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    3011 W 159Th St Markham, IL 60428

    For Lease
    $20 SF/Yr ($5,866 /Mo)

    3,520 SF freestanding building with drive-thru available for lease.

    Property size:
    3,520 SF
    Lot size:
    30.18 Acres

    Property Features for 3011 W 159Th St

    General Information

    Size
    3,520 SF
    Lot size
    30.18 Acres

    Source: Latitude Commercial Agent Myles Rapchak

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

    Overview

    Freestanding Building with Drive-Thru

    A 3,520 square foot freestanding building with a drive-thru is available for lease. The building is divisible down to 1,500 square feet. It is fully built out with two walk-in coolers and two hoods. The property is located less than half a mile west of the 294/159th Street interchange and sits on over half an acre. It is located on the outlot of Canterbury Plaza Shopping Mall, offering ample parking and easy ingress/egress. The location benefits from traffic counts of over 26,000 vehicles per day on 159th Street.
    Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Markham
    County
    Cook
    State
    Illinois
    Longitude
    -87.6916945
    Latitude
    41.6004259

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    FAQs

    What type of property is this?
    Drive through restaurant - 3,520 SF freestanding building with drive-thru available for lease.
    Where is this drive through restaurant located?
    The property is located at 3011 W 159Th St Markham, IL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Located less than half mile West of 294/159th St Interchange; - **3,520 SF Freestanding Building w/Drive-Thru**; - Located on the Outlot of Canterbury Plaza Shoping Mall
    (219) 308-3553
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    Markham, IL 60428
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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
    3011 W 159Th St Markham, IL 60428
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