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Property profile & analytics
OFF-MARKET
Land

0 Weber And Renwick Rd Lockport, IL 60403

8.83 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 8.83-acre commercial land parcel is strategically located at the busy intersection of Weber and Renwick Road in Crest Hill, Illinois (zip code 60403). The property, identified by APN 11-04-20-105-065-0000, is zoned B-3, offering a wide range of development possibilities. Its prime location boasts high visibility and accessibility, situated within a thriving community. The site is well-positioned to benefit from significant population density, with approximately 157,000 people residing within a three-mile radius. The area is experiencing growth, with new residential developments underway, further enhancing the property's long-term value. A significant portion of the land, approximately one acre, fronts Weber Road, providing excellent frontage for commercial development. Established retailers such as Walmart, Blaine's Farm and Fleet, and the Louis Joliet Mall are located nearby, indicating a strong retail presence and consumer base. This presents a unique opportunity for investors and developers seeking a substantial land parcel in a rapidly developing area. The asking price for this exceptional property is $1,100,000. Don't miss this chance to acquire a highly desirable commercial land asset in a prime location.

Property profile
Verified
Property type Land
Lot 8.83 ac (384,635 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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