15202 159Th St Lockport, IL 60491
This exceptional 40-acre parcel, located at 15202 W 159th St in Homer Glen, Illinois (zip code 60491), presents a unique investment opportunity. Situated in Will County, this high-profile property boasts 652 feet of frontage and enjoys convenient access to I-355, ensuring excellent visibility and accessibility. Currently zoned for agriculture and residential use, the land offers significant potential for commercial development. Public water and sewer services are available via an annexation agreement with the Village of Homer Glen. This property is part of a larger vision for commercial growth in the area, making it an attractive prospect for developers. A proposed turn lane off 159th Street further enhances its accessibility. An adjacent 20-acre parcel zoned residential is also available for purchase, offering expansion possibilities. The asking price for this strategically located 40-acre tract is $2,509,000. The property's latitude and longitude coordinates are 41.602351 and -87.989339 respectively. This is a rare opportunity to acquire a significant land holding in a rapidly developing area.
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
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.