900 Cottage St, Shorewood, IL 60404
This exceptional 7.25-acre property presents a unique commercial development opportunity in Shorewood, Illinois. Strategically located along I-55 and Route 59, this site boasts significant traffic volume, with I-55 seeing 68,200 vehicles and 13,800 trucks daily, and Route 59 experiencing 1,275 trucks daily. The property is divided into two distinct parcels. A 4.12-acre parcel is zoned ORI, encompassing a +/- 10,500 square foot building. Permitted uses under the ORI zoning include warehouses, commercial kitchens, and laboratories. A separate 3.13-acre parcel is zoned B-2 and includes two existing single-family homes. The property offers tremendous potential for a variety of commercial ventures, including retail, restaurants, dealerships, or even a hotel. Importantly, industrial, truck storage, or similar uses are not permitted. This location benefits from its inclusion in a Tax Increment Financing (TIF) district with approximately 18 years remaining. Water and sewer services are readily available on-site. This is a rare chance to acquire a substantial commercial land parcel in a high-traffic area with excellent zoning and infrastructure. Don't miss this opportunity to capitalize on the significant development potential of this prime location.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.