Property profile

2 Cherry Hill Rd Joliet, IL 60433

OFF-MARKET
Land
2 ac lot
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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

Location

2 Cherry Hill Rd Joliet, IL 60433
Joliet metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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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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