Brandon Road - The Lincoln Stone Quarry in Joliet (LSQ) 67.5 Acres of Industrial Land Offered at $1,975,000 in Joliet, IL 60436

Property Details:
Approximately 67.5 acres available for sale
Current annual taxes are $7,565
The property is part of a larger 100plus-acre leased area
41 acres of the original 100 Plus -acre property were recently sold in May to a major construction company in the Joliet area for just over $2.3 million
Asking Price: $1,975,000Lease Information: The entire 100 plus -acre property is under an existing lease with Midwest Generation, LLC (MWG).
The lease runs through December 31, 2027.
The property has been leased by Joliet Stations for decades, and the lease with Commonwealth Edison Company began on December 26, 1962, and has been amended and extended multiple times.
The property was used for depositing bottom ash, a waste material from the power generation process.
The active part of the quarry holds 2.6 million cubic yards of ash.
Environmental and Access Information:
MWG/NRG is responsible for all environmental issues and site remediation as required by federal and state regulations.
Access to the property is controlled by Midwest Generation, and security is in place.
Site visits are only permitted from the road and require prior notice.
Potential for future use as a data center or other similar uses (to be confirmed).
Closure and Remediation Options (provided by MWG/NRG):
Dry Closure in Place with Soil Cover: This option involves a two-layer cover with a geomembrane and soil. It would require around 13,000 truckloads of soil and would take about two years.
Dry Closure in Place with Closure Turf: This two-layer system does not require soil. It would take approximately two years and require about 400 truckloads of materials.
Closure by Removal of All Ash: This option is estimated to take at least 20 years. It would involve removing 3.4 million cubic yards of material, which is about 225,000 truckloads, potentially causing truck traffic on local roads. This method could also disturb the coal ash and release additional constituents into the groundwater.
Groundwater monitoring data and a 3D mathematical model confirm that water from the quarry is not moving towards the neighborhood to the northeast. The company has also installed an extraction well system to manage groundwater movement.
It is crucial that the tenant, MWG/NRG, is not disturbed. Site visits are permitted from the road only. Do not attempt to access the property without prior notice, as security is in place, and unauthorized access may result in legal issues for trespassers.
This unique asset in Will County presents a significant opportunity that will require a sophisticated approach to maximize its value.
Contact Information:
All showings must be scheduled through Peter J. Poulos Real Estate.
The information provided herein was obtained from sources believed reliable; however, Peter J. Poulos Real Estate makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice.