Property profile

0 Mall Loop Dr Joliet, IL 60431

OFF-MARKET
Land
4.54 ac lot
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Property summary

AI-generated overview

This exceptional 4.54-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Joliet, Illinois. Strategically located on Mall Loop Drive, this property enjoys unparalleled visibility and accessibility, situated directly adjacent to the popular Westfield Louis-Joliet Mall. The high-traffic location makes it ideal for a variety of commercial ventures, particularly restaurants and retail establishments seeking a prime location with significant foot traffic and brand exposure. The property is zoned for commercial use, simplifying the development process and offering flexibility for potential buyers. The land is offered at a competitive price point of $7.00 to $9.00 per square foot, representing a strong value proposition in this desirable market. With its convenient location, ample space, and favorable zoning, this property is poised for immediate development and promises significant returns on investment. The property's address is Mall Loop Dr, Joliet, IL 60431, situated within Kendall/Will County. This is a rare opportunity to acquire a substantial commercial land parcel in a high-demand area with exceptional potential for growth and profitability. The property's size and location make it suitable for a variety of commercial developments, offering significant flexibility for potential buyers. Don't miss this chance to secure a prime piece of real estate in a thriving commercial corridor.

Property profile

Verified
Property type Land
Lot 4.54 ac (197,762 SF)

Cap rate & NOI

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

Location

Mall Loop Dr Joliet, IL 60431
Joliet 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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