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    Tower Ln -, Unit 8 New Lenox, IL 60451

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    For Sale
    $475,000

    4.50 acre land lot available for sale.

    Property size:
    4 SF
    Lot size:
    4.50 Acres

    Property Features for Tower Ln -

    General Information

    Size
    4 SF
    Lot size
    4.50 Acres
    Source: Naiglobal

    Listing Agent: John Basile

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

    Overview

    4.50 Acre Land Lot

    This property features a 4.50-acre lot. It is located on Tower Lane - Lot 8, New Lenox, IL 60451.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    New Lenox
    County
    Will
    State
    Illinois
    Longitude
    -87.9609
    Latitude
    41.5052

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    FAQs

    What type of property is this?
    Land - 4.50 acre land lot available for sale.
    Where is this land located?
    The property is located at Tower Ln -, Unit 8 New Lenox, IL.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - 4.50 Acre Lot; - Price: 475,000
    (708) 539-6398
    Request Owner's contact information
    Tower Ln -, Unit 8 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
    Tower Ln -, Unit 8 New Lenox, IL 60451
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