Receiver Sale: ±1.3 AC Outparcel | Fifth Third Bank Adjacent | Chicago MSA

Highlights:

• Outparcel to Jewel-Osco-Anchored Center: Shoppes at Heather Glen is a 54,373 SF multi-tenant center with Starbucks and Orangetheory.
• Directly Adjacent to Fifth Third Bank: Sits along E Laraway Road in a retail node with Jewel-Osco, McDonald's, and Tractor Supply.
• 11,300 Average VPD Along E Laraway Road: Daily traffic supports visibility for retail, restaurant, service, or medical development.
• Combinable With Neighboring ±1.51-Acre Site: The adjacent outparcel is offered in the same auction, creating a combined ±2.79-acre site.
• New Lenox Average Household Income $154,268: New Lenox tops the Chicago MSA average of $125,943, with 92.4% owner-occupied housing.
• 11.6% Population Growth From 2010 to 2020: New Lenox grew from 24,394 to 27,214 residents and posts a $399,900 median home value.

Description:

View details and diligence materials on RI Marketplace:
https://rimarketplace.com/auction/2718/land/new-lenox/il?utm_source=aqqire&utm_medium=free_listing&utm_campaign=november19_2026&utm_content=land_2718

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, the land adjacent to 2051 E Laraway Rd in New Lenox, Illinois, is a ±1.28-acre (±55,757 SF) vacant commercial outparcel offered through a court-appointed receiver sale. The site is an outparcel to the Shoppes at Heather Glen, a 54,373 SF multi-tenant retail center anchored by Jewel-Osco with a tenant base that includes Starbucks and Orangetheory. The parcel sits directly next to Fifth Third Bank along E Laraway Road, which carries approximately 11,300 vehicles per day, within a retail node that also includes McDonald's and Tractor Supply. Traffic and co-tenancy position the site for retail, restaurant, service, or medical users. The neighboring ±1.51-acre outparcel is offered in the same auction event, giving buyers the option to assemble a combined site of approximately 2.79 acres. New Lenox is a Will County suburb roughly 40 miles southwest of Downtown Chicago, home to Silver Cross Hospital, a 348-bed campus ranked among the county's three largest employers. The village is served by two Metra stations and by I-80 and I-355. Households report a $154,268 average income and $140,865 median income, versus $90,887 median for the Chicago MSA, and 92.4% of housing is owner-occupied.

Location
The site sits on E Laraway Road in New Lenox, Illinois, beside Fifth Third Bank at the Jewel-Osco-anchored Shoppes at Heather Glen, roughly 40 miles southwest of Downtown Chicago. Silver Cross Hospital, two Metra stations, and I-80 and I-355 serve the village, and Leigh Creek South Park is less than a mile away, placing the parcel within an established, growing residential trade area.


Bidding Opens
Nov 18 1:00 AM
Bidding Closes
Nov 20 1:00 AM

Documents: