

Listed by Big Farms
$1,450,000
8+ ACRES NW CORNER OF LARAWAY & GOUGAR
Details
APN 15-08-30-400-015, 15-08-30-400-014, 15-08-30-400-008
Property Type Land
Sub Type Development Site
Acreage 8.000
Zoning Future zone would be C-3
Excellent location for commercial development
Marketing description
The parcel currently is in Will County & contiguous to New Lenox. The Village's future land use plan designates the parcel as "Commercial/Regional" & the potential zoning to be consistent with the C-3 general business district. The parcel has a zoning advantage over the other corners of the
intersection of Laraway and Gougar. The other corners are zoned and/or planned for lower intensive uses than the C-3 district. New Lenox's sewer and water are directly across the parcel on the east side of Gougar. The parcel has a permit in place for 1 full access and 2 right-in right-out road cuts. WDOT is stringent on road cuts & it is highly unlikely the other corners of the intersection will get a full access permit. Also, Laraway will soon be upgraded to a major regional road.
Investment highlights
- This is an excellent location for commercial development. Strong traffic counts with several access points off of both Laraway road and Gougar road. This is a signalized corner.
- This an excellent location in the path of development. New Lenox is one of the faster growing communities in the region. The NW corner of Gougar and Laraway road. Near Lincoln-Way West HS, Chicago Land Speedway.
- Utilities are on the east side of Gougar road and available from the village of New Lenox
Listing Contacts


Listed by Big Farms
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
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?


