830 Manhattan Rd, Joliet, IL 60433
This exceptional 16-acre industrial land parcel in Joliet, Illinois, presents a unique investment opportunity. Located at 830 Manhattan Road, this property boasts a desirable A zoning designation, making it suitable for a variety of industrial uses. The land, while encompassing 16 acres, has approximately 8 acres usable for development. Situated in unincorporated Will County, this location offers significant advantages, including proximity to major transportation arteries. It's just one mile from Interstate 80 and one mile from Centerpoint Properties, providing easy access to regional and national distribution networks. The strategic location also places the property near established distribution centers for major companies such as Amazon and Ikea, further enhancing its appeal. The asking price is $950,000, translating to a land value of $59,375 per acre. This property is situated on Route 52, a state highway, ensuring excellent visibility and accessibility. Given its size, location, and zoning, this parcel represents a compelling investment opportunity for developers and businesses seeking a strategic foothold in a thriving industrial corridor. The property's proximity to major transportation routes and established businesses makes it an ideal location for warehousing, logistics, or light manufacturing. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.