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105-111 Illinois Hwy 1.17 Acres of Commercial Land Offered at $515,000 in New Lenox, IL 60451

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INVESTMENT HIGHLIGHTS

Flexible Seller – Owner Financing / Seller Financing / Seller Carryback Available: Seller open to creative deal structures including owner financing
Zoning, setbacks, and utilities provide multiple options for residential or low-intensity commercial development
Location Advantage: Prominent corner visibility at Illinois Highway and Cedar Road with two street frontages

Development Potential & Concept Plans: Preliminary concept drawings have been prepared showing a potential four-duplex (8-unit) configuration
Collaborative Seller / JV or Build-to-Suit Opportunities: Seller is an established construction and development group open to joint ventures
Excellent access for residential, office, or neighborhood commercial concepts, with nearby amenities and strong area growth supporting future value

EXECUTIVE SUMMARY

SVN Chicago Commercial is pleased to present a ±1.17 AC Development opportunity located at 111 Illinois Hwy and 934 S Cedar Rd in New Lenox, Illinois. The property is situated at the signalized corner of Illinois Hwy and Cedar Road in unincorporated Will County. This intersection also includes an active Speedway gas station and car wash, as well as the Cedar Shopping Center, which includes Rosati's Pizza, a cancer center, nail salon, dentist, liquor store, and other businesses. Various development opportunities considered.

Sale Brochure

PROPERTY FACTS

Price	$515,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Retail Multifamily
No. Lots	1	Total Lot Size	1.17 AC
Property Type	Land
Zoning	R-3 - R-3 zoning currently, but annexation into the Village of New Lenox would allow a C-1 Neighborhood Convenience Shopping District or Single-Family/Duple

Price	$515,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Retail Multifamily
Total Lot Size	1.17 AC
Zoning	R-3 - R-3 zoning currently, but annexation into the Village of New Lenox would allow a C-1 Neighborhood Convenience Shopping District or Single-Family/Duple

1 LOT AVAILABLE

Lot

Price	$515,000	Lot Size	1.17 AC
Price Per AC	$440,170.94

Price	$515,000
Price Per AC	$440,170.94
Lot Size	1.17 AC

Unincorporated Will County at the Corner of Illinois Hwy and Cedar Road

DESCRIPTION

Discover the potential of the Central Will County submarket with the prime location of this ±1.17 AC development site in unincorporated Will County. Located adjacent to the vibrant town of New Lenox, IL, this property offers access to a thriving community and a strong local economy. Investors will appreciate the proximity to notable attractions such as the New Lenox Village Commons, Silver Cross Hospital, and nearby retail centers. With its strategic placement 3 miles from the I-80/US-30 interchange and growing residential developments, this area presents a compelling opportunity for retail or multifamily development. Embrace the potential of this bustling location in the heart of the southwest Chicago suburban area.

CONTACTS

Karen Kulczycki
Olivia Wirth
SVN | Chicago Commercial

Listing ID: 37720118
Date on Market: 3/25/2025
Last Updated:
Address: 105-111 Illinois Hwy, New Lenox, IL 60451

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