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    340-358 W Maple St New Lenox, IL 60451

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    For Sale
    $6,900,000

    Value-add retail opportunity in a high-traffic location.

    Property size:
    45,260 SF

    Property Features for 340-358 W Maple St

    General Information

    Size
    45,260 SF

    Building Details

    Year built
    1957

    Source: Karen Kulczycki, CCIM, SIOR Agent Karen Kulczycki, CCIM, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Retail Center with Upside

    Located at 340–358 W. Maple Street in New Lenox, Illinois, the Lincoln-Way Center offers a retail opportunity in Will County. The neighborhood shopping center is anchored by Whitmore Ace Hardware. The center was recently renovated in 2023. It is strategically located near I-80 and the New Lenox Metra Station, providing accessibility and visibility within the growing southwest suburban market. The property offers upside through the lease-up of 10 remaining Suite Hub units and the potential to bring existing rents up to market rate. The high-traffic center serves a residential base and is situated within a retail corridor. The property has frontage on W. Maple Street (US-30) and is minutes from I-80. The property size is 45260 square feet.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Rochelle Commons Shopping Center, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    New Lenox
    County
    Will
    State
    Illinois
    Longitude
    -87.9752759
    Latitude
    41.5158661

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    FAQs

    What type of property is this?
    Shopping center - Value-add retail opportunity in a high-traffic location.
    Where is this shopping center located?
    The property is located at 340-358 W Maple St New Lenox, IL.
    What is the asking price?
    The asking price for this property is $6,900,000.
    What are key features of this property?
    This property features: - Value-add opportunity with immediate upside through lease-up of 10 Suite Hub units and potential to increase existing rents to market rate.; - Anchored by Whitmore Ace Hardware, a long-standing and reputable tenant that generates consistent foot traffic.; - Excellent accessibility and visibility due to its strategic location near I-80 and the New Lenox Metra Station.
    (630) 330-3352
    Request Owner's contact information
    340-358 W Maple St 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
    340-358 W Maple St New Lenox, IL 60451
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