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.
Active
$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
- 224 days |
- 345 |
- 7 |
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#: 12425704
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
| Date | Event | Price |
|---|---|---|
| 7/21/2025 | Listed for sale | $21,567,000+10.2% |
Source: | ||
| 7/21/2025 | Listing removed | $19,575,000 |
Source: | ||
| 2/3/2025 | Price change | $19,575,000+6.2% |
Source: | ||
| 11/30/2023 | Price change | $18,427,500-5.9% |
Source: | ||
| 2/10/2023 | Price change | $19,575,000+1957499900% |
Source: | ||
| 2/8/2023 | Listed for sale | $1 |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
Boost your down payment with 6% savings match
Earn up to a 6% match & get a competitive APY with a *. Zillow has partnered with to help get you home faster.
Learn more*Terms apply. Match provided by Foyer. Account offered by Pacific West Bank, Member FDIC.Climate risks
Neighborhood: 60421
Nearby schools
GreatSchools rating
- 6/10Laraway Elementary SchoolGrades: PK-8Distance: 5.1 mi
- 2/10Joliet Central High SchoolGrades: 9-12Distance: 6.3 mi
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.
