For Auction
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 2061–2081 E Laraway Road in New Lenox, IL is a 16,000 SF multi-tenant retail center shadow-anchored by an adjacent Jewel-Osco, Chicagoland's #1 grocer, which draws approximately 862,800 annual visitors. Built in 2009 on 4.65 acres, the center is currently 47% occupied, with four of its five tenants operating at the site for more than 13 years. The primary value-add thesis is lease-up of 8,480 SF of available space, including multiple contiguous suites that give a buyer flexibility to accommodate a range of tenant sizes. The property sits at the signalized intersection of W Laraway Road and S Schoolhouse Road, with a combined traffic count of 21,650 vehicles per day, and is minutes from Lincoln Highway. Surrounding national retailers and shopping destinations, including New Lenox Retail Center and Mokena Marketplace, reinforce the area's retail draw. Demographics support leasing demand, with an average household income of $164,422 within one mile, population growth of 66.43% from 2010 to 2020, and an additional 3.48% growth projected by 2028.
Due Diligence
Location
The center sits at 2061–2081 E Laraway Road in New Lenox, IL, at the signalized intersection of W Laraway Road and S Schoolhouse Road, where 21,650 vehicles pass daily. An adjacent Jewel-Osco anchors daily trips, while New Lenox Retail Center and Mokena Marketplace add regional draw. Lincoln Highway is minutes away, and households within one mile average $164,422 in income.
Transaction Managers
Platform Fee
Buyer pays a minimum platform fee of 5% or $25,000 at closing.
How it Works
Learn about bidding, reserve prices, and closing.
Read the auction guideAuctioneer
Need Help?
Your transaction managers are your first point of contact for any auction or process questions. For additional support:
Investment Sales Brokers
Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
