53 Kankakee Riv Dr & Rte Wilmington, IL 60481
- Land
- 85.36 lot acres
Current Use by Public Records
- Land
Property Details for 53 Kankakee Riv Dr & Rte
- Lot size
- 85.36 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 85.36-acre industrial land parcel presents a remarkable investment opportunity in Wilmington, Illinois. Strategically located at the intersection of Kankakee River Drive and Route 53, this property offers unparalleled access to major transportation arteries, including immediate access to I-55 via the Wilmington exit, and close proximity to I-57 and I-80. The site is annexed into the City of Wilmington and zoned I-2 Industrial, ensuring flexibility for a wide range of development projects. City sewer and water utilities are readily available. The property is also served by Union Pacific Rail, providing significant logistical advantages. This expansive site is divisible, offering flexibility for various development scenarios, or can be developed as a build-to-suit project. The asking price is $22,309,689, translating to $6 per square foot of land value. The property's location offers significant advantages, including its proximity to the Centerpoint Intermodal Center, just five miles south. Furthermore, substantial real estate abatements are available from both the City of Wilmington and Will County, making this an exceptionally attractive investment. Beyond traditional industrial uses, the zoning allows for potential alternative uses, such as multi-family or senior housing developments. The property's APN is 03-17-25-200-011-0000. This is a rare opportunity to acquire a large, well-located industrial site with significant development potential and substantial cost savings through available abatements.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- Greene
- State
- Illinois
- Longitude
- -88.1326
- Latitude
- 41.3202
