Property profile

1001 Lane Rd Machesney Park, IL 61115

OFF-MARKET
Retail properties & Spaces
150,000 SF 11.47 ac lot Built 2005
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Year built 2005
Total area 150,000 SF
Lot 11.47 ac (499,633 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Medical Laboratory
  • Bar & Pub Restaurant

Location

1001 Lane Rd Machesney Park, IL 61115
Machesney Park metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1001 Lane Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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