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  • $21,567,000

    23550 S Vetter Rd, Elwood, IL 60421

    --beds
    --baths
    27.3Acres
    Unimproved Land, Farm
    Built in ----
    27.3 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    224 days
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    345
    |
    7
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    Zillow last checked: 8 hours ago

    Listing updated: March 01, 2026 at 09:17pm

    Listing courtesy of:

    Dennis Hough (708)580-6284,

    Crosstown Realtors, Inc.

    Source: MRED as distributed by MLS GRID,MLS#: 12425704MLS Logo

    Facts & features

    Property

    Parking
    • Parking features: Gravel
    Features
    • Has view: Yes
    • View description: Side(s) of Property
    • 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: $629,910
    • 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

    Not available

    Estimated sales range

    Not available

    $1,671/mo

    Price history

    Price history
    DateEventPrice
    7/21/2025Listed for sale$21,567,000+10.2%
    Source: MRED as distributed by MLS GRID #12425704 Report a problem
    7/21/2025Listing removed$19,575,000
    Source: MRED as distributed by MLS GRID #11715078 Report a problem
    2/3/2025Price change$19,575,000+6.2%
    Source: MRED as distributed by MLS GRID #11715078 Report a problem
    11/30/2023Price change$18,427,500-5.9%
    Source: MRED as distributed by MLS GRID #11715078 Report a problem
    2/10/2023Price change$19,575,000+1957499900%
    Source: MRED as distributed by MLS GRID #11715078 Report a problem
    2/8/2023Listed for sale$1
    Source: MRED as distributed by MLS GRID #11715078 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2023$15,641 +3.6%$209,970 +6.7%
    2022$15,093 +8.6%$196,695 +5.9%
    2021$13,899 +4.6%$185,685 -2.8%
    2020$13,283 +4.2%$190,973 +9.6%
    2019$12,752 +12.1%$174,194 +13.6%
    2018$11,372 +4.9%$153,356 +4.4%
    2017$10,844 +25.3%$146,835 +4.3%
    2016$8,654 +19.4%$140,730 +13%
    2015$7,251 $124,523 -0.8%
    2014$7,251 +1.8%$125,498 +0%
    2013$7,122 +63.3%$125,454 +88.9%
    2012$4,361 +6.6%$66,419 +0.1%
    2011$4,092 -1.6%$66,380 +0.1%
    2010$4,160 $66,290

    Find assessor info on the county website

    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

    Getting around

    4 / 100
    Car-Dependent
    25 / 100
    Somewhat Bikeable

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: 203

    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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