Two-Story Office Building with
1352 N Cedar Road New Lenox, IL 60451
1352 N Cedar Road, New Lenox, IL, 60451
$999,000
For Sale
$999,000
COMMERCIAL - New Lenox, IL
Property Size3,500 SF
Lot Size3.47 Acres
Price / SF$285.43
Days on Market103
Property Features for 1352 N Cedar Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- COMMR
- Standard status
- Active
- APN
- 1508103000580000
- Size
- 3,500 SF
- Lot size
- 3.47 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 15815
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 2006
- Floors in Building
- 2
- Number of units
- 1
Listing Agency
eXp Realty
(888) 574-9405
13034 Western Avenue, Chicago, IL
Listed by
Jaime Birks · License #471005614
(888) 574-9405
Added: Apr 7 Checked: Jul 18 at 1:06 am
MLS# 12612464
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property at 1352 N Cedar Road is a 3.47-acre commercial site improved with a two-story office building totaling 3,500 square feet. The building is occupied by the Hope Center Transportation business and is described as including adequately sized offices, storage, and conference rooms for day-to-day operations.
Zoned COMMR, the site is set up to accommodate customer and employee parking, with more than 50 parking spaces available. The listing notes convenient proximity to the I-80 and I-355 corridors and emphasizes exposure to daily traffic.
For buyers and tenants evaluating an operating commercial property, the current configuration supports an office use with dedicated work space, storage, and meeting areas, backed by on-site parking for routine business needs. The large lot size and existing improvements may also appeal to buyers exploring redevelopment options, subject to applicable approvals and requirements. The property is presented as a long-term, occupied asset with an established business presence and a site designed for practical access and parking continuity.
Zoned COMMR, the site is set up to accommodate customer and employee parking, with more than 50 parking spaces available. The listing notes convenient proximity to the I-80 and I-355 corridors and emphasizes exposure to daily traffic.
For buyers and tenants evaluating an operating commercial property, the current configuration supports an office use with dedicated work space, storage, and meeting areas, backed by on-site parking for routine business needs. The large lot size and existing improvements may also appeal to buyers exploring redevelopment options, subject to applicable approvals and requirements. The property is presented as a long-term, occupied asset with an established business presence and a site designed for practical access and parking continuity.
Key Highlights
- Large 3.47‑acre property in New Lenox.
- Excellent location with convenient access to I‑80 and I‑355.
- Currently occupied by long‑term tenants running a successful business.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.0k | $22.56 |
| − Vacancy | −$22.9k | −$6.54 |
| EGI | $56.1k | $16.02 |
| − OpEx | −$14.0k | −$4.00 |
| NOI | $42.0k | $12.01 |
3,500 SF · lease $22.56/SF/yr · vacancy 29.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$600.7K
$525.6K – $700.8K
NOI $42,046 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$793.8K
$694.6K – $926.1K
NOI $55,566 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Commercially zoned 3.47-acre property with a 2-story office building, ample parking, and existing tenant operations.
Where is this office building located?
The property is located at 1352 N Cedar Road New Lenox, IL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Large 3.47‑acre property in New Lenox.; **Excellent location with convenient access to I‑80 and I‑355.**; Currently occupied by long‑term tenants running a successful business.
