Auction - Receiver Sale: Jewel-Osco Shadow Center |… — Sale in New Lenox, IL
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Property
- Location: New Lenox, IL 60451
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Description
Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/2640 Built in 2009 on 4.65 acres, the center is currently 47% occupied, with four of its five tenants operating at the site for more than 13 years. The primary value-add thesis is lease-up of 8,480 SF of available space, including multiple contiguous suites that give a buyer flexibility to accommodate a range of tenant sizes. The property sits at the signalized intersection of W Laraway Road and S Schoolhouse Road, with a combined traffic count of 21,650 vehicles per day, and is minutes from Lincoln Highway. Surrounding national retailers and shopping destinations, including New Lenox Retail Center and Mokena Marketplace, reinforce the area's retail draw. Demographics support leasing demand, with an average household income of $164,422 within one mile, population growth of 66.43% from 2010 to 2020, and an additional 3.48% growth projected by 2028. Investment Highlights: • Auction - November 17-19 | Starting Bid: $850,000 • Shadow-Anchored by Chicagoland's #1 Grocer • Four of Five Tenants In Place 13+ Years • 8,480 SF of Vacant Space for Lease-Up • Signalized Corner With 21,650 Combined VPD • $164,422 Average HHI Within One Mile • Surrounded by National Retail Destinations
Market Context
This retail in New Lenox, IL is listed for sale. Compare it against other retail listings for sale in New Lenox, IL — view the full market.
Contact the listing broker
This listing comes from the Marcus & Millichap website. CREhunt does not pass messages to the broker. Contact the broker directly.
- Mike Banwell · (954) 245-3397 · mike.banwell@marcusmillichap.com
- Austin Weisenbeck · (630) 570-2169 · austin.weisenbeck@marcusmillichap.com
- Sean Sharko · (630) 570-2238 · sean.sharko@marcusmillichap.com
- Steven Weinstock · (630) 570-2250
Questions to ask the broker
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- What is the asking price?
- What is the current zoning, and does it allow my intended use?
- How many parking spaces come with the property?
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