450 Degroate RdNew Lenox, IL 60451

Property Details for 450 Degroate Rd

Lot size

2.59 AC

Property type

Land

Property subtype

Commercial land

APN

15-08-17-413-001

APU

150817413001

Description

This exceptional 60451 New Lenox, IL industrial land parcel, located at 450 DeGroate Road, presents a unique investment opportunity. Priced at $695,000, this property boasts unparalleled visibility and accessibility due to its strategic location at the full interchange of I-80 and Route 30. The site benefits from excellent I-80 frontage, ensuring high traffic exposure for any development. Its proximity to other major expressways, including I-355 and I-55, further enhances its logistical advantages, providing easy access to regional transportation networks. The property is ideally suited for a variety of development projects, including hotels, office buildings, or flexible-use facilities. Retention is included, simplifying the development process. This prime location and versatile zoning make this an exceptional opportunity for investors seeking high-impact industrial land in a rapidly growing area of Will County. The property's address is 450 DeGroate Road, New Lenox, IL 60451. Serious inquiries are encouraged.

• Alternative Use

  Use

  Valuation

  Residential

  $39,398,716

  Hospitality

  $36,089,012

  Educational

  $30,025,636

  Medical

  $31,058,262

  Retail

  $46,706,544

Location Insight

City

New Lenox

County

Will

State

Illinois

Latitude

41.5171

Longitude

-87.9888

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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