1400 Smith Rd Lemont, IL 60441
- Land
- 177,724 SF
- 4.08 lot acres
Current Use by Public Records
- Land
Property Details for 1400 Smith Rd
- Lot size
- 4.08 lot acres
- Property size
- 177,724 SF
- Property type
- Land
Description
This exceptional 4.08-acre parcel, located at 1400 Smith Road in Lemont, Illinois (zip code 60441), presents a unique land banking opportunity. Situated on a 609' x 239' hard corner lot directly across from the Big Run Golf Course and north of a planned 500+ unit residential development, this property offers unparalleled potential. The site boasts a flat, clean parcel with minimal holding costs, reflected in annual property taxes under $100. Currently zoned AG, this land is ideally positioned for future development, benefiting from its proximity to major transportation arteries. The property's location provides convenient access to the I-355 (Archer) Interchange, Downtown Lemont, and Lockport. A Nicor easement runs along 135th Street. The property is currently unincorporated Lockport in DuPage Township. The asking price is $525,000, translating to $2.95 per square foot for the 177,724 square foot lot. This fee simple ownership offers significant upside potential given the anticipated growth in the surrounding area. The property's strategic location and low holding costs make it an attractive investment for long-term growth.
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
- Lemont
- County
- Cook/DuPage/Will
- State
- Illinois
- Longitude
- -88.0277
- Latitude
- 41.6415
