Property profile

6989 Joliet Rd Indian Head Park, IL 60525

OFF-MARKET
Land
1.51 ac lot
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Property summary

AI-generated overview

This exceptional 1.51-acre commercial and industrial land parcel presents a unique development opportunity in Indian Head Park, Illinois. Located at 6989 Joliet Road, this hard-corner property boasts unparalleled visibility due to its strategic position at the intersection of Joliet Road and I-294. The B3 zoning allows for a variety of commercial and industrial uses. With daily traffic counts of 17,900 vehicles on Joliet Road and 146,100 on I-294, this site offers unmatched exposure for businesses seeking high brand visibility. Its proximity to I-55 access ramps further enhances its strategic location. The property's size and location make it ideal for a wide range of development projects, from retail establishments to industrial facilities. This is a rare opportunity to acquire a prime development site on a thriving business corridor in Cook County, Illinois, with an asking price of $1,050,000. The property's location directly borders I-294, placing it within feet of a massive daily traffic flow. With sufficient building height, visibility to I-55 traffic is also achievable. This presents a significant advantage for businesses seeking maximum brand exposure. This is a first-time offering of this highly desirable property.

Property profile

Verified
Property type Land
Lot 1.51 ac (65,776 SF)

Cap rate & NOI

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

Location

6989 Joliet Rd Indian Head Park, IL 60525
Indian Head Park metro
Google Maps

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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