Current Use by Public Records
- Land
Property Details for 88th St -
- Lot size
- 4.37 lot acres
- Property type
- Land
Description
This exceptional 4.37-acre commercial lot, located at 88th Ave. & 187th Street - Lot 3 in Mokena, Illinois (zip code 60448), presents a unique investment opportunity. Priced at $1,284,323, this property boasts a land value of $6.50 per square foot. Situated in Will County, the land is zoned for industrial use, benefiting from low real estate taxes. The site is improved with readily available infrastructure, including water, sewer, electric, natural gas, and off-site detention. This location offers access to a skilled labor pool and is further enhanced by a sales tax incentive program. The property is part of a larger development offering sites ranging from 2.3 to 17.3 acres, available for sale or build-to-suit options. This particular 4.37-acre lot can be combined with an adjacent lot (Lot 4) to create a larger 6.709-acre parcel, also available for purchase at the same price per square foot. This prime location and comprehensive infrastructure make this an attractive proposition for businesses seeking a strategic foothold in the thriving Mokena market. The coordinates for this property are 41.5505624 latitude and -87.8315116 longitude.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mokena
- County
- Will
- State
- Illinois
- Longitude
- -87.8315
- Latitude
- 41.5506
