Property profile

1209 Manhattan Rd Joliet, IL 60433

OFF-MARKET
Industrial land
Property ID
US28-4771407
3.86 ac lot
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 3.37-acre commercial land parcel presents a unique investment opportunity in Will County, Illinois. Strategically located on US Route 52, this property boasts highly desirable I-2 zoning, opening doors to a wide range of commercial ventures. Its unincorporated location offers flexibility and potential cost advantages. The site benefits from convenient access to major transportation arteries, including direct frontage on US Route 52 and immediate proximity to the Joliet and Elwood intermodal facilities. Furthermore, the property enjoys direct access to full interchanges at Briggs/I-80 and Route 53/I-80, ensuring seamless connectivity for logistics and transportation-related businesses. Given the limited availability of comparable properties in the market, this 3.37-acre parcel represents a rare chance to acquire a strategically positioned commercial land holding with significant development potential. The property's address is 1209 Manhattan Road, Joliet, IL 60433. This prime location offers excellent visibility and accessibility, making it an ideal site for a variety of commercial uses. The asking price is $900,000.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 3.86 ac (168,142 SF)
APN 30-07-26-201-016
UPID US28-4771407

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1209 Manhattan Rd Joliet, IL 60433
Joliet metro Census 883100 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2022
2 recorded transactions
2022
Price N/A
2022
$155,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1209 Manhattan Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message