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    1001 Lane Rd Machesney Park, IL 61115

    For Lease
    Contact for pricing

    150,000 SF Medical Office, Retail Space Available

    Lot size:
    150,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional multi-tenant medical office and retail property, located at 1001 West Lane Rd in Machesney Park, IL 61115, offers a prime opportunity for businesses seeking high-visibility space in a thriving commercial corridor. The property boasts a total of 150,000 square feet across three single-story buildings, constructed in 2005, situated on 11.47 acres of land. With ample parking (830 spaces, a 5.53 ratio), the property provides convenient access for patients and customers. Individual suites range from a minimum of 1,102 square feet to a maximum contiguous space of 7,458 square feet, with 14,439 square feet currently vacant. The property is zoned CG and benefits from excellent visibility, situated at the corner of West Lane Rd/Rt. 173 and Highway 251, experiencing over 40,000 vehicles daily. This location offers immediate proximity to a variety of national retailers including TJ Maxx, Michaels, Ulta, Famous Footwear, Maurices, Hallmark, Kay Jewelers, Lens Crafters, Starbucks, Noodles & Co, Target, Kohl's, Home Depot, Lowe's, and Office Depot, ensuring high traffic and strong consumer demographics. The property features no elevators. This is an ideal location for medical practices and retail businesses seeking a prominent presence in a busy and established retail center.

    Property Features for 1001 Lane Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    150,000 SF

    Building Details

    Year Built
    2005
    Buildings
    3
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 10017
    Size
    1,102 SF
    Space
    Suite B 1003
    Size
    1,370 SF
    Space
    Suite 1049
    Size
    7,458 SF
    Space
    Suite C 1003
    Size
    4,016 SF

    HighLights

    • Prime retail location in Machesney Park, IL, at the corner of West Lane Rd/Rt. 173 and Highway 251.
    • High visibility with over 40,000 vehicles daily.
    • Located in Machesney Park's primary retail corridor, near major retailers including Target, Kohl's, and Home Depot.
    • Three single‑story buildings totaling 150,000 square feet, built in 2005, on 11.47 acres.
    • 3 miles from I‑90.
    Property Profile Location Intelligence

    Current Use by Public Records

    kitchen & cocktails Restaurant FREE Rapid And PCR ... Medical Laboratory Onyx Bar and Grill Bar & Grill

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Machesney Park
    County
    Winnebago
    State
    Illinois
    Longitude
    -89.033481037487
    Latitude
    42.364617794237

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    FAQs

    What type of property is this?
    Individual retail property - 150,000 SF Medical Office, Retail Space Available
    Where is this individual retail property located?
    The property is located at 1001 Lane Rd Machesney Park, IL.
    What are key features of this property?
    This property features: Prime retail location in Machesney Park, IL, at the corner of West Lane Rd/Rt. 173 and Highway 251.; High visibility with over 40,000 vehicles daily.; Located in Machesney Park's primary retail corridor, near major retailers including Target, Kohl's, and Home Depot.
    Request Owner's contact information
    1001 Lane Rd Machesney Park, IL 61115
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    Machesney Park, IL 61115
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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
    1001 Lane Rd Machesney Park, IL 61115
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