Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16051 Weber Rd Crest Hill, IL 60403

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Single-story retail building with drive-thru and ample parking.

    Property size:
    4,823 SF
    Lot size:
    4,823 SF

    Property Features for 16051 Weber Rd

    General Information

    Size
    4,823 SF

    Building Details

    Year built
    2006

    We can help!

    Listing Contact
    Matthew Tarshis
    Source: Frontlinerepartners

    Listing Agent: Matthew Tarshis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Building on Weber Road

    The property at 16051 Weber Road is a 4,823 square foot single-story retail building constructed in 2006. It is located on Weber Road in Crest Hill, Illinois, and is zoned B-3: Business Service District. The building sits on a 1.50-acre parcel with ample surface parking. The site is near the intersection of Weber Road and W Renwick Road, providing excellent visibility and strong traffic counts of approximately 24,500 vehicles per day. It also offers convenient access to Interstate-55 (I-55) and Interstate-355 (I-355). The property is surrounded by a mix of retail, dining, and residential neighborhoods. Neighboring retailers include Costco, Aldi, Target, Menards, Walgreens, Home Depot, Hobby Lobby, Planet Fitness, Starbucks, Dairy Queen, Potbelly, Chick-fil-A, McDonald’s, and Goodwill. The property is located just over two miles east of Interstate-55 (I-55) and just over five miles north of Interstate-80 (I-80), and less than one mile from Lewis University. The property features monument signage, a drive-thru, and ample parking with fresh pavement.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crest Hill
    County
    Will
    State
    Illinois
    Longitude
    -88.121979
    Latitude
    41.5927017

    Nearby Similar for Lease

    • Contact for pricing
      13,068 SF

      Crest Hill Commercial Space

      Spacious, heated/cooled flex space with new upgrades in Crest Hill.
      103 Elsie Ave, Crest Hill, IL 60403
      View Details
    • Contact for pricing
      577,442 SF

      Spacious Industrial Warehouse in Crest Hill

      577,442 Sq. Ft. warehouse with ample parking.
      21225 Lidice Pkwy, Crest Hill, IL
      View Details
    • $16 SF/Yr
      8,050 SF

      Caton Crest Commons Retail Space

      Crest Hill Retail Strip Center - 8,050 SF Available
      2400 Caton Farm Rd, Crest Hill, IL 60403
      View Details
    • $8 SF/Yr
      22,000 SF

      Crest Hill Lanes Bowling Alley

      Turn-key bowling alley, restaurant, bar
      905 Theodore St, Crest Hill, IL 60403
      View Details
    • Contact for pricing
      1,320 SF

      Retail Space in Busy Center

      Retail suites available in a high-traffic Crest Hill center.
      20631-20653 Renwick Rd, Crest Hill, IL 60403
      View Details
    • Contact for pricing
      1,382 SF

      Retail Space Available For Rent

      Retail space for rent with ample parking in Crest Hill.
      1701 N Larkin Ave, Crest Hill, IL 60435
      View Details
    • $18 SF/Yr
      3,400 SF

      Crest Hill Retail Space Available

      3,400 sq ft Restaurant/Retail Space
      2357 Plainfield Rd, Crest Hill, IL 60403
      View Details

    FAQs

    What type of property is this?
    Retail space - Single-story retail building with drive-thru and ample parking.
    Where is this retail space located?
    The property is located at 16051 Weber Rd Crest Hill, IL.
    What are key features of this property?
    This property features: - High-visibility location on Weber Road with strong traffic counts (~24,500 VPD).; - Convenient access to Interstate-55 (I-55) and Interstate-355 (I-355).; - Ample surface parking with fresh pavement.
    (847) 542-9058
    Request Owner's contact information
    16051 Weber Rd Crest Hill, IL 60403
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16051 Weber Rd
    Crest Hill, IL 60403
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16051 Weber Rd Crest Hill, IL 60403
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Matthew Tarshis
    (847) 542-9058
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.