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    OFF-MARKET
    Land

    3 Town Ctr Dr, Elwood, IL 60421

    2.43 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.43-acre commercial lot (105,818 square feet, APN 1011292020010000) is strategically located at Lot 3 Town Center Drive, Elwood, IL 60421, in the heart of Elwood's burgeoning commercial district on Mississippi Street, just off Route 53. Boasting a high-traffic location with 5,900 vehicles daily on Route 53, this property offers unparalleled visibility and accessibility. Its prime position across from a strip mall anchored by the Silver Dollar Restaurant and other businesses ensures significant foot and vehicle traffic. The lot's proximity to the Village of Elwood City Hall and the Abraham Lincoln National Cemetery further enhances its appeal. This ready-to-build site features high-visibility curbs and a completed street cut, with utilities conveniently located nearby. The asking price is $175,000. A survey and backup package are available upon request. Additional adjacent lots are also available for purchase, allowing for expansion opportunities. This is an ideal location for businesses seeking high visibility and convenient access in a thriving area with significant industrial and warehousing activity in the surrounding Elwood/Joliet region. The lot is zoned COMMR.

    Property profile
    Verified
    Property type Land
    Lot 2.43 ac (105,851 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
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    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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