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Listing provided courtesy of Coldwell Banker Real Estate GroupMREDas Distributed by MLSGrid- MLS# 12395140MLS Provider

LOTS 5,6 &7 LINCOLN WAY DriveElwood, IL 60421

Vacant Land · 5.41 Acres
$399,900 Active

LOTS 5,6 &7 LINCOLN WAY Drive Overview

Time on Site:
377 days
Visits:
5

5.41 ACRES CONSISTING OF 3 COMMERCIAL LOTS IN ELWOOD TOWN CENTER TO BE SOLD AS ONE PARCEL. SUBJECT SITES ARE ON THE NORTHWEST SIDE OF ILLINOIS ROUTE 53 ( WITH 958 FEET FRONTAGE) 240 FT OF FRONTAGE ON MISSISSIPPI AVE. AND 868 FEET FRONTAGE ON THE SOUTHEAST SIDE OF LINCOLN WAY DR. THERE IS ONE CURB CUT ALONG MISSISSIPE AVE. AND TWO CURB CUTS ALONG THE LINCOLN WAY DR. FRONTAGE. LOCATED ON HEAVILY TRAVELED RT. 53 AND MISSISSIPPI AVE. BEING THE MAIN THOUROUGHFARE TO TOWN. GREAT OPPORTUNITY TO BE PART OF ELWOOD'S FAST GROWING COMMUNITY,COME JOIN ELWOOD'S BUSINESS DISTRICT AMONG NEARBY DOLLAR GENERAL, NEWER COMMERCIAL RETAIL CENTER AND VILLAGE HALL. ACCESSIBLE TO INTERSTATE 80 APPRX. 5 MILES SOUTH AND I-55 INTERCHANGE VIA ARSENAL ROAD NORTH AND WEST OF VILLAGE.

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LOTS 5,6 &7 LINCOLN WAY Drive Facts & Features

  • Type Vacant Land
  • Lot 5.41 Acres

Details

General

School Information

  • School District: 204
  • Elementary School: Elwood C C School
  • Middle Or Junior School: Elwood C C School
  • High School: Joliet Central High School

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: Will
  • MLS Area Major: Elwood
  • Township: Jackson

Tax Information

  • Tax Annual Amount: $46.52
  • Tax Year: 2023

General Information

  • Ownership: Fee Simple
  • Parcel Number: 1011292040010000
  • Possible Use: Commercial
  • Property Type: Land
  • Special Listing Conditions: None
  • Zoning: COMMR

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Basement: None

Exterior

Parking Information

  • Parking Total: 0

Lot Information

  • Additional Parcels: Yes
  • Frontage Length: 957.6
  • Frontage Type: City Street,US Highway
  • Lot Size Acres: 5.41
  • Lot Size Dimensions: 516.8X299.3X166.9X461,199.8X298,241X241X299
  • Road Surface Type: Asphalt

Waterfront/View

  • Waterfront: No

General Information

  • Utilities: Sewer Connected,Water Available

LOTS 5,6 &7 LINCOLN WAY Drive Neighborhood

Community

60421 (Elwood) Demographics

43
Median Age
96
Population Density (per sq. mile)
32%
College Educated
$97,448
Estimated Median Income
1,409
Estimated Total Home Owners
122
Estimated Total Renters
92% / 8%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

LOTS 5,6 &7 LINCOLN WAY Drive Monthly Cost

$
$ %
%
$
$
Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

LOTS 5,6 &7 LINCOLN WAY Drive Market Data

Based on the last 30 days in this zip code

$434,846
Average List Price
$190
Average Price per Square Foot
2
Properties Sold
49
Average Days on Market
17
Properties for Sale
Calculations provided by Reliance Network

LOTS 5,6 &7 LINCOLN WAY Drive History

Date Event Value Agent
12/21/2025Source: MRED Status Change
Active
12/15/2025Source: MRED Status Change
Re-activated
6/22/2025Source: MRED Status Change
Active
6/17/2025Source: MRED Added to Database
June 17, 2025