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Retail and Office Space Available
For Lease
$22 SF/Yr Modified Gross

1938 E Lincoln Hwy, New Lenox, IL 60451

Retail and office spaces for lease at Schoolhouse & Lincoln.

Space Size334 SF - 1,650 SF
Property Size70,000 SF
Days on Market195

Property Features for 1938 E Lincoln Hwy

General Information

Standard status Active
Size 334 SF - 1,650 SF
Property subtype Retail - Street Retail

Building Details

Building Size 70,000 SF
Year Built 2006

Spaces For Lease

at 1938 E Lincoln Hwy Contact us

205e - executive office Immediate

Type Retail
Lease Type Modified Gross
Sublease No
Renewal Option Yes
Contact us

205f - executive office Immediate

Type Retail
Lease Type Modified Gross
Sublease No
Renewal Option Yes
Contact us

209c -executive office Immediate

Type Retail
Lease Type Modified Gross
Sublease No
Renewal Option Yes
Contact us

209d - executive office Immediate

Type Retail
Lease Type Modified Gross
Sublease No
Renewal Option Yes
Contact us

210b Immediate

Size 650 SF
Type Retail
Lease Type Modified Gross
Sublease No
Renewal Option Yes
Contact us

212 Immediate

Size 1,270 SF
Type Retail
Lease Type Modified Gross
Sublease No
Renewal Option Yes
Contact us

216 - ABC Immediate

Size 334-1,650 SF
Type Retail
Lease Type Modified Gross
Sublease No
Renewal Option Yes
Contact us

103 $22/SF/Yr

Size 1,270 SF
Type Retail
Lease Type NNN
Availability Immediate
Sublease No
Renewal Option Yes
Contact us
Listing Agency: Network Commercial Real Estate
Listed By: Tammy Spilis · License #471004870
Source: Commercialcafe
Added: Mar 26 Changed: Sep 21 Last Checked: Oct 5 at 3:32PM

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 Network Commercial Real Estate

Investment Insights

Based on property information with market context.

This property offers retail and office spaces for lease. The retail spaces are available under a net lease agreement, while the second-floor offices are offered under a modified gross lease. The property is located at the southwest corner of Schoolhouse Road and Lincoln Highway.

Key Highlights

  • Net lease retail space
  • Mod gross lease 2nd floor offices
  • Located at SWC of Schoolhouse Rd & Lincoln Hwy

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Law Firm Hair Salon Nail Salon Spa & Massage Center Big Box & Wholesale Store 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.

Lease Details

Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

364
Businesses Nearby
221k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 54% Superstores 35% Shops & Services 9% Electronics 2%
Target Superstores
76,942 visits/mo 0.5 miles
Portillo's Dining
43,210 visits/mo 0.4 miles
Cooper's Hawk Winery & Restaurant Dining
30,530 visits/mo 0.4 miles
Chili's Grill & Bar Dining
18,179 visits/mo 0.4 miles
Michaels Shops & Services
12,887 visits/mo 0.5 miles

Demographics for 60451, IL

36,561
Population
12,972
Households
2.8
Avg Household Size
39
Median Age
42%
College-Educated
98%
High-School Grad
25.2 sq mi
ZIP Area
1,451
Density / Sq Mi
$132,260
Median Household Income
$63,418
Median Earnings
$1,304
Median Rent
$373,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
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Frequently Asked Questions

What type of property is this?
Retail space - Retail and office spaces for lease at Schoolhouse & Lincoln.
Where is this retail space located?
The property is located at 1938 E Lincoln Hwy New Lenox, IL.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: Net lease retail space; Mod gross lease 2nd floor offices; Located at SWC of Schoolhouse Rd & Lincoln Hwy
More about this property
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