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