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    Land

    0 41.553037 -87.972814, New Lenox, IL 60451

    20 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 156-acre property in New Lenox, Illinois, presents a unique investment opportunity. Located at the northeast corner of I-355 and US Route 6, this land offers unparalleled access and visibility. The site boasts significant I-355 frontage and is conveniently situated just two miles from I-80. Zoned C-7, R-1, and R-2, the property allows for diverse development, including residential (single-family, townhomes, multifamily), commercial (retail, service, entertainment), and medical uses. The site's strategic location benefits from proximity to major roadways and high-traffic areas. Across the street, the Silver Cross Hospital, a 348-bed facility, attracts approximately 2.2 million visitors annually. Furthermore, the adjacent Crossroads Sports Complex, slated for completion in 2025, is projected to draw over 600,000 visitors yearly. This combination of high visibility, diverse zoning, and strong surrounding demographics makes this a compelling opportunity for developers seeking a prime location in a rapidly growing Chicagoland suburb. The property is divisible into smaller parcels, offering flexibility for various development scenarios. The land is ready for immediate acquisition. The parcel sizes range from 20 to 156 acres. This location offers significant potential for substantial returns.

    Property profile
    Verified
    Property type Land
    Lot 20 ac (871,200 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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