Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    Heritage Dr Elwood, IL 60421

    • Commercial land
    • 1.45 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jun 22, 2022
    $325,000
    Location Intelligence
    Property ID
    US28-3979118
    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

    • Commercial land

    Property Details for Heritage Dr

    Lot size
    1.45 lot acres
    Property type
    Commercial land
    APN
    10-11-29-206-005
    APU
    101129206005

    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
    -88.0989
    Latitude
    41.4075
    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
    $10
    $150
    $0.00
    $150
    -
    $450
    $0.00
    $450

    Comparable in this City

    • Value Estimation by Request
      2.35 Acres

      Lincoln-way Dr

      VACANT COMMERCIAL LAND • 2.35 Acres
      Lincoln-way Dr, Elwood, IL 60421
      View Details
    • Value Estimation by Request
      1.54 Acres

      Town Ctr Dr

      VACANT COMMERCIAL LAND • 1.54 Acres
      Town Ctr Dr, Elwood, IL 60421
      View Details
    • Value Estimation by Request
      0.08 Acres

      Mississippi Ave

      VACANT COMMERCIAL LAND • 0.08 Acres
      Mississippi Ave, Elwood, IL 60421
      View Details
    • Value Estimation by Request
      0.14 Acres

      Mississippi Ave

      VACANT COMMERCIAL LAND • 0.14 Acres
      Mississippi Ave, Elwood, IL 60421
      View Details
    • Value Estimation by Request
      15.00 Acres

      Sweitzer Rd

      VACANT COMMERCIAL LAND • 15.00 Acres
      Sweitzer Rd, Joliet, IL 60421
      View Details
    • Value Estimation by Request
      1.45 Acres

      Heritage Dr

      VACANT COMMERCIAL LAND • 1.45 Acres
      Heritage Dr, Elwood, IL 60421
      View Details

    Similar Nearby for Sale

    • $6,585,000
      35.00 Acres

      35 Acre Parcel in Elwood

      35-acre parcel in the Intermodal Port area of Elwood, IL.
      21241 W Schweitzer Rd, Elwood, IL 60421
      View Details
    • $3,500,000

      Will County Land For Sale

      39.29 acres of A-1 zoned land in Illinois.
      24026 S Rowell Rd, Elwood, IL 60421
      View Details
    • $80,000
      0.85 Acres

      Elwood, IL Land For Sale

      Commercial land available in Elwood, Illinois.
      203 W Park St, Elwood, IL 60421
      View Details
    • $80,000
      0.85 Acres

      Elwood, IL Land For Sale

      0.85 acre commercial land available in Elwood, Illinois.
      207 W Park St, Elwood, IL 60421
      View Details
    • $60,000
      1.35 Acres

      Residential Land in Meadowbrook, Elwood

      Two lots to create a wooded retreat with utilities on site.
      964 Arrowhead Dr, Elwood, IL 60421
      View Details
    • $175,000
      2.79 Acres

      Prime Elwood Commercial Lot

      High-visibility lot, ideal for business.
      4 Lincoln-Way Dr, Elwood, IL 60421
      View Details

    Similar Nearby for Lease

    • 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
    • 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
      383,494 SF

      Elwood Warehouse Space Available

      799,294 SF warehouse space available for lease in Elwood, IL.
      21151 Walter Strawn Dr, Elwood, IL 60421
      View Details
    • Contact for pricing
      826,755 SF

      Joliet Industrial & Office Space

      Modern Warehouse & Office Suites Available
      3901 Brandon Rd, Joliet, IL 60421
      View Details
    • Contact for pricing
      148,815 SF

      Elwood Warehouse with Intermodal Access

      148,815 SF warehouse near UP Joliet Intermodal.
      1601 W Schweitzer Rd, Elwood, IL 60421
      View Details
    • 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
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Heritage Dr
    Elwood, IL 60421
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.