Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Land

    1007 Nelson Rd, New Lenox, IL 60451

    1.56 ac lot
    Property ID
    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
    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
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 1007 Nelson Rd?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message