1009 Laraway RdNew Lenox, IL 60451

This exceptional investment opportunity presents a 21,800-square-foot, single-story building situated on an 82,328-square-foot lot in New Lenox, Illinois (APN: 1508294050560000). Currently operating as a well-established bowling alley with a long-term lease in place, this property offers significant upside potential. Located at 1009 W Laraway Rd, 60451, the building boasts high visibility due to its proximity to a fully leased strip center and its location on Laraway Road, which is undergoing expansion to a four-lane highway. The property includes approximately 50 parking spaces. The asking price is $1,600,000, translating to $73.39 per square foot. The building is zoned C-3. Exterior maintenance is handled by the seller, while the tenant is responsible for interior upkeep and parking lot maintenance. The current lease is transferable as part of the sale. The estimated rebuilding cost is approximately $4.6 million at $200 per square foot, highlighting the significant value of this established property. This is an ideal investment for those seeking a stable, long-term tenant and a prime location with excellent growth potential.