88th St - Mokena, IL 60448
This exceptional 10.04-acre commercial land parcel, located at 88th Ave. & 187th Street - Lot 1 in Mokena, Will County, Illinois (zip code 60448), presents a unique investment opportunity. Priced at $2,515,470 ($5.50/sq ft), this property boasts a highly desirable industrial zoning. The site is fully improved, offering readily available infrastructure including water, sewer, electric, natural gas, and off-site detention. This significantly reduces development time and costs. Benefit from low Will County real estate taxes and access to a skilled labor pool. This location offers excellent accessibility and is strategically positioned within a thriving commercial corridor. The property is also conveniently located near major transportation routes, ensuring efficient logistics. The site could potentially be combined with an adjacent lot (Lot 2) to create a larger 17.319-acre development. This presents a compelling opportunity for businesses seeking a ready-to-develop site with significant potential for growth and expansion. Sales tax incentives are also available, adding further value to this exceptional offering. Don't miss this chance to secure a prime industrial land parcel in a rapidly developing area.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.