Listing provided courtesy of CRIS RealtyMREDas Distributed by MLSGrid- MLS# 12543774MLS Provider

1009 W Laraway RoadNew Lenox, IL 60451

Commercial · 23,140 Sq. ft.
$1,250,000 Active

1009 W Laraway Road Overview

Time on Site:
172 days
Visits:
4

BUILDING ONLY! Great investment for your Portfolio! What a time to purchase off of Laraway Rd. and invest in New Lenox while you can. This free-standing building is adjacent to a fully leased strip center, Great investment for a shrewd investor who is for looking for a well-established tenant, this is it. To build this the cost would be about $4.6 million at $200 a square foot. Making this such a great buy! This building includes a parking for approximately 50 vehicles with the current use as a well-established Bowling Alley. Highly visible off a 4-lane highway with a high traffic count and is located in a fast-growing area of New Lenox. The seller pays for the exterior of the building, and the tenant is responsible for everything else including maintaining the parking lot. There is an available lot to the north which the seller would like included in any offers presented. This would make a great addition to your investment. Thinking outside the box this would make a great area for Pickle Ball, Botchie Ball, Baseball Batting Cages, Tennis Courts, additional parking area for Bowling Alley, etc. This lot is being sold separably. The adjacent lot address is 1007 W. Nelson Rd. (MLS#12585451) With the additional lot this would provide extra income to the savvy investor. The bowling alley and lot must be written separately. The current lease of the Bowling Alley is made part of the sale of the building and parking lot. What a Diamond of a deal! With great investment for your Portfolio. Please note Listing office does not hold Earnest Money.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

1009 W Laraway Road Facts & Features

  • Type Commercial
  • Sq. ft. 23,140
  • Price/Sq.ft. $54

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Net Operating Income: 109200

Building Information

  • Year Built: 1992

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: Will
  • MLS Area Major: New Lenox
  • Township: New Lenox

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Repairs, Scavenger, Sewer, All Utilities

Tax Information

  • Tax Annual Amount: $35,000.00
  • Tax Year: 2024

General Information

  • Parcel Number: 1508294050560000
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 23140

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Foundation Details: Concrete Perimeter
  • Leasable Area: 0
  • Stories: 1

Unit Information

  • Unit SqFt.: 23140

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street,County Road,Public Road,Signal Intersection,State Road,Paved
  • Lot Size Dimensions: 125X224X239X157X364X381
  • Lot Size Square Feet: 82328
  • Water Source: Municipal Water

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 1
  • Utilities: Electric to Site,Natural Gas Available,Sewer Connected,Water Available

1009 W Laraway Road Neighborhood

Community

60451 (New Lenox) Demographics

37
Median Age
1,402
Population Density (per sq. mile)
55%
College Educated
$113,781
Estimated Median Income
11,006
Estimated Total Home Owners
891
Estimated Total Renters
93% / 7%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1009 W Laraway Road Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1009 W Laraway Road Market Data

Based on the last 30 days in this zip code

$516,875
Average List Price
$222
Average Price per Square Foot
41
Properties Sold
64
Average Days on Market
169
Properties for Sale
Calculations provided by Reliance Network

1009 W Laraway Road History

Date Event Value Agent
1/13/2026Source: MRED Status Change
Active
1/8/2026Source: MRED Added to Database
January 08, 2026