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W Laraway Road - 72 Acre Laraway Road Farm 72 Acres of Residential Land Offered at $4,276,320 in New Lenox, IL 60451
Executive Summary
The south side of New Lenox presents an excellent opportunity for residential development, offering a desirable blend of open space, strong community appeal, and convenient access to major transportation routes like I-80 and I-355. With top-rated schools, expanding local amenities, and a growing demand for new housing, this area is ideal for families and developers alike. There are two New Lenox Metra station. The Laraway road station is approximately1.5 miles east and the second is near the center of New Lenox at Cedar and Rt. 30 is approximately 3.5 miles to the northeast, providing direct commuter rail service to downtown Chicago.
W Laraway Road carries approximately 8,700 vehicles per day along the property frontage, increasing to 9,700 vehicles per day just east of Nelson Road. Nelson Road, running north-south adjacent to the property, carries approximately 2,950 vehicles per day. The I-80 and I-355 interchange, located approximately 5 miles to the north, handles over 48,000 vehicles per day.
The property features high-quality soils with a productivity index of 124.8, predominantly Elliott and Ashkum soil types, providing strong agricultural income during the planning and entitlement process. Approximately 71.33 tillable acres are currently in row crop production. No wetlands and no flood plain restrictions.
Property Facts
| Price | $4,276,320 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 72.00 AC |
| Property Type | Land | ||
| Zoning | A-1 - Agricultural | ||
| Price | $4,276,320 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 72.00 AC |
| Zoning | A-1 - Agricultural |
1 Lot Available
Lot
| Price | $4,276,320 | Lot Size | 72.00 AC |
| Price Per AC | $59,393.33 |
| Price | $4,276,320 |
| Price Per AC | $59,393.33 |
| Lot Size | 72.00 AC |
72 acres on W Laraway Road in fast-growing New Lenox. Excellent visibility and frontage. Great residential development potential per the Village of New Lenox Comprehensive Plan. High-quality cropland with a productivity index of 124.8 provides strong
Description
72 acres with frontage on W Laraway Road in New Lenox. Great visibility for your residential development project. The Village of New Lenox Comprehensive Plan designates this corridor for residential growth, and the 2005 Laraway Road Transit Village Plan specifically envisions transit-oriented development in this area. New Lenox Grade Schools (SD 122) and Lincoln-Way High School (CHSD 210). The south side of New Lenox presents an excellent opportunity for residential development, offering a desirable blend of open space, strong community appeal, and convenient access to major transportation routes like I-80 and I-355. With top-rated schools, expanding local amenities, and a growing demand for new housing, this area is ideal for families and developers alike. There are two New Lenox Metra station. The Laraway road station is approximately1.5 miles east and the second is near the center of New Lenox at Cedar and Rt. 30 is approximately 3.5 miles to the northeast, providing direct commuter rail service to downtown Chicago. W Laraway Road carries approximately 8,700 vehicles per day along the property frontage, increasing to 9,700 vehicles per day just east of Nelson Road. Nelson Road, running north-south adjacent to the property, carries approximately 2,950 vehicles per day. The I-80 and I-355 interchange, located approximately 5 miles to the north, handles over 48,000 vehicles per day. The property features high-quality soils with a productivity index of 124.8, predominantly Elliott and Ashkum soil types, providing strong agricultural income during the planning and entitlement process. Approximately 71.33 tillable acres are currently in row crop production. No wetlands and no flood plain restrictions.
Contact the Sale Advisor
W Laraway Road - 72 Acre Laraway Road Farm