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    Property profile & analytics

    21561 Mississippi Ave Elwood, IL 60421-8002

    • Industrial properties
    • 20.34 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Apr 18, 2024
    $44,000,000
    Location Intelligence
    Property ID
    US28-3218517
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 21561 Mississippi Ave

    Lot size
    20.34 lot acres
    Property type
    Industrial properties
    APN
    10-11-30-101-005
    APU
    101130101005

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elwood
    County
    Will
    State
    Illinois
    Longitude
    -88.1349
    Latitude
    41.4024
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $547,482
    $295,340
    $8,321,260
    $8,616,600
    -
    $886,020
    $24,963,780
    $25,849,800

    Comparable in this City

    • Value Estimation by Request
      24.33 Acres

      21157 Walter Strawn Dr

      INDUSTRIAL (GENERAL) • 24.33 Acres
      21157 Walter Strawn Dr, Elwood, IL 60421-8007
      View Details
    • Value Estimation by Request
      95.86 Acres

      26547 Walton Dr

      INDUSTRIAL (GENERAL) • 95.86 Acres
      26547 Walton Dr, Elwood, IL 60421
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    • Value Estimation by Request
      19.30 Acres

      21041 Schweitzer Rd

      INDUSTRIAL (GENERAL) • 19.30 Acres
      21041 Schweitzer Rd, Elwood, IL 60421
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    • Value Estimation by Request
      4.65 Acres

      19554 Sharp Rd

      INDUSTRIAL (GENERAL) • 4.65 Acres
      19554 Sharp Rd, Elwood, IL 60421-9661
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    • Value Estimation by Request
      64.27 Acres

      4300 Brandon Rd

      INDUSTRIAL (GENERAL) • 64.27 Acres
      4300 Brandon Rd, Elwood, IL 60421-9639
      View Details
    • Value Estimation by Request
      6.38 Acres

      Noel Rd

      INDUSTRIAL (GENERAL) • 6.38 Acres
      Noel Rd, Elwood, IL 60421
      View Details

    Similar Nearby for Sale

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      0.85 acre commercial land available in Elwood, Illinois.
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    • $765,000
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      Elwood Retail Investment Opportunity

      Prime location, versatile space, high ROI potential.
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    • $60,000
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      Residential Land in Meadowbrook, Elwood

      Two lots to create a wooded retreat with utilities on site.
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    • $3,500,000

      Will County Land For Sale

      39.29 acres of A-1 zoned land in Illinois.
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    Similar Nearby for Lease

    • Contact for pricing
      383,494 SF

      Elwood Warehouse Space Available

      799,294 SF warehouse space available for lease in Elwood, IL.
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      View Details
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      826,755 SF

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      Modern Warehouse & Office Suites Available
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      148,815 SF

      Elwood Warehouse with Intermodal Access

      148,815 SF warehouse near UP Joliet Intermodal.
      1601 W Schweitzer Rd, Elwood, IL 60421
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    • Contact for pricing
      16,000 SF

      Joliet Warehouse Space Available

      16,000 sq ft warehouse space for lease in Joliet.
      2800 Schweitzer Rd, Joliet, IL 60421
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    • Contact for pricing

      Industrial Land with Rail Access

      47.14 acres of industrial land with BNSF rail access.
      21165 W Walter Strawn Dr, Elwood, IL 60421
      View Details
    • Contact for pricing

      Elwood Industrial Land for Lease

      14.5 acre industrial land with security features for lease.
      21100 W Noel Rd, Elwood, IL 60421
      View Details
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    21561 Mississippi Ave
    Elwood, IL 60421-8002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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