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    OFF-MARKET
    Land

    0 Swc Rt 59 & Black Rd, Shorewood, IL 60404

    7 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 7-acre commercial land parcel presents a remarkable investment opportunity in Joliet, Illinois. Located at the southwest corner of Route 59 and Black Road, this fully improved pad site boasts a pre-existing parking lot and convenient access drives. The property's strategic location at a signalized intersection ensures easy ingress and egress, maximizing visibility and accessibility for potential businesses. Zoned B3 PUD, this site allows for the construction of up to approximately 100,000 square feet of commercial development. The property benefits from its adjacency to a newly constructed Aldi store and a strong retail environment, including nearby Home Depot, McDonald's, Mattress Firm, Firestone, and O'Reilly Auto Parts. This prime location offers significant potential for a variety of commercial uses, making it an ideal investment for developers seeking high-traffic exposure and a thriving retail context. The asking price is $1,800,000. The property is situated in Will County, Illinois, with a Joliet address and 60404 zip code. This is a rare opportunity to acquire a large, well-located commercial parcel ready for immediate development.

    Property profile
    Verified
    Property type Land
    Lot 7 ac (304,920 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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