Vacant New Lenox K-Mart Building To Be Demolished, Property Back On Market

NEW LENOX, IL — Nearly two years after it was sold, the former K-Mart property in New Lenox is back on the market.

Construction fencing surrounds the building, and it's flagged for demolition.

The deal on the property at 1500 W Lincoln Highway closed in January 2024, according to commercial brokers Mid America Real Estate and TransformCo Properties. It was sold then for $2.9 million, and is now listed as for rent by Coldwell Banker, for $12.5 million.

Crete-based T&S Trailer Pool, Inc. and owner Stan Baran purchased the property in 2024. Baran bought it for investment purposes, he told Patch in an email, and was drawn to it for location and acreage. He had no immediate plans for the property, he said, though his T&S Trailer Pool, Inc. is a trucking repair and sales business.

"Existing building to be REMOVED/84,000sf Kmart..... A PRIME LOCATION:-)," the listing reads. ".... If you want to keep the building for rehab, call your agent asap...."

The 18.76-acre parcel is zoned for C3, the listing says.

"A few of the permitted uses are: hotel, mixed-use, retail department store, grocery store, recreation area, auto sales, boat or RV dealer, medical services, job training Center," it reads.