Property profile

1007 Nelson Rd New Lenox, IL 60451

OFF-MARKET
Land
1.56 ac lot
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Property summary

AI-generated overview

This exceptional 1.56-acre commercial lot (67,953 square feet) is ideally situated in the thriving Country Creek Plaza in New Lenox, Illinois. Boasting 277 feet of frontage and 236 feet of depth, this property presents a remarkable opportunity for developers and investors. The lot is zoned commercial and enjoys a prime location at the northwest corner of Laraway Road and Nelson Road, surrounded by a dense residential population of homes, condos, and apartments, ensuring high visibility and foot traffic. The immediate vicinity features established businesses including a pub, restaurants (Spin Taco, Pizza Mia, Tear Drop), a nutrition hub, kitchen and bath showroom, CVS Pharmacy, Dunkin' Donuts, and a workout center, creating a vibrant and bustling commercial environment. Furthermore, its proximity to the Laraway Bowling Alley and the Country Creek Strip Center adds to its appeal. The property benefits from excellent access to I-80 and the Metra, enhancing its convenience and accessibility. Laraway Road is currently undergoing expansion to become a four-lane highway, further improving traffic flow and accessibility. New Lenox is experiencing rapid residential growth, making this lot an exceptional investment in a high-demand area within a burgeoning commercial corridor. This is a rare opportunity to own, rather than lease, a prime commercial outlot in a rapidly developing area of Will County. The APN is 1508294000190000. Asking price is $300,000.

Property profile

Verified
Property type Land
Lot 1.56 ac (67,954 SF)

Cap rate & NOI

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

Location

1007 Nelson Rd New Lenox, IL 60451
New Lenox metro
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Value estimations

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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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