Listed by NAI Hiffman
$2,250,000
NEC of Laraway Rd & Tower Ln, New Lenox, IL
Details
Property Type Land
Sub Type Commercial
Pads 1
Price per SqFt $7
Acreage 7.540
Zoning C-3 General Business
Land | 7.54 acres
Marketing description
Prime 7.54-acre pad-ready commercial land site located at the northeast corner of Laraway Road and Tower Lane in New Lenox, Illinois. The property features utilities to site, off-site detention, and access from both Tower Lane and Heather Glen Drive. Situated at a lighted intersection with excellent visibility and 12,356 daily vehicle count, the site is just 5.8 miles from I-80 Expressway. Zoned C-3 General Business, this shovel-ready development opportunity is surrounded by established retail including Jewel-Osco, Starbucks, Tractor Supply Co, McDonald's, Shell, and Dunkin'.
Investment highlights
- Site Size: 7.54 Acres (328,442 SF)
- Zoning: C-3 General Business
- Off site detention
- Traffic Count: 12,356 Daily Vehicle Count
- 2024 Real Estate Taxes: $325
- Sale Price: $2,250,000 ($6.85/SF)
- Utilities to site, pad ready
- Lighted Intersection
- 12,356 vehicles per day
- 8.5 miles to I-80 Expressway
Access from Tower Lane and Heather Glen Dr
Listing Contacts
Listed by NAI Hiffman
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Zoning
C-3 CommercialGeneral CommercialGeneral Business District
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 243 uses
View all 243 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
