Excellent Commercial / Industrial land opportunity within a half mile of the New Houbolt Road Bridge Extension and in very close proximity to the BNSF, UP and CN Railway Terminals. This property's key feature is its prime location in the middle of the CenterPoint Intermodal Center Corridor. The property consists of two parcels totaling approximately 27+ acres with over 960 feet of road frontage along Houbolt Rd. This is part of the CenterPoint Intermodal Heavy Haul Corridor also know as "inside the fence". Properties "inside the fence" have no weight limits for heavy haul trucks going to and from the Intermodal Rail Terminals and other nearby Truck Terminals. Most of this Heavy Industrial Zoned area is riddled with the obstruction of Underground Pipeline Utilities. One of the key features of this property is that it is one of the only parcels available that is completely pipeline free and ready for quick and easy development. There is currently a 2 story home and 2.94 acre pond on the property that the owner put in for recreation. The pond can be filled in should the new owner desire to do so. The Commercial potential of this property is immeasurable due to it's prime location. It is an approximate five minute drive time from Interstate 80 and less than ten minute drive time from Interstate 55. This prime location makes this property a great opportunity for logistics, warehousing, truck and trailer maintenance/repair services, etc. This property is surrounded by adjacent parcels already zoned Heavy Industrial in Joliet that are quickly being developed. Act soon while it is still available for your next development project.
361 days
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312
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10
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Zillow last checked:
Listing updated:
Listed by:
Dennis Hough(708)580-6284,
Crosstown Realtors, Inc.
Source: MRED as distributed by MLS GRID,MLS#: 12425704
Facts & features
Property
Parking
Parking features: Gravel
Features
Has view: Yes
View description: Side(s) of Property
Has water view: Yes
Water view: Side(s) of Property
Frontage length: 960
Lot
Size: 27.3 Acres
Dimensions: 960 X 1240
Details
Additional parcels included: 1001300011000000
Parcel number: 0410013000160000
Zoning: INDUS
Special conditions: None
Utilities & green energy
Sewer: Septic Tank
Water: Well
Utilities for property: Electric to Site
Community & HOA
Location
Region: Elwood
Financial & listing details
Tax assessed value: $713,514
Annual tax amount: $14,016
Date on market: 7/21/2025
Ownership: Fee Simple
Electric utility on property: Yes
Road surface type: Asphalt
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$1,671/mo
Price history
Date
Event
Price
5/22/2026
Price change
$21,567,000
Source: MRED as distributed by MLS GRID #12425704Report a problem
4/25/2026
Price change
--
Source: MRED as distributed by MLS GRID #12425704Report a problem
7/21/2025
Listed for sale
$21,567,000+10.2%
Source: MRED as distributed by MLS GRID #12425704Report a problem
7/21/2025
Listing removed
$19,575,000
Source: MRED as distributed by MLS GRID #11715078Report a problem
2/3/2025
Price change
$19,575,000+6.2%
Source: MRED as distributed by MLS GRID #11715078Report a problem
11/30/2023
Price change
$18,427,500-5.9%
Source: MRED as distributed by MLS GRID #11715078Report a problem
2/10/2023
Price change
$19,575,000+1957499900%
Source: MRED as distributed by MLS GRID #11715078Report a problem
2/8/2023
Listed for sale
$1
Source: MRED as distributed by MLS GRID #11715078Report a problem
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.