For Auction
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, Parcel 2, adjacent to 2051 E Laraway Rd in New Lenox, Illinois, is a ±1.51-acre (±65,776 SF) vacant commercial outparcel offered through a court-appointed receiver sale. The site is an outparcel to the Shoppes at Heather Glen, a 54,373 SF multi-tenant retail center anchored by Jewel-Osco with a tenant base that includes Starbucks and Orangetheory. The parcel sits directly next to McDonald's along E Laraway Road, which carries approximately 11,300 vehicles per day, within a retail node that also includes Tractor Supply. Traffic and co-tenancy position the site for retail, restaurant, service, or medical users. The neighboring ±1.28-acre outparcel (Parcel 1) is offered in the same auction event, giving buyers the option to assemble a combined site of approximately 2.79 acres. New Lenox is a Will County suburb roughly 40 miles southwest of Downtown Chicago, home to Silver Cross Hospital, a 348-bed campus ranked among the county's three largest employers. The village is served by two Metra stations and by I-80 and I-355. Households report a $154,268 average income and $140,865 median income, versus $90,887 median for the Chicago MSA, and 92.4% of housing is owner-occupied.
Due Diligence
Location
The site sits on E Laraway Road in New Lenox, Illinois, adjacent to McDonald's and the Jewel-Osco-anchored Shoppes at Heather Glen, roughly 40 miles southwest of Downtown Chicago. Silver Cross Hospital, two Metra stations, and I-80 and I-355 serve the village, and Leigh Creek South Park is less than a mile away, placing the parcel within an established, growing residential trade area.
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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.
