1009 W Laraway Rd New Lenox, IL 60451
Property profile & analytics
1009 W Laraway Rd New Lenox, IL 60451
- Commercial real estate
- 1.89 lot acres
Property ID
US28-3460686
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 1009 W Laraway Rd
- Lot size
- 1.89 lot acres
- Property type
- Commercial real estate
- APN
- 15-08-29-405-056
- APU
- 150829405056
Description
This exceptional investment opportunity presents a 21,800-square-foot, single-story building situated on an 82,328-square-foot lot in New Lenox, Illinois (APN: 1508294050560000). Currently operating as a well-established bowling alley with a long-term lease in place, this property offers significant upside potential. Located at 1009 W Laraway Rd, 60451, the building boasts high visibility due to its proximity to a fully leased strip center and its location on Laraway Road, which is undergoing expansion to a four-lane highway. The property includes approximately 50 parking spaces. The asking price is $1,600,000, translating to $73.39 per square foot. The building is zoned C-3. Exterior maintenance is handled by the seller, while the tenant is responsible for interior upkeep and parking lot maintenance. The current lease is transferable as part of the sale. The estimated rebuilding cost is approximately $4.6 million at $200 per square foot, highlighting the significant value of this established property. This is an ideal investment for those seeking a stable, long-term tenant and a prime location with excellent growth potential.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- New Lenox
- County
- Will
- State
- Illinois
- Longitude
- -87.9856
- Latitude
- 41.4836
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$37,100
$85,663
$345,628
$431,291
-
$256,989
$1,036,884
$1,293,873
