111 Illinois Hwy, New Lenox, IL 60451
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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