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    16101 Farrell Rd Lockport, IL 60441

    Sponsored
    For Lease
    $28 SF/Yr

    Build-to-suit retail space, prime location.

    Lot size:
    41,913 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional build-to-suit opportunity presents 10,000 to 45,000 square feet of retail space at Lockport Square in Lockport, Illinois. Located at 16101 Farrell Rd, 60441, this vacant parcel offers unparalleled visibility and access from I-355. The property boasts excellent co-tenancy with a nearby Dollar Tree, a newly constructed Walmart Supercenter, and a Jewel-Osco anchored retail center, ensuring high traffic and customer exposure. The site features ample parking within a large lot, providing convenient access for customers and employees. Five points of ingress and egress ensure smooth traffic flow. All utilities are readily available. The single-story building, constructed in 2008, is part of a larger two-building complex totaling 41,913 square feet. Benefit from low Will County taxes and the convenience of a PACE bus stop at the intersection. This location is surrounded by established national retailers and new residential developments, creating a strong customer base. The property is ideal for a variety of retail uses and offers a unique chance to establish a thriving business in a high-growth area. The site's strategic location and impressive amenities make it an exceptional investment opportunity.

    Property Features for 16101 Farrell Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    41,913 SF
    Total Rate
    97797

    Building Details

    Year Built
    2008
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    16113
    Size
    1,600 SF
    Rate per SF
    $28
    Space
    Build-to-Suit Parcel
    Size
    45,000 SF

    HighLights

    • Adjacent to a new Walmart Supercenter.
    • High‑visibility, newer construction building.
    • Convenient I‑355 access.
    • Low Will County property taxes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Will
    State
    Illinois
    Longitude
    -88.0234299
    Latitude
    41.5943481

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    FAQs

    What type of property is this?
    Restaurant - Build-to-suit retail space, prime location.
    Where is this restaurant located?
    The property is located at 16101 Farrell Rd Lockport, IL.
    What is the lease rate?
    The lease rate is $0.00-$28 SF/Yr.
    What are key features of this property?
    This property features: Adjacent to a new Walmart Supercenter.; High-visibility, newer construction building.; Convenient I-355 access.
    Request Owner's contact information
    16101 Farrell Rd Lockport, IL 60441
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    Lockport, IL 60441
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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
    16101 Farrell Rd Lockport, IL 60441
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