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    Land

    Shorewood Swc Rte 59 & Black Rd, Shorewood, IL 60404

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    Property summary
    AI-generated overview

    This exceptional ±6-acre commercial land parcel presents a unique investment opportunity in Shorewood, Illinois. Located at the highly visible and easily accessible signalized intersection of Route 59 and Black Road, this fully improved pad site boasts a pre-existing parking lot and convenient access drives. Priced at $1,400,000, the property is zoned B3 PUD, allowing for the construction of up to approximately 100,000 square feet of commercial space. Its strategic location offers unparalleled visibility and convenient access for potential businesses. The site benefits from its adjacency to a newly constructed Aldi store and a strong concentration of established national retailers, including Home Depot, McDonald's, Mattress Firm, Firestone, and O'Reilly Auto Parts. This prime location ensures high traffic volume and excellent exposure, making it an ideal site for a variety of commercial developments. The property's infrastructure is already in place, minimizing development costs and expediting the construction process. This is a rare opportunity to acquire a ready-to-develop commercial site in a thriving retail corridor. The property is situated in Will County, Illinois, with a 60404 zip code. The precise coordinates are 41.5361433 latitude and -88.1991407 longitude.

    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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