Receiver Sale: Jewel-Osco Shadow Center | 13+ Yr Tenancy

Highlights:

• Shadow-Anchored by Chicagoland's #1 Grocer: Adjacent Jewel-Osco draws approximately 862,800 annual visitors past the center's storefronts.
• Four of Five Tenants In Place 13+ Years: Long operating history at the site points to durable in-place income and tenant commitment.
• 8,480 SF of Vacant Space for Lease-Up: Center is 47% occupied, with multiple contiguous suites that allow flexible tenant configurations.
• Signalized Corner With 21,650 Combined VPD: Positioned at the stoplight intersection of W Laraway Road and S Schoolhouse Road in New Lenox.
• $164,422 Average HHI Within One Mile: Area population grew 66.43% from 2010 to 2020, with another 3.48% growth projected by 2028.
• Surrounded by National Retail Destinations: Near New Lenox Retail Center and Mokena Marketplace, and minutes from Lincoln Highway access.

Description:

View details and diligence materials on RI Marketplace:
https://rimarketplace.com/auction/2640/retail/new-lenox/il?utm_source=aqqire&utm_medium=free_listing&utm_campaign=november19_2026&utm_content=retail_2640

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 2061–2081 E Laraway Road in New Lenox, IL is a 16,000 SF multi-tenant retail center shadow-anchored by an adjacent Jewel-Osco, Chicagoland's #1 grocer, which draws approximately 862,800 annual visitors. 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.

Location
The center sits at 2061–2081 E Laraway Road in New Lenox, IL, at the signalized intersection of W Laraway Road and S Schoolhouse Road, where 21,650 vehicles pass daily. An adjacent Jewel-Osco anchors daily trips, while New Lenox Retail Center and Mokena Marketplace add regional draw. Lincoln Highway is minutes away, and households within one mile average $164,422 in income.


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

Documents: