Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lemont Corner Development Land Site Title is generated by Realmo AI

    16701 W 135th Street, Lemont, IL 60439

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $6 SF/Yr $16/Mo (calc)

    29-acre corner land site near I-355 and I-55.

    Type:Land
    Property size:
    29 SF
    Added:
    Nov 21, 2025
    Days on Market:
    181
    Last Refresh:
    Apr 5 at 10:33 pm

    Property Features for 16701 W 135th Street

    General Information

    Standard status
    Active
    Size
    29 SF
    Property subtype
    Land

    Spaces For Lease

    at 16701 W 135th Street Contact us

    We can help!

    Listing Contact
    Kelly Disser
    Kelly Disser

    Listing agent Kelly Disser License #475133590

    Listing office NAI Hiffman | Oakbrook Terrace

    Listing date Nov 21, 2025

    Source Naiglobal

    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 NAI Hiffman | Oakbrook Terrace

    HighLights

    • Proximity to I‑355 and I‑55
    • Up to 310,000 SF building
    • ±29 acre land site
    • Multiple building schemes
    • Heavy auto parking
    • Trailer parking potential

    Overview

    This property features a 29-acre land site suitable for commercial or industrial development. It offers the potential for constructing a building of up to 310,000 square feet. Multiple building schemes are possible, including options for a single building or two separate buildings. The site allows for heavy auto parking and has trailer parking potential. It is a premier corner development site with proximity to I-355 and I-55. Will County plans to expand 135th Street heading east.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Building Supply Auto Repair Shop Nail Salon Auto Parts Store Department Store Kitchen & Bath Showroom Discount Store Garden Center Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Lemont
    County
    Cook
    State
    Illinois
    Longitude
    -88.0257
    Latitude
    41.6418

    Nearby Similar for Lease

    • Contact for pricing
      500 SF

      Turnkey Office Space in Lemont

      Move-in ready office space in Lemont's vibrant Downtown District.
      209 Stephen Street, Lemont, IL 60439
      View Details
    • $22 SF/Yr
      38,500 SF

      Retail Space Near Jewel-Osco

      Prime retail space available in Lemont's Centennial Plaza.
      1210-1264 State Street, Lemont, IL 60439
      View Details
    • $22 SF/Yr
      3,000 SF

      Retail Space Near Jewel Osco

      3,000 SF retail space adjacent to Jewel Osco.
      12700 State St, Lemont, IL
      View Details
    • Contact for pricing

      Lemont Commercial Space For Rent

      Commercial space available for rent in Lemont, Illinois.
      12300 W New Avenue, Lemont, IL 60439
      View Details
    • Contact for pricing
      2,000 SF

      1.56 Acre Site with Building

      1.56-acre property with 2,000 SF building, ideal for logistics.
      11343 Joliet Road, Lemont, IL 60439
      View Details
    • Contact for pricing

      Lemont Flex/Industrial Space Available

      Flex/Industrial space available for rent in Lemont, Illinois.
      13108 Grant Rd, Lemont, IL 60439
      View Details
    • Contact for pricing
      1 SF

      1.56 Acre Land Site

      Rare site ideal for logistics, e-commerce, or outdoor storage.
      11343 Joliet Road, Lemont, IL 60439
      View Details
    • Contact for pricing

      Lemont Outdoor Storage and Distribution

      Multimodal connectivity for storage and distribution near major highways.
      13108 Grant Rd, Lemont, IL 60439
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Lemont Center

      Retail space available in Lemont, anchored by Pete's Fresh Market.
      1100-1120 State St, Lemont, IL
      View Details
    • Contact for pricing

      Secured Lot for Rent

      Fenced and lit lot with heavy truck traffic design.
      231 New Ave, Lemont, IL
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Centennial Plaza

      Retail leasing opportunity in Lemont's prime retail corridor.
      1210 State St, Lemont, IL 60439
      View Details
    • Contact for pricing
      13,838 SF

      Lemont Warehouse with Office Space

      13,838 SF warehouse with 2,288 SF office space for lease.
      20 101st St, Lemont, IL
      View Details

    FAQs

    What type of property is this?
    Land - 29-acre corner land site near I-355 and I-55.
    Where is this land located?
    The property is located at 16701 W 135th Street Lemont, IL.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: Proximity to I‑355 and I‑55; Up to 310,000 SF building; ±29 acre land site
    (630) 317-0721
    We can help!
    Listing Contact
    Kelly Disser
    Kelly Disser
    Real Estate License ID: 475133590
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    16701 W 135th Street, Lemont, IL 60439
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!