0 Nec Renwick And Weber Rd Lockport, IL 60403
This exceptional 1.2 million dollar commercial land parcel sits at the northeast corner of Renwick and Weber Roads in Romeoville, Illinois (zip code 60403). Its prime location offers unparalleled visibility and accessibility due to its placement at a stoplight intersection. Recent multimillion-dollar road improvements have significantly enhanced traffic flow, creating a nine-lane intersection (east/west and north/south). The property benefits from its proximity to a newly completed luxury apartment complex, ensuring a growing residential population nearby. Furthermore, its location near highly acclaimed Mistwood Golf Club (winner of Golf Magazine's "Best US Renovation You Can Play" award) adds to its desirability. The area boasts a strong employment base, with major employers such as Kimberly Clark, FedEx Ground, Ashley Furniture (regional hub), Samsung, McDonald's Innovation Center, and Amazon all within close proximity. Educational institutions are also conveniently located, including Lewis University (2.1 miles), Lewis Airport (1.5 miles), Joliet Junior College (2.96 miles), and Rasmussen College (4 miles). This strategic location presents a unique opportunity for developers seeking high-visibility commercial development in a thriving community. The property's high traffic count and proximity to residential areas, major employers, and recreational amenities make it an exceptional investment opportunity.
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
Physical attributes from public recordsZoning & alternative use
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.