631 Lincoln Hwy New Lenox, IL 60451-1972
Property profile & analytics
631 Lincoln Hwy New Lenox, IL 60451-1972
- Commercial real estate
- 0.68 lot acres
Property ID
US28-3574845
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 631 Lincoln Hwy
- Lot size
- 0.68 lot acres
- Property type
- Commercial real estate
- APN
- 15-08-15-403-026
- APU
- 150815403026
Description
This exceptional investment opportunity presents a fee-simple interest in a 5,546 square foot, single-tenant net-leased Pep Boys auto shop. Located in New Lenox, Illinois, this property boasts a prime location on US Highway 30, benefiting from high visibility and exposure to over 22,000 vehicles daily. Built in 2014, the property features the brand's latest store design and sits on a 0.68-acre lot with 28 parking spaces. The property is situated on an outparcel to a Walmart Supercenter, further enhanced by the presence of co-tenants including T.J. Maxx, Ross, and Petco. The current lease, with a corporate guarantee from Pep Boys Manny Moe & Jack of California Inc., has a remaining term of 4.9 years, with four 5-year renewal options, each including a 10% rent increase. The asking price is $2,140,000, representing a 6.50% cap rate and a price per square foot of $385.86. The lease commenced September 12, 2014, and expires September 30, 2029. Landlord responsibilities are limited to roof, wall, and foundation repairs/replacements. The property's strong demographics, with average household incomes within a 5-mile radius approaching $140,000 annually, contribute to its exceptional investment potential. The property's zoning is 0060 COMMERCIAL, and the APN is 15-08-15-403-026. This is a truly compelling investment opportunity with significant long-term growth potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,285,000
- ML approach
- $2,215,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- New Lenox
- County
- Will
- State
- Illinois
- Longitude
- -87.9514
- Latitude
- 41.5129
- 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
$40,782
$148,512
$325,584
$474,096
-
$445,536
$976,752
$1,422,288
