Property profile

0 Of Black Rd Joliet, IL 60431

OFF-MARKET
Land
0.9 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 0.9-acre commercial lot presents a unique investment opportunity in Joliet, Illinois. Located north of the intersection of Essington Road and Black Road, this fully improved site boasts excellent visibility and accessibility, situated just east of I-55. The property features frontage on Essington Road, benefiting from high traffic counts of 16,800 vehicles per day (VPD) along Essington Road and 24,100 VPD along Black Road, ensuring significant exposure for any future development. The lot is zoned R-B (Restricted Business Districts), offering a range of potential uses. Its strategic location provides convenient access to major transportation arteries and is adjacent to an Old Second National Bank branch, further enhancing its appeal. The property's proximity to medical facilities adds to its overall desirability. This is a rare opportunity to acquire a well-situated, fully improved commercial lot in a thriving area of Joliet. The parcel's APN is 050601310015. The asking price for this exceptional property is $400,000. Don't miss this chance to secure a prime piece of Joliet real estate.

Property profile

Verified
Property type Land
Lot 0.9 ac (39,204 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Of Black Rd Joliet, IL 60431
Joliet metro
Google Maps

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

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Of Black Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message