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  • $1,950,000

     Elwood, IL 60421

    --beds
    --baths
    38Acres
    Unimproved Land, Farm
    Built in ----
    38 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Ample spaceFavorable zoning regulations
    38 acre parcel located on the northeast corner of Route 53 and W Millsdale Road just south of Joliet, IL in Jackson Township with prime development potential. This is an excellent location with frontage on Rt. 53 and zoned B-3 in the City of Joliet. There are multiple public transportation options, and located only a few miles south from Chicagoland Speedway and Route 66 Raceway. There is a good mix of commercial, industrial, residential, and agriculture in this area, including a Intermodal Terminal for Union Pacific Railroad and the BNSF Intermodal. There is an old farmhouse and buildings on the property. The vibrant south end of Joliet, IL, offers unparalleled development potential. Boasting a strategic location within a rapidly growing community, the land presents an exceptional opportunity for investors and developers alike. Its proximity to key amenities, including transportation hubs, educational institutions, and commercial centers, makes it an ideal choice for residential, commercial, or mixed-use development projects. With its favorable zoning regulations and ample space, this property provides the canvas for innovative and profitable ventures. Don't miss the chance to capitalize on this promising investment opportunity in one of Joliet's most dynamic areas.
    216 days
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    8
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    Zillow last checked: 8 hours ago

    Listing updated: June 26, 2025 at 10:07pm

    Listing courtesy of:

    Mark Goodwin, ALC,CCIM 815-922-9222,

    Goodwin & Associates Real Estate LLC

    Source: MRED as distributed by MLS GRID,MLS#: 12399073MLS Logo

    Facts & features

    Property

    Features
    • Frontage length: 1314
    Lot
    • Size: 38 Acres
    • Dimensions: 1314 X 1233
    Details
    • Parcel number: 1011033000050000
    • Zoning: COMMR
    • Special conditions: None

    Utilities & green energy

    • Utilities for property: Unknown (verify)

    Community & HOA

    Location
    • Region: Elwood

    Financial & listing details

    • Annual tax amount: $8,359
    • Date on market: 6/21/2025
    • Ownership: Fee Simple
    • Road surface type: Asphalt

    Estimated market value

    Not available

    Estimated sales range

    Not available

    Not available

    Price history

    Price history
    DateEventPrice
    6/21/2025Listed for sale$1,950,000
    Source: MRED as distributed by MLS GRID #12399073 Report a problem

    Public tax history

    Public tax history
    Tax history is unavailable.

    BuyAbility℠ payment

    Estimated monthly payment
    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.
    See how much you could borrow to make a competitive offer.

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    Learn more*Terms apply. Match provided by Foyer. Account offered by Pacific West Bank, Member FDIC.

    Climate risks

    Neighborhood: 60421

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: 70

    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.

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