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Retail Outlot Property
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1550 West Lane Rd, Machesney Park, IL 61115

Outlot retail space positioned in Machesney Park, Illinois.

Property SizeContact for details
Days on Market144

Property Features for 1550 West Lane Rd

General Information

Standard status Active
Property subtype Retail
Listing Agency: Matthews
Listed By: Ben Snyder · License #OH# 2018002569
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 7:13PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews

Investment Insights

Based on property information with market context.

This retail property is identified as an outlot asset comprising 14,230 SF. The offering is associated with an 8.00% CAP and is located at 1550 West Lane Rd in Machesney Park, Illinois 61115.

Key Highlights

  • 14,230 SF retail property
  • 8.00% CAP
  • Outlot retail asset

Property Analytics

Current Use

Shopko Optical Eye Care Center Alicja Fitzgerald O.D. Eye Care Center Alicja Fitzgerald Physician

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Grocery & Convenience Store Accounting Firm Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

531
Businesses Nearby
719k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 25% Shops & Services 22% Apparel 20% Superstores 14%
Target Superstores
103,456 visits/mo 0.2 miles
Kohl's Apparel
50,835 visits/mo 0.2 miles
T.J. Maxx Apparel
48,814 visits/mo 0.4 miles
Menards Home Improvements & Furnishings
47,305 visits/mo 0.5 miles
McDonald's Dining
36,079 visits/mo 0.3 miles

Demographics for 61115, IL

22,599
Population
8,983
Households
2.5
Avg Household Size
41
Median Age
18%
College-Educated
91%
High-School Grad
10.6 sq mi
ZIP Area
2,132
Density / Sq Mi
$73,771
Median Household Income
$44,141
Median Earnings
$1,111
Median Rent
$160,700
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Outlot retail space positioned in Machesney Park, Illinois.
Where is this retail space located?
The property is located at 1550 West Lane Rd Machesney Park, IL.
What are key features of this property?
This property features: 14,230 SF retail property; 8.00% CAP; Outlot retail asset
More about this property
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