1350 Briggs St Joliet, IL 60433
- Commercial real estate
- 26.55 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1350 Briggs St
- Lot size
- 26.55 lot acres
- Property type
- Commercial real estate
- APN
- 30-07-24-300-035
- APU
- 300724300035
Description
This exceptional 26.55-acre commercial land parcel presents a compelling redevelopment opportunity in Joliet, Illinois. Located at 1350 S Briggs St, this property is zoned R-B (Restricted Business) and benefits from low Will County taxes. Its strategic location offers unparalleled access to major transportation arteries, being less than one mile from the full I-80 interchange at Briggs Street. The site boasts existing utilities and features a substantial former YMCA building of 29,635 square feet, presenting potential for adaptive reuse or demolition. The property's size and zoning create significant potential for various commercial ventures, making it an attractive investment for developers seeking a prime location with redevelopment or rezoning possibilities. The asking price is subject to offer. The property's address is 1350 S Briggs St, Joliet, IL 60433.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,375,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,215,000
- 6.5%
- $3,400,000
- 7%
- $3,225,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,390,000
- Geo Method
- $3,720,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,820,000
- Retail
- $3,855,000
- Mixed-Use
- $3,690,000
- Hospitality
- $2,970,000
- Educational
- $3,480,000
- Residential Income
- $3,710,000
- Energy
- $3,065,000
- Income-Based Land
- $3,540,000
- Food Service
- $2,915,000
Location Insight
- Map
- Local Demand
- City
- Joliet
- County
- Will
- State
- Illinois
- Longitude
- -88.0396
- Latitude
- 41.4993
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
