23550 Vetter Rd, Elwood, IL 60421
This exceptional 27.3-acre commercial/industrial land opportunity presents an unparalleled investment prospect. Strategically located in Elwood, Illinois, this property boasts approximately 960 feet of frontage on Vetter Road (now Houbolt Road), directly benefiting from the recently opened Houbolt Road bridge extension (March 2023). Situated within the CenterPoint Intermodal Center corridor, this site offers immediate access to major transportation arteries, making it ideal for logistics, warehousing, and trucking-related businesses. The property comprises two parcels and includes a two-story home and a 2.94-acre pond, which can be filled in to accommodate future development plans. The pond was personally installed by the current owner for recreational purposes. The annexation to Joliet further enhances the property's value and development potential. This prime location, coupled with its significant size and direct access to the Houbolt Road bridge, ensures exceptional visibility and accessibility for any commercial or industrial enterprise. The immeasurable commercial potential makes this a truly unique and highly sought-after opportunity.
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.