88th St - Mokena, IL 60448
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.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.