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    4 Lincoln-Way Dr Elwood, IL 60421

    • Land
    • 2.79 lot acres
    For Sale
    View listing
    $175,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 4 Lincoln-Way Dr

    Lot size
    2.79 lot acres
    Property type
    Land

    Description

    This 2.79-acre commercial lot, located at Lot 4 Lincoln-Way Drive in Elwood, Illinois (zip code 60421), is priced to sell at $175,000. Situated in the heart of Elwood's new commercial district on Mississippi Street, this property boasts exceptional visibility, being directly across from a strip mall and the Silver Dollar Restaurant, and adjacent to the Village Hall. The lot benefits from existing infrastructure, including curbs and a street cut-in, minimizing development costs. Daily traffic counts on Route 53 reach 5900 vehicles, ensuring high exposure for any business established here. The property is zoned COMMR, allowing for a variety of commercial uses

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elwood
    County
    Will
    State
    Illinois
    Longitude
    -88.104
    Latitude
    41.4068

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    4 Lincoln-Way Dr
    Elwood, IL 60421
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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