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    Of Theodore Crest Hill, IL 60403

    • Land
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Of Theodore

    Property type
    Land

    Description

    This exceptional 20-acre parcel in Crest Hill, Illinois, presents a unique investment opportunity. Currently zoned R-1, the land was originally platted for single-family homes, offering potential for residential development. Located north of Theodore and east of Heiden, with a 60403 zip code, the property's strategic location provides convenient access to local amenities and infrastructure. While the site is situated within a floodplain and floodway, this presents a challenge for creative developers seeking a unique project. The asking price is $825,000. The property's proximity to existing single-family homes and apartments suggests potential for various development plans, subject to necessary approvals and compliance with local regulations. Detailed site analysis and feasibility studies are recommended to fully assess the development potential and address the floodplain/floodway constraints. This presents a chance to acquire a substantial land holding in a growing area, requiring a developer with vision and experience in navigating environmental considerations. Serious inquiries only.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Crest Hill
    County
    Will
    State
    Illinois
    Longitude
    -88.1156
    Latitude
    41.5531

    Comparable in this City

    • Value Estimation by Request
      8.83 Acres

      Weber And Renwick Rd

      Land • 8.83 Acres
      0 Weber And Renwick Rd, Lockport, IL 60403
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    • Value Estimation by Request

      Division St

      Land
      0 Division St, Crest Hill, IL 60403
      View Details
    • Value Estimation by Request
      11.75 Acres

      Neq Of Weber Rd & Caton Farm Rd

      Land • 11.75 Acres
      0 Neq Of Weber Rd & Caton Farm Rd, Crest Hill, IL 60403
      View Details
    • Value Estimation by Request
      5.60 Acres

      1610 Plainfield Rd

      Land • 5.60 Acres
      1610 Plainfield Rd, Crest Hill, IL 60403
      View Details
    • Value Estimation by Request

      Nec Renwick And Weber Rd

      Land
      0 Nec Renwick And Weber Rd, Lockport, IL 60403
      View Details
    • Value Estimation by Request
      0.17 Acres

      1726 Broadway St

      VACANT COMMERCIAL LAND • 0.17 Acres
      1726 Broadway St, Crest Hill, IL 60403-2504
      View Details

    Similar Nearby for Sale

    • $695,000

      Prime Crest Hill Commercial Land

      1.4-acre corner lot, ideal for business.
      0 Division St, Crest Hill, IL 60403
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    • Contact for pricing
      11.75 Acres

      Crest Hill Commercial Land Opportunity

      11.7 Acres, Prime Business Location
      0 Neq Of Weber Rd & Caton Farm Rd, Crest Hill, IL 60403
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    • $250,000
      1.30 Acres

      Crest Hill Commercial Land - $250K

      1.3-Acre Commercial Lot, Prime Location
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    • $1,200,000

      Prime Romeoville Commercial Land

      High-traffic corner lot, ideal for development.
      0 Nec Renwick And Weber Rd, Lockport, IL 60403
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    • $1,100,000
      8.83 Acres

      Crest Hill Commercial Land - 8.83 Acres

      Prime 8.83-acre commercial lot, ideal for development.
      0 Weber And Renwick Rd, Lockport, IL 60403
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    • Contact for pricing
      5.60 Acres

      Crest Hill Commercial Land Opportunity

      5.6 Acres, Prime Redevelopment Site
      1610 Plainfield Rd, Crest Hill, IL 60403
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      3,400 SF

      Crest Hill Retail Space Available

      3,400 sq ft Restaurant/Retail Space
      2357 Plainfield Rd, Crest Hill, IL 60403
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    • Contact for pricing
      13,068 SF

      Crest Hill Commercial Space

      Spacious, heated/cooled flex space with new upgrades in Crest Hill.
      103 Elsie Ave, Crest Hill, IL 60403
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    • $16 SF/Yr
      8,050 SF

      Caton Crest Commons Retail Space

      Crest Hill Retail Strip Center - 8,050 SF Available
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    • $8 SF/Yr
      22,000 SF

      Crest Hill Lanes Bowling Alley

      Turn-key bowling alley, restaurant, bar
      905 Theodore St, Crest Hill, IL 60403
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    • Contact for pricing
      1,320 SF

      Retail Space in Busy Center

      Retail suites available in a high-traffic Crest Hill center.
      20631-20653 Renwick Rd, Crest Hill, IL 60403
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    • Contact for pricing
      4,823 SF

      Retail Building on Weber Road

      Single-story retail building with drive-thru and ample parking.
      16051 Weber Rd, Crest Hill, IL 60403
      View Details
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    Of Theodore
    Crest Hill, IL 60403
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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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