+/- 1.17 AC Development Site in Unincorporated Will County

111 E Illinois Hwy New Lenox, IL 60451

111 E Illinois Hwy, New Lenox, IL, 60451
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FOR SALE
Property Type:
Multifamily Land
Amount:
$515,000
Last Verified:
Oct 22, 2025

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Highlights

  • ±1.17 AC Development Site at Signalized Corner
  • Unincorporated Will County at the Corner of Illinois Hwy and Cedar Road
  • Across the street from Speedway car wash & gas station
  • Diagonally adjacent to Cedar Shopping Center, which includes Rosati's Pizza, a cancer center, nail salon, dentist, liquor store, and other businesses
  • R-3 zoning currently, but annexation into the Village of New Lenox would allow a C-1 Neighborhood Convenience Shopping District or Single-Family/Duplex Residential Development

Description

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.

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.

Building Size: 0sq ft
Lot Size: 1.17 acres


Documents

SVN - Sale Brochure

Map of 111 E Illinois Hwy, New Lenox, IL, 60451

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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