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Land for Hotel, Office, Flex
For Sale
$695,000

450 DeGroate Road, New Lenox, IL 60451

Located at I-80 and Route 30, ideal for development.

Property Size2 SF
Lot Size2.00 Acres
Price / SF$347,500
Days on Market185

Property Features for 450 DeGroate Road

General Information

Standard status Active
Size 2 SF
Lot size 2.00 Acres
Property subtype Land
Listing Agency: DarwinPW Realty/CORFAC International
Listed By: Edward Wabick, SIOR
Source: Corfac
Added: Jan 26 Changed: Jul 6 Last Checked: Jul 30 at 5:26AM

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 DarwinPW Realty/CORFAC International

Investment Insights

Based on property information with market context.

This property is available for sale or build to suit, situated at the full interchange of I-80 and Route 30, offering excellent visibility from I-80. Its location provides proximity to major expressways I-355 and I-55. Encompassing 2 acres, the property is generally located on the west side of DeGroate Rd, north of U.S. 30 and southeast of I-80. It is ideal for hotel, office, or flex development.

Key Highlights

  • Located at I‑80 and Route 30 full interchange
  • Excellent I‑80 visibility
  • Proximity to other major expressways I‑355 and I‑55

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Building Supply Electrical Service Restaurant Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

199
Businesses Nearby

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Located at I-80 and Route 30, ideal for development.
Where is this commercial land located?
The property is located at 450 DeGroate Road New Lenox, IL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Located at I‑80 and Route 30 full interchange; Excellent I‑80 visibility; Proximity to other major expressways I‑355 and I‑55
More about this property
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