2 Cherry Hill Rd, Joliet, IL 60433
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.