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South Side of Laraway Road at Gougar Road
New Lenox, IL 60451
Land For Sale · 118.00 AC

Investment Highlights

  • In close proximity to the I-80 and I-355 interchange
  • Ample frontage along Laraway Road
  • In close proximity to the Laraway Road Metra Station with daily service to Chicago

Executive Summary

This property offers flexible zoning with both C-2 Community Shopping District and R-2A Single Family Residential designations, allowing for a wide range of potential uses. Ideally located approximately 36 miles from downtown Chicago, the site features ample frontage along Laraway Road and benefits from strong visibility with traffic counts of approximately 7,100 vehicles per day on Laraway Road and 10,100 vehicles per day on Gougar Road. The property is situated near the Laraway Road Metra Station, providing convenient daily service to Chicago, and offers excellent regional accessibility with close proximity to the I-80 and I-355 interchange. The location is further supported by access to the highly regarded Lincoln-Way West High School and Tyler Elementary School districts. The site carries a PIN of 15-08-32-100-015 with annual taxes of $1,558, and is offered at an asking price of $25,000 per acre, with pricing for preferred “as-is” purchases available upon request.

Property Facts Under Contract

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Hold For Development
  • Hold For Investment
  • Agricultural
Total Lot Size 118.00 AC

1 Lot Available

Lot

Price $4,101,296 CAD
Price Per AC $34,756.75 CAD
Lot Size 118.00 AC

+ Zoned: (see Zoning Plan): C-2 Community Shopping District,R-2 Single Family Residential District, and R-3 Multi-Family Residential District + Located 36 miles from downtown Chicago

  • Listing ID: 28220972

  • Date on Market: 2023-04-13

  • Last Updated:

  • Address: South Side of Laraway Road at Gougar Road, New Lenox, IL 60451

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