1209 Manhattan Rd, Joliet, IL 60433
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.