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    1210 State St Lemont, IL 60439

    For Lease
    $150,000

    Ground lease opportunity; drive-thru possible.

    Lot size:
    24,156 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional ground lease opportunity presents a prime location for development at Centennial Plaza in Lemont, Illinois. Situated in a high-visibility retail corridor at the intersection of 127th and State Street, this +/- 24,156 square foot outlot offers a unique build-to-suit option with the potential for a drive-thru. The property is part of a thriving 15-unit strip center, shadow-anchored by a Jewel-Osco, and boasts a strong tenant mix including national and local businesses such as ATI Physical Therapy, Hair Cuttery, Anytime Fitness, and more. The site is ideally suited for fast food, quick-service restaurants (QSR), medical, dental, or other retail uses. This location benefits from a dense population exceeding 25,335 within a 3-mile radius, with an average household income exceeding $119,700. The available space ranges from approximately 2,000 to 9,800 square feet. The site enjoys excellent access to Interstate 355 and the Heritage Corridor Metra Line, and is located approximately 25 miles southwest of Chicago. The ground lease is priced at $150,000 annually. Note that association approval is required.

    Property Features for 1210 State St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,156 SF
    Total Rate
    150000

    Unit(s) available at that property

    Space
    Size
    24,156 SF
    Rate per SF
    $150,000

    HighLights

    • 24,156 SF outlot available at Centennial Plaza in Lemont, IL.
    • Jewel‑anchored shopping center, 100% occupied.
    • 2,000 - 9,800 SF of retail space available.
    • Drive‑thru potential at a signalized intersection.
    • Subject to association approval.
    • Excellent access to I‑355.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lemont Limousine ™ Limousine Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lemont
    County
    Cook
    State
    Illinois
    Longitude
    -87.999834801446
    Latitude
    41.655808152821

    Nearby Similar for Lease

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      Lemont Retail Space Available

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      1210 State St, Lemont, IL 60439
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      130,976 SF

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    • $22 SF/Yr
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      Retail Space Near Jewel Osco

      3,000 SF retail space adjacent to Jewel Osco.
      12700 State St, Lemont, IL 60439
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      13,838 SF

      Lemont Warehouse with Office Space

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    FAQs

    What type of property is this?
    Land - Ground lease opportunity; drive-thru possible.
    Where is this land located?
    The property is located at 1210 State St Lemont, IL.
    What is the lease rate?
    The lease rate is $150,000.
    What are key features of this property?
    This property features: 24,156 SF outlot available at Centennial Plaza in Lemont, IL.; Jewel-anchored shopping center, 100% occupied.; 2,000 - 9,800 SF of retail space available.
    Request Owner's contact information
    1210 State St Lemont, IL 60439
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    Lemont, IL 60439
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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
    1210 State St Lemont, IL 60439
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