30 & I-55 Nwc RteJoliet, IL 60586

For Sale
$350,000

172 acres, 500,000 SF retail potential.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 172-acre commercial land parcel presents a unique investment opportunity in the thriving Plainfield/Joliet, Illinois market. Strategically located at the northwest quadrant of the I-55 and US Route 30 interchange, this property offers unparalleled access and visibility. The site is planned for a mixed-use development exceeding 500,000 square feet of retail, restaurant, and entertainment space, anchored by a significant 150,000 square foot Costco. This development, known as Boulevard Place, envisions a vibrant, pedestrian-friendly environment with landscaped areas and amenities designed to encourage lingering and relaxation. The asking price is $350,000, translating to $0.70 per square foot. The area boasts strong demographics, including a high homeownership rate (84%), a significant number of young families (average household size 3.25), and a median home value of $350,000. While the area experiences longer commutes (average over 30 minutes), this is offset by the high demand for new housing (66% of homes built since 2000) and a low housing vacancy rate of 3.7%. This prime location and planned development make this a compelling investment for those seeking high-growth potential in a dynamic suburban market. The property's size and strategic location offer significant long-term value and development possibilities.

Highlights

  • Strong suburban growth in a major metro area's periphery.
  • High concentration of young families with an average household size of 3.25.
  • High homeownership rate (84%) and significant mortgage usage (71.5%).
  • Predominantly new, single-family homes; 66% built since 2000.
  • Median home value: $350,000.
  • Low housing vacancy rate of 3.7%.

Property Details for 30 & I-55 Nwc Rte

Property type
Other retail properties, Other land
Square Feet
500,000 SF
Lot Size (sq. ft)
7,492,320 SF

Location Insight

City
Joliet
County
Cleveland
State
Illinois
Latitude
41.5832133
Longitude
-88.1668202
30 & I-55 Nwc Rte, Joliet, Illinois

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30 & I-55 Nwc Rte
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