30 & I-55 Nwc Rte Joliet, IL 60586
- Retail properties
- 500,000 SF
- 172.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 30 & I-55 Nwc Rte
- Lot size
- 172.00 lot acres
- Property size
- 500,000 SF
- Property type
- Retail properties
- Property subtype
- Land
Description
This exceptional 172-acre commercial land parcel presents a unique investment opportunity in the thriving Plainfield/Joliet, Illinois market. Strategically located at the northwest quadrant of the I-55 and US Route 30 interchange, this property offers unparalleled access and visibility. The site is planned for a mixed-use development exceeding 500,000 square feet of retail, restaurant, and entertainment space, anchored by a significant 150,000 square foot Costco. This development, known as Boulevard Place, envisions a vibrant, pedestrian-friendly environment with landscaped areas and amenities designed to encourage lingering and relaxation. The asking price is $350,000, translating to $0.70 per square foot. The area boasts strong demographics, including a high homeownership rate (84%), a significant number of young families (average household size 3.25), and a median home value of $350,000. While the area experiences longer commutes (average over 30 minutes), this is offset by the high demand for new housing (66% of homes built since 2000) and a low housing vacancy rate of 3.7%. This prime location and planned development make this a compelling investment for those seeking high-growth potential in a dynamic suburban market. The property's size and strategic location offer significant long-term value and development possibilities.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Joliet
- County
- Cleveland
- State
- Illinois
- Longitude
- -88.1668
- Latitude
- 41.5832
