151 Ac Laraway Road Development Farm

Status:Active
County:Will
Township:New Lenox
Address:14620 W Laraway Road New Lenox IL 60451
Gross Land Area:151 Acres
 Hectare Conversion
Property Type:Multi-Family residential development land
Possible Uses:Agriculture Production and Future Development
Total Investment:$9,437,500.00
 Monetary Conversion
Unit Price:$62,500.00
Buildings:Vacant house and barns
Utilities:Sewer and water available from the village of New Lenox
Zoning:Agriculture


For more information contact:

Mark Goodwin
1-815-741-22261-815-741-2226 mgoodwin@bigfarms.com

Goodwin & Associates Real Estate, LLC
is an AGENT of the SELLERS.

 

** New Listing **

151 Ac Laraway Road Development Farm
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Property Overview

151 Acres in New Lenox, one of the fastest growing Southwest suburbs of Chicago. Excellent New Lenox grade schools and Lincoln-way high school. Both considered some of the best in the state. Frontage on Laraway road, just west of Cedar. Zoned agriculture, but comprehensive plan calls for mixed use residential allowing for higher density. Two Metra stations, Laraway road station is just half a mile east. The main station is at Cedar and Rt. 30 in New Lenox, about 2.6 miles north. Easy access to I-80, I-55, I-355 and I-57. Excellent shopping district along Rt. 30. 
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Will County Map

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151 AC Road Map of New Lenox Site   
151 AC Road Map of New Lenox Site

Plat Page of New Lenox Township, Will County Illinois   
Plat Page of New Lenox Township, Will County Illinois
Plat Map reprinted with permission of Rockford Map Publishers, Inc.

151 AC FSA Map of New Lenox Site   
151 AC FSA Map of New Lenox Site

151 Acre Soil Map of New Lenox Site   
151 Acre Soil Map of New Lenox Site

151 AC Wetlands Map of New Lenox Site   
151 AC Wetlands Map of New Lenox Site

151 AC Topo Map of New Lenox Site   
151 AC Topo Map of New Lenox Site

151 AC Hillshade Map of New Lenox Site   
151 AC Hillshade Map of New Lenox Site

151 Acre Topo Contour Map of New Lenox Site   
151 Acre Topo Contour Map of New Lenox Site

Upcoming Growth in New Lenox   
Upcoming Growth in New Lenox

Boomburbs Tapestry Segmentation   
Boomburbs Tapestry Segmentation

Bright Young Professionals Tapestry Segmentation   
Bright Young Professionals Tapestry Segmentation

Listing Details

 

General Information

Listing Name: 151 Acres New Lenox Township, Will County.
Tax ID Number/APN: 15-08-28-300-003-0000 and 15-08-28-400-001-0000.
Possible Uses: Agriculture Production and Future Multi Family or Mixed Use Development.
Zoning: Comprehensive plan for New Lenox shows mixed use type development or multi-family. Currently A-1, Agriculture.
 

Area & Location

School District: New Lenox School District 122, Lincoln-Way Community High School District 210.
Market Type: The two primary Tapestry Segmentations are Boomburbs and Bright Young Professionals. See additional details included with this marketing package.
Location Description: This 151 acre parcel is located off of West Laraway Road between Nelson Road and South Cedar Road in the Village of New Lenox, Will County, Illinois.
Site Description: This land is relatively flat with a PI Index of 124.7. There are several acres considered to be in the flood plain that runs along the north border of the property. There is a line of trees separating the neighboring field and neighborhood. The south border of the property sits along West Laraway Road. Laraway road is currently under construction. Maps do not show the current detention being installed for Laraway road.
Side of Street: This 151 acre is located on the north side of West Laraway Road, between Nelson and South Cedar Roads.
Highway Access: I-80 is located less than 3 miles to the north of the property and I-355 is approximately 5.4 miles north. I-57 is about 12 miles east, and I-55 is located about 12 miles to the west.
Road Type: All surrounding roads are asphalt paved. Laraway road is being improved to four lanes.
Legal Description: THE W1/2 OF THE SE1/4 OF THE E1/2 OF THE SW1/4 OF SEC 28, T35N-R11E. ( EX THAT PRT TO THE STATE OF IL DESCD IN DOC 1007117); A PRT OF THE W1/2 OF THE SE1/4 OF SEC 28, T35N-R11E.
Property Visibility: The property has excellent visibility on the north side of West Laraway Road with approximately half a mile frontage.
Largest Nearby Street: West Laraway Road bordering the property on the south.
Transportation: Primarily road/highway in this area with I-80 less than 3 miles away, as well as I-55 and I-57 about 12 miles away. There is a train station off of West Laraway Road a little over half a miles east from the property, with another station only 3 miles away in New Lenox. Joliet Regional Airport is about 13 miles away, while Midway International Airport is 35 miles away, and O'Hare International Airport is 45 miles away from the property.
 

Land Related

Lot Frontage (Feet): There is approximately 2,649 feet of frontage on the north side of West Laraway Road.
Lot Depth: This was originally a square 160 acres with 2640 feet north/south and east/west.
Buildings: There is an old set of farm buildings. The house is not livable, barn and shed are useful.
Zoning Description: Mixed use and Multi-family are the designated uses for this location according to the New Lenox planning department.
Flood Plain or Wetlands: Yes, there are several acres in the NW corner considered flood plain.
Topography: Flat to gently rolling.
Soil Type: The primary soils are:
Ashkum silty clay loam (232)
Elliot silt loam (146)
Symerton silt loam (294)
Average soil PI for this farm is 124.7
Available Utilities: Utilities are all available from the village of New Lenox.
 

Financials

Finance Data Year: 2020 Tax assessment.
Real Estate Taxes: Taxes are approximately $62 per acre including the buildings.
Investment Amount: Sellers are asking $62,500 per acre for 151 acres for a total investment of $ 9,437,500.
 

Location

Address: 14620 W Laraway Rd., New Lenox, IL, 60451

County: Will County



MARK GOODWIN PROFESSIONAL BIOGRAPHY

It is difficult to find a real estate professional that specializes in Illinois Land Brokerage. Our services area includes Kendall County, Grundy County, Kane County, LaSalle County, Kankakee County, Livingston County, Ford County,Bureau, Henry County, Kane County, Dekalb County, Lake County, Iroquois County, Vermilion County, Kankakee County, and Cook County. Illinois Land Brokerage is a very specialized segment of the real estate brokerage industry. Knowledgeable Land Brokers are difficult to find. Many agents can sell a farm, but how many have the experience and qualifications of Goodwin and Associates?

Mark Goodwin is a Illinois Land Broker who can advise you about your land asset. It takes an experienced Illinois Land Broker to understand how best to market your land asset or find the property that best fits the investors needs or desires. Goodwin and Associates is the Land Broker for you in Illinois. We can help you with the marketing of your farm, residential development land, industrial land and commercial land or help with the selection of farmland, commercial land, retail land, industrial land, residential development land, residential lots, industrial lots and commercial lots. We are here to help you reach your goals.

Mark Goodwin Illinois Land Broker
For more information about property for sale in New Lenox, Illinois (New Lenox Township, Will County) contact:

Mark Goodwin - Illinois Land Broker
1-815-741-22261-815-741-2226 mgoodwin@bigfarms.com

Goodwin & Associates Real Estate, LLC
is an AGENT of the SELLERS.