection of Route 53 and Mississippi Avenue, ensuring exceptional visibility and accessibility. The lot is zoned COMMR and features existing curbs and a street cut-in, simplifying the development process. With an estimated daily traffic count of 5,900 vehicles, this location guarantees high exposure for any business. Previously proposed for fast-food development, this site is ideal for a variety of commercial ventures. The surrounding area is experiencing significant growth, with numerous light industrial buildings already established and ongoing construction projects. The property's 2.17 acres provide ample space for development, and additional lots are available in the vicinity for expansion opportunities. The APN is 1011292050020000. This is a rare chance to acquire a highly visible, buildable lot in a thriving commercial area. The asking price is $325,000. Don't miss this chance to secure your place in Elwood's growing commercial landscape.

    Property profile
    Verified
    Property type Land
    Lot 2.17 ac (94,525 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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