US Route 6 and Cedar Rd., New Lenox, IL 60451 - vacant land property

Detailed information about vacant land property which situated in New Lenox (60451) city, Illinois state on US Route 6 and Cedar Rd..
The subject property is located at the I-355 and US Route 6 interchange and including the signalized corner of US Route 6 and Cedar Road. The asset is easily accessible and is minutes to I-80 and to I-55 and conveniently accessible from the City of Chicago and its suburbs as well as North West Indiana making travel convenient for customers and employees. Located in the northeast quadrant of the intersection of I-355 and US. Route 6, the asset sits adjacent to I-355 with +/1 1,000 feet of frontage along US Route 6 to the south and +/- 2,175 feet along Cedar Road to the west. Moreover the asset is within a quarter of a mile from the $400 million new Silver Cross Hospital Campus which is to open February 2012. Silver Cross Hospital has been a top 100 hospital for the last 7 years straight. The hospital campus is targeted to employ approximately 2,700 doctors, medical professionals, and staff. The Campus is also home to a new state of the art $21.6 million cancer treatment facility operated by the University of Chicago in partnership with Silver Cross.

Additional Information: The property is a +/- 106.95 parcel which is zoned C-7 and is being offered at $2.15 psf. The property has excellent visibility and access with frontage along US Route 6 to the south and Cedar Road to the West. The subject also has the benefit of the signalized corner of US Route 6 and Cedar road. Utilities are located within a hundred feet of the site. This parcel was the original site for the Forest City Mall development. The C-7 zoning allows for many uses. The highest and best use would be for a large mixed use type development which could be home to hotels, retail, office, theaters, and multi family residential. This is an excellent opportunity to acquire a prime parcel of land in an area of explosive growth.