LOTS 5 Elwood, IL ^$ 399,900

LOTS 5

^$ 399,900

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LOTS 5

Elwood, IL, 60421

^$ 399,900

Studio Baths0.0

Monthly Estimate*

^$ 2,495

Studio

Lots and Land for sale in Elwood, IL

for $399,900. The lot size is 5.41.

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.

Lots and Land Active

Price

^$ 399,900

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 46

Style

Commercial

Lot Size

5.41

Town/City

Elwood

County/Region

Will

MLS | Web ID

12395140

Features

General

Utilities Sewer Connected Water Available

Possession Closing

Zoning COMMR

Township Jackson

Tax Year 2023

Current Use Commercial

Ownership Fee Simple

Additional Parcels Description 1011292040030000

County Will

Property Type Land Land

Possible Use Commercial

Status Active

Directions ROUTE 53 TO MISSISSIPPI AVE. WEST TO LOTS AT THE NORTHWEST CORNER OF ROUTE 53 MISSISSIPPI AVE AND LINCOLN WAY DR.

High School Joliet Central High School

City Elwood

High School District 204

MLS Area Elwood

Elementary School Elwood C C School

Tax Annual Amount 46.52

Middle/Junior High School Elwood C C School

Additional Parcels Y/N Y

Standard Status Active

Middle/Junior School District 203

Elementary School District 203

Interior

Basement None

Total Baths 0

Exterior

Total Parking 0

Lot Dimensions 516.8X299.3X166.9X461 199.8X298 241X241X299

Lot Size Acres 5.41

Road Surface Type Asphalt

Frontage Length 957.6

Frontage Type City Street US Highway

Waterfront Y/N N

* Excluded Features

List By

Coldwell Banker Real Estate Group

Broker

fhondros@aol.com

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$2,499

Per Month

Monthly Principal & Interest: $2,495
Monthly Property Taxes: $4
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Elwood, IL

Average List Price ^$570,169

Percent of Sale Price 43%

About Elwood, IL

2,131 Population

33% Since 2002

^$67,748 Median Income

40.94 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1540344 Elementary School

1540748 Middle School

Joliet Central High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/18/2025	$399,900		Listed Price

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LOTS 5, Elwood, IL, 60421 is a Lots and Land for sale at $399,900 with a lot size of 5.41. LOTS 5 is a studio with 0.0 baths. The property's zip code is 60421 which is in Elwood, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 12/6/2025.

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LOTS 5

Lots and Land for sale in Elwood, IL

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