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    16101-16155 Farrell Rd Lockport, IL

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    For Lease
    Contact for pricing

    Retail space available in Lockport near major retailers.

    Property size:
    1,600 SF
    Lot size:
    13.25 Acres

    Property Features for 16101-16155 Farrell Rd

    General Information

    Size
    1,600 SF
    Lot size
    13.25 Acres

    Source: Brookline Real Estate Agent Bill Lundy

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

    Overview

    Retail Space Near Walmart

    Space is available at Lockport Square, situated adjacent to a newly constructed Walmart Supercenter and a Jewel-Osco anchored retail center. The location offers excellent visibility and co-tenancy, along with abundant parking in a large lot. The property features five points of ingress/egress, and all utilities are available to the site. It benefits from low Will County taxes. The property provides easy access from I-355 and is densely surrounded by national retailers and newer residential developments. A PACE bus stop is located at the intersection. The available retail space is 1,600 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Will
    State
    Illinois
    Longitude
    -88.057837
    Latitude
    41.5894752

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    FAQs

    What type of property is this?
    Shopping center - Retail space available in Lockport near major retailers.
    Where is this shopping center located?
    The property is located at 16101-16155 Farrell Rd Lockport, IL.
    What are key features of this property?
    This property features: - Adjacent to a newly built Walmart Supercenter and Jewel-Osco anchored retail center.; - Excellent visibility and co-tenancy.; - Abundant parking in large lot.
    (630) 590-5910
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    16101-16155 Farrell Rd Lockport, IL
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    Realmo Value Estimation

    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.

    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.

    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
    16101-16155 Farrell Rd Lockport, IL
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