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    127th St And State St Lemont, IL 60439

    Sponsored
    For Lease
    Contact for pricing

    Prime Lemont retail space available. Multiple units.

    Lot size:
    48,890 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Lemont Village Square offers a fantastic retail opportunity in the thriving village of Lemont, Illinois. Located at the highly visible intersection of East 127th Street and State Street, this multi-tenant property boasts a total of 48,890 square feet. Currently, there are three retail spaces available, ranging in size from 1,050 square feet to 2,301 square feet, providing flexibility for various business needs. The property is situated in Cook County, offering easy access to major transportation routes and a strong local customer base. This prime location benefits from high foot traffic and excellent visibility, making it an ideal space for businesses seeking to establish or expand their presence in the Lemont market. The available spaces present a unique chance to secure a well-positioned retail location within a well-established commercial center. With its convenient location and ample space options, Lemont Village Square is poised for continued success. The zip code for this property is 60439. The property is classified as commercial retail and offers multiple tenancies. A total of 1,050 square feet is currently vacant. This presents a compelling opportunity for businesses seeking a strategic location in a vibrant community.

    Property Features for 127th St And State St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    48,890 SF

    Unit(s) available at that property

    Space
    Suite 43-101
    Size
    1,050 SF
    Space
    Suite 43-107
    Size
    2,301 SF
    Space
    Suite 17-D2
    Size
    1,104 SF

    HighLights

    • ALDI‑anchored shopping center.
    • High‑traffic location at State & 127th Streets (21,350+ VPD).
    • Diverse tenant mix including restaurant, grocery, and service businesses.
    • Starbucks with drive‑thru.
    • Free‑standing Learning Express daycare.
    • Affluent demographics.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lemont
    County
    Cook
    State
    Illinois
    Longitude
    -87.9997712
    Latitude
    41.6566372

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    FAQs

    What type of property is this?
    Retail property - Prime Lemont retail space available. Multiple units.
    Where is this retail property located?
    The property is located at 127th St And State St Lemont, IL.
    What are key features of this property?
    This property features: ALDI-anchored shopping center.; High-traffic location at State & 127th Streets (21,350+ VPD).; Diverse tenant mix including restaurant, grocery, and service businesses.
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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.

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    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
    127th St And State St Lemont, IL 60439
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