0 Weber And Renwick Rd Lockport, IL 60403
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.
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
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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.