0 Laraway Rd, New Lenox, IL 60451
This exceptional 1.75-acre commercial lot, located at 550 E. Laraway Rd., Lot 2 in New Lenox, IL (APN: 1508341010020000), presents a unique investment opportunity. Situated on the southwest corner of Laraway Road and Calistoga Drive, this C-3 PUD zoned property boasts unparalleled visibility and accessibility, benefiting from a traffic count of 12,600 vehicles daily. The lot's prime location within the Calistoga Shopping Plaza offers easy ingress and egress, enhanced by a nearby traffic signal. Anchored by Berkot's Grocery Store and surrounded by a mix of businesses including a pub, fast food, pet store, dentist, and hair salon, this property enjoys a thriving commercial environment. Its proximity to the Metra train station and I-80 further enhances its appeal. The 76,187 square foot lot is ready for immediate development, with utilities readily available. A survey and backup package are available upon request. This property is ideally suited for a variety of commercial uses and represents a significant investment in one of Will County's fastest-growing areas, surrounded by upscale residential development. An adjacent lot (Lot 1) is also available for purchase. This presents a rare chance to acquire a highly visible, well-located commercial property in a booming market. The asking price is $699,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.