Multi-Tenant Retail Shopping
For Sale
Contact for pricing
Pending
100-196 West Illinois Highway, New Lenox, IL 60451
Signalized-corner retail center with established tenants, pylon signage, and surface parking near major regional retailers.
Property SizeContact for details
Days on Market143
Property Features for 100-196 West Illinois Highway
General Information
Standard status
Pending
Total Parking Spaces
130
Property subtype
Retail
Occupancy
50%
Net Operating Income
$154,201
Site & Location
Corner Location
Yes
Pylon Signage
Yes
Traffic Count
14,550 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Multi
Parking Ratio
5.62 per 1,000 SF
Listing Agency:
Frontline Real Estate Partners
(847) 780-8062
Listed By:
Matthew Tarshis · License #IL 481011744
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Sep 1 at 2:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Frontline Real Estate Partners
Investment Insights
Based on property information with market context.
Cedar Center is a multi-tenant retail property at the signalized southwest corner of West Illinois Highway and South Cedar Road in New Lenox. The center is 50% leased and includes Rosati's, Rising Sun, United Liquor, Hanancy Nails, and Dragonfire Studio. United Liquor and Rising Sun have occupied the property since 2008 and account for 64% of in-place revenue.
The property offers 501 feet of frontage on West Illinois Highway and 232 feet along Cedar Road, supported by large pylon signage and a 130-stall surface parking lot. It is positioned two miles southeast of the Interstate-80 and Route 30 interchange, with the New Lenox Metra Station and Silver Cross Medical Center each one mile to the north. Surrounding retailers include Wal-Mart, ALDI, White Castle, Culver's, Starbucks, Dunkin, Pizza King, BMO Harris, Potbelly, and Verizon.
The property offers 501 feet of frontage on West Illinois Highway and 232 feet along Cedar Road, supported by large pylon signage and a 130-stall surface parking lot. It is positioned two miles southeast of the Interstate-80 and Route 30 interchange, with the New Lenox Metra Station and Silver Cross Medical Center each one mile to the north. Surrounding retailers include Wal-Mart, ALDI, White Castle, Culver's, Starbucks, Dunkin, Pizza King, BMO Harris, Potbelly, and Verizon.
Key Highlights
- 50% leased multi‑tenant retail center at a signalized intersection
- 501' frontage on West Illinois Highway and 232' on Cedar Road
- 130‑stall surface parking lot with a 5.62 / 1,000 SF parking ratio
Property Analytics
Current Use
Lease Details
14,550 VPD
Traffic count
50%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Speedway
Shops & Services
11,021 visits/mo
0.1 miles
CARSTAR Mistrata's Collision Service
Shops & Services
213 visits/mo
0.1 miles
Demographics for 60451, IL
36,561
Population
12,972
Households
2.8
Avg Household Size
39
Median Age
42%
College-Educated
98%
High-School Grad
25.2 sq mi
ZIP Area
1,451
Density / Sq Mi
$132,260
Median Household Income
$63,418
Median Earnings
$1,304
Median Rent
$373,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Dream Business — 937 Wisconsin Rd, New Lenox, IL 60451
Frequently Asked Questions
What type of property is this?
Shopping center - Signalized-corner retail center with established tenants, pylon signage, and surface parking near major regional retailers.
Where is this shopping center located?
The property is located at 100-196 West Illinois Highway New Lenox, IL.
What are key features of this property?
This property features: 50% leased multi‑tenant retail center at a signalized intersection; 501' frontage on West Illinois Highway and 232' on Cedar Road; 130‑stall surface parking lot with a 5.62 / 1,000 SF parking ratio
