+/- 1.17 AC Development Site in Unincorporated Will County
111 E Illinois Hwy
New Lenox, IL 60451
Highlights
- Flexible Seller – Owner Financing / Seller Financing / Seller Carryback Available: Seller is open to creative deal structures including owner financing, seller financing, and seller carryback terms. These options allow qualified buyers, builders, or investors to acquire the property with flexible financing while preserving capital for development. The Seller is highly experienced and active in seller-financed and “subject to” type transactions, which often accelerate opportunities and make deals happen faster.
- Development Potential & Concept Plans: Preliminary concept drawings have been prepared showing a potential four-duplex (8-unit) configuration, taking advantage of the site’s dual frontage on Illinois Highway and Cedar Road. Zoning, setbacks, and utilities provide multiple options for residential or low-intensity commercial development.
- Collaborative Seller / JV or Build-to-Suit Opportunities: Seller is an established construction and development group open to joint ventures, design-build collaborations, or build-to-suit partnerships. If desired, Seller can provide construction management or turnkey development capabilities to accelerate delivery and streamline project execution.
- Location Advantage: Prominent corner visibility at Illinois Highway and Cedar Road with two street frontages. Excellent access for residential, office, or neighborhood commercial concepts, with nearby amenities and strong area growth supporting future value.
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.
