Property profile

111 Illinois Hwy New Lenox, IL 60451

OFF-MARKET
Land
Property ID
US28-5492089
1.66 ac lot
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Property summary

AI-generated overview

This 1.66-acre commercial land parcel is ideally situated at the intersection of East Illinois Highway and South Cedar Road in New Lenox, Illinois, Will County. Its high-visibility corner location offers exceptional exposure, directly across from a gas station and neighborhood shopping center, making it perfect for retail development or a drive-thru quick-service restaurant. The property boasts convenient access to major transportation arteries, including proximity to two Metra commuter train stations (less than two miles), and easy access to Interstates 80 (8 miles), 355 (9 miles), 57 (16 miles), and 55 (22 miles). Midway International Airport is also within a 32-mile radius. The property's APN numbers are 15-08-22-304-011-9143, 15-08-22-304-101-0000, and 15-08-22-304-009-0000. The asking price for this exceptional opportunity is $689,000. No zoning information is currently available.

Property profile

Verified
Property type Land
Lot 1.66 ac (72,310 SF)
UPID US28-5492089

Cap rate & NOI

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

Location

111 Illinois Hwy New Lenox, IL 60451
New Lenox metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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