W Laraway Road - Residential LAND FOR SALE


New Lenox, IL 60451 3,136,320 SF
$4,276,320 USD
815-741-2226
W Laraway Road, New Lenox, IL for Sale
$4,276,320 USD
Residential LAND - FOR SALE
1/1
3,136,320 SF

W Laraway Road
New Lenox, IL 60451


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,276,320 USD

PRICE/ACRE

$59,393/AC

PRICE/SF

$1 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

72 Acre Laraway Road Farm

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Planned Unit Development, Agricultural

LAND ACRES

72 AC

LAND SF

3,136,320 SF

OFFSITE IMPROVEMENTS

-

ZONING

A-1

APN/PARCEL ID

15-08-32-200-004-0000

ASK ABOUT THIS PROPERTY

Mark GoodwinGoodwin & Associates Real Estate L.L.C.More Info
815-741-2226

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Mark GoodwinGoodwin & Associates Real Estate L.L.C.More Info
815-741-2226

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.