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Property profile

1400 Smith Rd Lemont, IL 60441

OFF-MARKET
Land
177,724 SF 4.08 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Total area 177,724 SF
Lot 4.08 ac (177,725 SF)

Cap rate & NOI

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

Location

1400 Smith Rd Lemont, IL 60441
Lemont metro
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Value estimations

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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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