22023 Hollywood Rd Joliet, IL 60436
- Land
- 0.73 lot acres
Current Use by Public Records
- Land
Property Details for 22023 Hollywood Rd
- Lot size
- 0.73 lot acres
- Property type
- Land
Description
This exceptional 0.73-acre commercial land parcel presents a unique investment opportunity in Joliet, Illinois. Located at 22023 Hollywood Road, this property boasts a highly visible corner location at the intersection of Route 6 and Hollywood Road, offering excellent exposure for any commercial venture. The lot measures approximately 200 feet by 180 feet and is zoned R-2 in Will County, with the potential for rezoning within the City of Joliet. Utilities are readily available, with gas and electric already on-site, and city water and sewer conveniently located across the street. The property benefits from its proximity to major transportation arteries, including the I-80 and Hollywood/Houbolt Road interchange (3/4 mile) and the I-55 and Route 6 interchange (2.5 miles). Significant infrastructure improvements are underway, including the rebuilding of the Hollywood/Houbolt interchange at I-80 and the widening of Hollywood Road between US 6 and I-80. A new bridge spanning the Des Plaines River and the Houbolt Road extension further enhance connectivity to the Joliet Intermodal Terminal (JIT) Global IV, a substantial state-of-the-art facility. The asking price is $495,000, reflecting a land value of $14.39 per square foot. The property's value lies primarily in its strategic location and development potential. The parcel number is 0506264000110000. Please note there is no signage on the property, and tenants should not be disturbed.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Joliet
- County
- Will
- State
- Illinois
- Longitude
- -88.1586
- Latitude
- 41.483
