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    1306 N Cedar Rd New Lenox, IL 60451

    For Sale
    $495,000

    Commercial land available near major interchanges in a pro-business community.

    Lot size:
    1.77 Acres

    Property Features for 1306 N Cedar Rd

    General Information

    Lot size
    1.77 Acres

    Source: DarwinPW Realty/CORFAC International Agent Jerry Sullivan

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

    Overview

    Development Ready Commercial Land

    This development-ready commercial land is located 1.5 miles from the full interchange at I-355 and Route 64, and 2.4 miles from I-80 and Route 30. The property is zoned C-1 and situated within a pro-business community.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Auto Repair 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
    -87.9657497
    Latitude
    41.5299561

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    FAQs

    What type of property is this?
    Land - Commercial land available near major interchanges in a pro-business community.
    Where is this land located?
    The property is located at 1306 N Cedar Rd New Lenox, IL.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: - Development ready site; - Zoned C-1; - **1.5 miles to full interchange at I-355 and Rt 64**
    (708) 805-1181
    Request Owner's contact information
    1306 N Cedar 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
    1306 N Cedar Rd New Lenox, IL 60451
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