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NEC Cedar and Laraway Rd
New Lenox, IL 60451
NEC of Cedar and Laraway Roads · Land For Sale
·
85.63 AC
Investment Highlights
- Located 36 miles from downtown Chicago in close proximity to the I-80 and I-355 interchange
- Desirable Lincoln-Way West High School and Tyler Elementary School district
- Potential Mixed Use with medium to high density residential
- Adjacent to the Metra Station with service to Chicago
- Zoned R-1 Single Family Residential
- Potential to Divide
Executive Summary
This ±85.63-acre development site offers a rare opportunity for scale, flexibility, and long-term upside. The property features potential for subdivision and is strategically located approximately 36 miles from downtown Chicago with immediate access to the I-80 and I-355 interchange. Adjacent to the Metra station providing direct service to Chicago, the site benefits from strong regional connectivity. It is situated within the highly regarded Lincoln-Way West High School and Tyler Elementary School districts. Currently zoned R-1 Single Family Residential, the property also presents potential for mixed-use development with medium- to high-density residential. The site is offered at an asking price of $65,000 per acre with annual taxes of $21,948.04 and includes parcel numbers 15-08-27-300-013 and 15-08-27-300-014. Interested parties are encouraged to call for additional information.
Property Facts
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 85.63 AC |
| Property Type | Land | Cross Streets | W Laraway Rd |
| Property Subtype | Commercial | ||
| Zoning | R-1 - Single Family Residential. | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 85.63 AC |
| Cross Streets | W Laraway Rd |
| Zoning | R-1 - Single Family Residential. |
1 Lot Available
Lot
| Price | $7,708,785 CAD | Lot Size | 85.63 AC |
| Price Per AC | $90,024.35 CAD |
| Price | $7,708,785 CAD |
| Price Per AC | $90,024.35 CAD |
| Lot Size | 85.63 AC |
Description
This ±85.63 has convenient access to the I-80 and I-355 interchange. Adjacent to a Metra station providing direct service to Chicago, the site benefits from excellent regional connectivity. It is situated within the highly regarded Lincoln-Way West High School and Tyler Elementary School districts. Currently zoned R-1 Single Family Residential, the property also presents potential for mixed-use development with medium- to high-density residential components. Annual real estate taxes are approximately $21,948.04, and the property includes parcel numbers 15-08-27-300-013 and 15-08-27-300-014.
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