Technical
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Property profile

0 216Th Ave Wilmington, IL 60481

OFF-MARKET
Land
25.28 ac lot
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Property summary

AI-generated overview

This exceptional 25.28-acre agricultural property presents a unique investment opportunity in Wilmington, Illinois. Located on S 216th Ave in Will County, this parcel boasts convenient access to Route 53, placing it in close proximity to numerous trucking-related businesses. The property's strategic location makes it highly suitable for development into a truck terminal, trailer storage facility, or similar venture. Its high visibility from Route 53 ensures significant exposure for any future business. The property's existing infrastructure includes sewer access on the site, with city water readily available across the street, simplifying the development process. The parcel is identified by APN 0918303000380000 and is offered at an asking price of $1,265,000. This is an excellent chance to acquire a strategically positioned land parcel with significant potential for commercial development within a thriving business environment. The property's size and location combine to offer a rare opportunity for investors seeking a high-return venture in a rapidly growing area. Don't miss this chance to secure this prime piece of real estate.

Property profile

Verified
Property type Land
Lot 25.28 ac (1,101,197 SF)

Cap rate & NOI

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

Location

216Th Ave Wilmington, IL 60481
Wilmington 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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