Renovated Shopping
For Sale
Contact for pricing
340-358 W Maple St, New Lenox, IL 60451
Multi-suite retail center near regional commuter access and an established residential trade area.
Property Size45,260 SF
Price / SF$152.45
Days on Market339
Property Features for 340-358 W Maple St
General Information
Standard status
Active
Size
45,260 SF
Property subtype
RETAIL
Additional Details
Highway Access
Yes
Building Details
Year Renovated
2023
Tenancy
Multi
Listing Agency:
SVN | Chicago - Corporate
(630) 330-3352
Listed By:
Karen Kulczycki, CCIM
(630) 330-3352
Source:
Moodyscre
Added: Aug 28, 2025
Changed: Jul 31
Last Checked: Jul 31 at 10:01AM
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 SVN | Chicago - Corporate
Investment Insights
Based on property information with market context.
Lincoln-Way Center is a 45,260-square-foot shopping center at 340-358 W Maple St in New Lenox, Illinois. The property was renovated in 2023 and includes an anchor tenant along with 10 remaining Suite Hub units available for lease-up.
The center is located near I-80 and the New Lenox Metra Station in Will County’s New Lenox Township. Its setting within a retail corridor serves the surrounding residential base and provides access to regional transportation connections.
The center is located near I-80 and the New Lenox Metra Station in Will County’s New Lenox Township. Its setting within a retail corridor serves the surrounding residential base and provides access to regional transportation connections.
Key Highlights
- 45,260‑square‑foot shopping center at 340‑358 W Maple St
- Renovated in 2023
- 10 remaining Suite Hub units available for lease‑up
Financial Insights For Retail
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 | $678.9k | $15.00 |
| − Vacancy | −$67.9k | −$1.50 |
| EGI | $611.0k | $13.50 |
| − OpEx | −$183.3k | −$4.05 |
| NOI | $427.7k | $9.45 |
45,260 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$6.11M
$5.35M – $7.13M
NOI $427,707 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.26M
$8.98M – $11.98M
NOI $718,548 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
124k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 26%
Home Improvements & Furnishings 7%
McDonald's
Dining
36,096 visits/mo
0.4 miles
Thorntons
Shops & Services
16,754 visits/mo
0.4 miles
Taco Bell
Dining
11,740 visits/mo
0.3 miles
Burger King
Dining
10,047 visits/mo
0.5 miles
Whitmore Ace Hardware
Home Improvements & Furnishings
8,714 visits/mo
0.2 miles
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-suite retail center near regional commuter access and an established residential trade area.
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: 45,260‑square‑foot shopping center at 340‑358 W Maple St; Renovated in 2023; 10 remaining Suite Hub units available for lease‑up
