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Property profile

0 Swc Rt 59 & Black Rd Shorewood, IL 60404

OFF-MARKET
Land
7 ac lot
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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

Location

Swc Rt 59 & Black Rd Shorewood, IL 60404
Shorewood 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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