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    OFF-MARKET
    Commercial real estate

    830 Manhattan Rd, Joliet, IL 60433

    16 ac lot
    Property ID
    US28-3095645
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 16 ac (696,960 SF)
    UPID US28-3095645
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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