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    6 & Interstate 355 New Lenox, IL 60451

    Sponsored
    For Sale
    Contact for pricing

    Prime Retail/Hotel Land Near Sports Complex

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 14-acre parcel presents a unique investment opportunity in the rapidly developing New Lenox Crossroads area of Will County, Illinois. Located at the highly visible intersection of Route 6 and Interstate 355, this property is ideally situated to capitalize on the significant traffic generated by the newly constructed multi-sport complex. Projected to open by 2025, this state-of-the-art facility will attract regional and national sporting events, drawing substantial crowds from multiple states. The outlots are being developed as pad-ready sites, perfect for retail, commercial, or hotel development. This development is part of a larger 100-acre project, ensuring a vibrant and growing surrounding community. The master developer, Northern Builders, Inc., is overseeing all retail development and can provide assistance with site layout and construction pricing. This presents a rare chance to secure a prominent location within a thriving sports and entertainment hub. Both sale and lease options are available, offering flexibility to suit various investment strategies. The property's prime location in New Lenox, IL (zip code 60451), offers easy access to major transportation arteries, ensuring high visibility and accessibility for businesses. Don't miss this opportunity to be part of a dynamic and rapidly expanding commercial development.

    Property Features for 6 & Interstate 355

    General Information

    Property type
    Land
    Lot Size
    609,840 SF

    HighLights

    • 14‑acre parcel in New Lenox, IL (60451), at Route 6 & I‑355.
    • High‑visibility location near a new multi‑sport complex opening in 2025.
    • Pad‑ready sites available for retail, commercial, or hotel development.
    • Part of a larger 100‑acre master‑planned development by Northern Builders, Inc.
    • Sale or lease options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Lenox
    County
    Will
    State
    Illinois
    Longitude
    -87.9752542
    Latitude
    41.5491983

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    FAQs

    What type of property is this?
    Land - Prime Retail/Hotel Land Near Sports Complex
    Where is this land located?
    The property is located at 6 & Interstate 355 New Lenox, IL.
    What are key features of this property?
    This property features: 14-acre parcel in New Lenox, IL (60451), at Route 6 & I-355.; High-visibility location near a new multi-sport complex opening in 2025.; Pad-ready sites available for retail, commercial, or hotel development.
    (630) 573-1282
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    6 & Interstate 355 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
    6 & Interstate 355 New Lenox, IL 60451
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