11 Mississippi Ave, Elwood, IL 60421
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.