Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    US-30 & Vancina Ln New Lenox IL 60451 USA New Lenox, IL 60451

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in a Target and Lowe’s anchored center.

    Type:Retail
    Added:
    Nov 22, 2025
    Days on Market:
    135
    Last Refresh:
    Mar 19 at 11:43 pm

    Property Features for US-30 & Vancina Ln New Lenox IL 60451 USA

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at US-30 & Vancina Ln New Lenox IL 60451 USA Contact us

    We can help!

    Listing Contact
    Sean McCourt
    Sean McCourt

    Listing agent Sean McCourt

    Listing office CBRE | Chicago

    Listing date Nov 22, 2025

    Source Cbre

    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 CBRE | Chicago

    Overview

    Retail Space in Anchored Center

    This retail property is located in a shopping center anchored by Target, Lowe’s, Michael’s, and Portillos. The center benefits from easy access via a signalized entrance. Monument signage is available on Route 30. The property features convenient head-in parking. It serves the communities of New Lenox, Mokena, and Frankfort.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Rochelle Commons Shopping Center — 330 May Mart Dr, New Lenox, IL 60451
    • Dream Business — 937 Wisconsin Rd, New Lenox, IL 60451

    Map

    City
    New Lenox
    County
    Will
    State
    Illinois
    Longitude
    -87.9609
    Latitude
    41.5052

    Nearby Similar for Lease

    • Contact for pricing

      Office Space with Attached Garage

      Office space with attached 2.5 car garage in New Lenox.
      12410 W Horseshoe Drive unit: 1, New Lenox, IL 60451
      View Details
    • Contact for pricing

      Prime Office Space Available

      Affordable office spaces in high-traffic New Lenox location.
      1333 S Schoolhouse Road, New Lenox, IL 60451
      View Details
    • Contact for pricing

      Commercial Space in New Lenox

      Commercial property available for rent in New Lenox, Illinois.
      1333 S Schoolhouse Road, New Lenox, IL 60451
      View Details
    • $15/mo

      Medical Office Space Available

      6,310 SF medical office with 12 exam rooms.
      180-196 W. Illinois Highway, New Lenox, IL 60451
      View Details
    • $17/mo

      Professional Office Space for Rent

      1000 sq ft office space with open area.
      1234 N Cedar Road #A, New Lenox, IL 60451
      View Details
    • $7/mo

      Move-in Ready Office Suites Available

      Office suites for rent with utilities and maintenance included.
      1200 S Cedar Road, New Lenox, IL 60451
      View Details
    • Contact for pricing

      Professional Office Space For Lease

      Office space with private entrance, parking, and pond views.
      12410 W Horseshoe Drive 2, New Lenox, IL 60451
      View Details
    • Contact for pricing

      Medical Suites for Lease

      Medical suites available for lease in professional office building.
      410 E Lincoln Hwy, New Lenox, IL 60451
      View Details
    • $23/mo

      Medical Office Space For Lease

      Class A medical office space available on Silver Cross Campus.
      678 Cedar Crossings Drive, New Lenox, IL 60451
      View Details
    • $50/mo

      Modernized Medical Office Space Available

      Shared medical office space with procedure rooms and pathology lab.
      120 Batson Court, New Lenox, IL 60451
      View Details
    • $50/mo

      Modernized Medical Office Space Available

      Shared medical office space for lease with flexible terms.
      120 Batson Court, New Lenox, IL 60451
      View Details
    • Contact for pricing

      Proposed Two-Story Office Building

      Proposed office building in New Lenox, Illinois, with 38,306 square feet.
      433 Landings Dr. | New Lenox, IL 60467, IL 60467
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in a Target and Lowe’s anchored center.
    Where is this shopping center located?
    The property is located at US-30 & Vancina Ln New Lenox IL 60451 USA New Lenox, IL.
    What are key features of this property?
    This property features: Target, Lowe’s, Michael’s and Portillos Anchored Center; Easy access at signalized entrance; Route 30 monument signage available
    (312) 297-7688
    We can help!
    Listing Contact
    Sean McCourt
    Sean McCourt
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!