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    OFF-MARKET
    Commercial real estate

    111 Illinois Hwy, New Lenox, IL 60451

    1.66 ac lot
    Property ID
    US28-5492089
    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 Commercial real estate
    Lot 1.66 ac (72,310 SF)
    APN 15-08-22-304-011-9143, 15-08-22-304-101-0000, 15-08-22-304-009-0000
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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