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Property profile

88th St - Mokena, IL 60448

OFF-MARKET
Land
3.04 ac lot
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Property summary

AI-generated overview

This exceptional 3.04-acre commercial land parcel presents a unique investment opportunity in Mokena, Illinois. Located at the intersection of 88th Ave. and 187th Street (Lot 9), this property is zoned industrial and boasts readily available infrastructure, including water, sewer, electric, and natural gas services. Off-site detention is also in place, simplifying development. The land is priced at $793,750, translating to a land value of $5.75 per square foot. Benefit from low Will County real estate taxes and access to a skilled labor pool. This site is ideal for businesses seeking a strategic location with established utilities. The property's location offers excellent accessibility and visibility. While this listing focuses on the 3.04-acre parcel (Lot 9), it's worth noting that adjacent Lot 10 (not included in this listing) could be combined to create a larger 5.931-acre site. This presents an opportunity for significant expansion or the development of a larger-scale project. The property is part of a larger development offering various lot sizes, ranging from 2.3 to 17.3 acres, available for sale or build-to-suit options. Sales tax incentives are also available, adding further value to this compelling investment. Don't miss this chance to secure a prime industrial site in a thriving location.

Property profile

Verified
Property type Land
Lot 3.04 ac (132,422 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

88th St - Mokena, IL 60448
Mokena metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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