8+ Acres NW Corner of Laraway & Gougar

Vacant Land for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30562340
Property Subtypes: Agricultural
Gross Land Area: 8 Acres
Sale Price: $1,450,000
Unit Price: $181,250 Per Acre
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 9/21/2020

Overview / Comments

The parcel currently is in Will County & contiguous to New Lenox. The Village's future land use plan designates the parcel as "Commercial/Regional" & the potential zoning to be consistent with the C-3 general business district. The parcel has a zoning advantage over the other corners of the
intersection of Laraway and Gougar. The other corners are zoned and/or planned for lower intensive uses than the C-3 district. New Lenox's sewer and water are directly across the parcel on the east side of Gougar. The parcel has a permit in place for 1 full access and 2 right-in right-out road cuts. WDOT is stringent on road cuts & it is highly unlikely the other corners of the intersection will get a full access permit. Also, Laraway will soon be upgraded to a major regional road.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Will
Tax ID/APN: 1508304000080000

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,361 31,456 104,500
Median Age: 35.59 37.56 33.46
Households: 1,401 10,607 33,544
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Northern Illinois Commercial Association of Realtors (NICAR) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.