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    8 Laraway Rd New Lenox, IL 60451

    For Sale
    $925,000

    Land - New Lenox, IL

    Lot size:
    4.15 Acres
    Days on Market:
    62
    Last Refresh:
    Dec 15 at 9:06 am

    Property Features for 8 Laraway Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    1508253010270000
    Lot size
    4.15 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    Remax 10 (708) 857-1500 [email protected]

    Listing agent Michael Clendenning (708) 429-4300 License #475143920

    Listing date Oct 15, 2025

    MLS# 12492734 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Lot Near Laraway Road

    This is an approximately 4.15-acre graded commercial lot situated behind a McDonald's and a 5th/3rd Bank on Laraway Road in New Lenox, Illinois. A Jewel-anchored strip mall and parking lot are located to the west, while a Tractor's Supply building is situated to the east. All utilities are available at the site. A retention pond and a residential neighborhood are located at the rear of the property. The zoning is COMMR.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Wholesale Shop Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Lenox
    County
    Will
    State
    Illinois
    Longitude
    -87.9556306
    Latitude
    41.486928

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    FAQs

    What type of property is this?
    Commercial land - 4+ acre commercial lot with utilities in New Lenox.
    Where is this commercial land located?
    The property is located at 8 Laraway Rd New Lenox, IL.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: - Prime Commercial Location: Situated behind McDonald's and 5th/3rd Bank on Laraway Rd.; - High-Traffic Area: Located near a Jewel-anchored strip mall and Tractor's Supply.; - Utilities at Site: All utilities are readily available.
    (708) 429-4300
    Request Owner's contact information
    8 Laraway Rd New Lenox, IL 60451
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    New Lenox, IL 60451
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8 Laraway Rd New Lenox, IL 60451
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