0 Cor Of Mcdonough & Msn Blvd, Joliet, IL 60431
This exceptional 34-acre development site presents a unique investment opportunity in the thriving Joliet, Illinois market. Located at the northwest corner of McDonough and Mission Boulevard, this property boasts convenient access and visibility. Currently zoned Agriculture Unincorporated Will County, it offers the potential for annexation into the city of Joliet, opening doors to tax abatements and potential city/county incentive packages. The site's prime location is less than a mile from Joliet Junior College (15,000 students) and near major employers including Amazon, IKEA, Target, and AMITA Health St. Joseph Medical Center. Its proximity to Joliet Airport, Innwood Golf Course, and an ice arena further enhances its appeal. The fully improved land is suitable for a variety of uses, including single-family homes, self-storage facilities, gas stations, car washes, mixed-use commercial developments, and medical or single-story office buildings. With Joliet's population exceeding 148,000 and its position as the fourth-largest city in Illinois, this property offers significant growth potential and a strong return on investment. The parcel number is 05-06-14-400-007. Asking price is $6,000,000.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.