Technical
Financial
Distress signals
Property profile

88th St - Mokena, IL 60448

OFF-MARKET
Land
2.34 ac lot
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Property summary

AI-generated overview

This exceptional 2.34-acre commercial land parcel, located at 88th Ave. & 187th Street - Lot 4 in Mokena, Illinois (zip code 60448), presents a compelling investment opportunity. Priced at $713,818, or $6.50 per square foot, this property boasts an ideal location within Will County and is zoned for industrial use. The site is fully improved, offering readily available infrastructure including water, sewer, electric, and natural gas services, along with 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. Sales tax incentives are also available, adding further value to this attractive proposition. The property is part of a larger development offering sites ranging from 2.3 to 17.3 acres, available for sale or build-to-suit. This particular lot could be combined with an adjacent lot (Lot 3) to create a larger 6.709-acre parcel. This prime location in Mokena offers excellent access to transportation networks and a thriving business community. This is an exceptional opportunity for businesses seeking a ready-to-develop industrial site in a desirable location.

Property profile

Verified
Property type Land
Lot 2.34 ac (101,930 SF)

Cap rate & NOI

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

Location

88th St - Mokena, IL 60448
Mokena 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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