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Property profile & analytics
OFF-MARKET
Land

0 Nec Renwick And Weber Rd Lockport, IL 60403

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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