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New Lenox 60451
441 DeGroate Road
$1,100,000
● Land - Off Market

441 DeGroate Road

New Lenox, IL 60451
bedrooms
Studio
bathrooms
0 Bath
$6,693
Est. Monthly
-1.03%
Cap Rate

About This Property

Location, location, location!!! Fantastic opportunity offered to purchase this 5+ acre parcel that is zoned both industrial & commercial.  Current use has 4 acres utilized as an industrial application & 1 acre utilized as a  commercial application.  This property is in a prime location at I-80 & Route 30.  Excellent visibility to I-80. Also easy access to I-355 & I-55.  Per the Village of New Lenox, this can be rezoned to all commercial.
Unit Size
-
Days on Market
-
Land Size
5.09 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,783
HOA Dues
-
Year Built
-

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11916949)

Price History

Date / Event Date Event Price
May 3, 2024 Sold
Premium
Sold
Oct 25, 2023 Listed by CRIS Realty $999,999
Listed by CRIS Realty

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 174,240
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: I
  • Land Acres: 0000004000
  • Standard Land Use Code: 5000
  • County Land Use Code: 0080
  • Legal Description 1: A PRT OF THE E1/2 OF THE E1/2 OF SEC. 17 T35N-R11E, LYG N OF THE N'LY ROW LN OF THE MICHIGAN CENTRAL RR, DAF: COMM AT A PT WH

Neighborhood

  • School District Name: Lincoln Way Community High School District 210
  • Census Tract: 881111

Geography

  • Parcel: 15-08-17-400-014
  • Meridian: SEC 17 TWN 35N RNG 11E
  • Municipality: NEW LENOX
  • Latitude: 41.5154
  • Longitude: -87.9885

    Address

  • Full Address: 441 Degroate Rd
  • Address - House Number: 441
  • Address - Street Name: Degroate
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: New Lenox
  • Carrier Code: C005
  • 4-Digit Zip Code: 2912
  • Zip Code: 60451

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,826,382
  • Tax Rate Code Area: 1509

    Market Valuation

  • Market Total Value: $633,237
  • Market Land Value: $271,731
  • Market Improvement Value: $361,506

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $211,079
  • Assessed Land Value: $90,577
  • Assessed Improvements Value: $120,502

    Sales

  • Current Sale Contract Date: Apr 30, 2013
  • Current Sale Recording Date: May 08, 2013
  • Current Sale Document Type: 69
  • Current Sale Input Document Number: R2013055782
  • Previous Sale Recording Date: Jan 22, 2001
  • Previous Sale Contract Date: Dec 01, 2000
  • Previous Sale Amount: $5,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About New Lenox

Stats & Trends

Median Asking:

$439,450

Sale Price/ft²

$212

Below Asking

0.01%

Average Days on Market

43

Average Home Size

2282 ft²

Average Home Age

29.8 years

Currently For Sale

45 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Debbie DeGroot, CRIS Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11916949
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 441 Degroate Road built and last sold?
The property at 441 Degroate Road was built in and last sold on Apr 30, 2013 for $0.
How much is this home worth?
The estimated value of the home located at 441 Degroate Road is $1,009,999.
What are some comparable homes to 441 Degroate Road?
There are currently no comparable homes to 441 Degroate Road.
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