Property profile

0 41.553037 -87.972814 New Lenox, IL 60451

OFF-MARKET
Land
20 ac lot
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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

Location

41.553037 -87.972814 New Lenox, IL 60451
New Lenox metro
Google Maps

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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