Property profile

0 Silver Cross Blvd New Lenox, IL 60451

OFF-MARKET
Retirement homes
83 ac lot
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Property summary

AI-generated overview

This exceptional 83-acre site in New Lenox, Illinois, presents a unique investment opportunity. Strategically located near the new Silver Cross Hospital Campus on Route 6, and boasting excellent visibility with approximately 3300 feet of frontage along Silver Cross Boulevard and 900 feet along Francis Road, this property offers unparalleled access to major expressways, I-355 and I-80. The site is zoned for agriculture, but its potential uses are diverse and extensive, including medical office space, assisted living facilities, nursing homes, age-restricted high-density single-family or multi-family developments, and various residential options. Utilities are readily available nearby, although some sewer line recapture is required. The seller is open to dividing the property. This prime location in Will County, situated between Joliet, Lockport, Homer Glen, Mokena, and Orland Park, offers significant growth potential and strong demographics. The asking price is $6,225,000. APN: 15-08-08-400-017-0000 - 15-08-08-200-003-0000.

Property profile

Verified
Property type Retirement homes
Lot 83 ac (3,615,480 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Silver Cross Blvd New Lenox, IL 60451
New Lenox metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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