1210 State St, Lemont, IL 60439

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.