Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.