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    Property profile & analytics

    3 Cherry Hill Rd Joliet, IL 60433

    • Land
    • 5.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 3 Cherry Hill Rd

    Lot size
    5.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 5-acre industrial land parcel, located at Lot 3 Cherry Hill Rd, Joliet, IL 60433, presents a unique investment opportunity. Situated in unincorporated Will County, this property boasts unparalleled visibility due to its I-80 frontage, ensuring high traffic exposure for any business. The asking price is $1,540,000. A significant advantage is the planned private paved entrance on Cherry Hill Rd, providing convenient and secure access. The site is 100% buildable and suitable for truck businesses. Off-site detention is provided, simplifying development. Utilities are readily available, with gas and electric services nearby. The property requires a well and septic system, typical for this unincorporated area. This location offers a strategic blend of accessibility and visibility, making it ideal for a variety of industrial uses. The expansive lot size provides ample space for development and future expansion. Don't miss this chance to acquire a highly desirable industrial property in a thriving location. Contact us today to learn more about this exceptional opportunity.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Joliet
    County
    Will
    State
    Illinois
    Longitude
    -88.024
    Latitude
    41.5256

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    3 Cherry Hill Rd
    Joliet, IL 60433
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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