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    OFF-MARKET
    Land

    2 Cherry Hill Rd, Joliet, IL 60433

    2 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2-acre industrial lot in Joliet, Illinois, presents a prime development opportunity. Located in unincorporated Will County, this I-2 zoned property boasts direct frontage on I-80, offering unparalleled visibility and accessibility. The lot is situated approximately 1.5 miles from the I-80 interchange at Briggs Street and minutes from the full I-80/I-355 interchange, ensuring seamless connectivity to major transportation arteries. A private, paved entrance on Cherry Hill Road will be provided, enhancing convenience and operational efficiency. Off-site detention is included, simplifying the development process. The property is 100% buildable, allowing for immediate construction. Ideal for businesses requiring laydown yard and outdoor storage capabilities, this lot combines strategic location with development-ready infrastructure. The asking price is $478,000. All lots require the construction of a building and on-site parking must be on asphalt.

    Property profile
    Verified
    Property type Land
    Lot 2 ac (87,120 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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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