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    OFF-MARKET
    Industrial land

    1209 Manhattan Rd, Joliet, IL 60433

    3.86 ac lot
    Entity Owned 3-yr Hold Absentee Owner Free & Clear
    Property ID
    US28-4771407
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Riverfront Plaza LLC · 3 yrs held
    Riverfront Plaza LLC
    since 2022
    2 recorded transactions
    2022
    2022
    $155,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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