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16101 South Farrell Road, Lockport, IL – $10,350,000

  • $10.4M Price
  • 129 DOM
  • $10.4M Price
  • 129 DOM

Irina Castravet

Cell: 773.717.0333 | Office: 773.328.8055

16101 South Farrell Road

Our brokerage is proud to present the opportunity to acquire a community center positioned in a strong transit oriented location in the Chicago suburb of Lockport. Lockport Square contains a total of 41,913 square feet between two buildings and is situated on approximately 7.15 acres. Just off I-355 near the southeast corner of 159th Street and Farrell Road, the center benefits greatly from its position among dozens of national retailers, and directly between a Walmart Supercenter and Jewel-Osco. More nearby developments are currently being completed and underway including a new car dealership. Anchored by Dollar Tree, Sherwin Williams and Mary Sears Daycare, the center is occupied by strong, accredited and internet-resistant businesses on long-term leases. All three aforementioned anchors have also recently extended their leases, demonstrating their firm confidence in the location. The stabilized property is even further strengthened by multiple Corporate Guarantees. Differentiated businesses and contrasting peak traffic hours allow for an ideal synergy and mutual benefit across the property. The all-brick, newer construction building has been remarkably-maintained and offers its visitors over 300 total parking spots in two accessible lots. Multiple entrances on Farrell Road and shared access with Walmart and Chase Bank aid traffic flow and allow tenants to operate smoothly. This asset is being offered at a 6.50% CAP rate with tremendous cash flow and continued growth.

Essential Information

  • MLS® #11328097
  • Price$10,350,000
  • Property Taxes$165,123.00
  • Bathrooms0.00
  • Acres0.00
  • Year Built2007
  • TypeCommercial Sale
  • Sub-TypeRetail/Stores
  • StatusActive

Community Information

  • Address16101 South Farrell Road
  • AreaHomer / Lockport
  • CityLockport
  • CountyWill
  • StateIL
  • Zip Code60441

Amenities

  • Parking Spaces300

Interior

  • CoolingCentral Individual

Additional Information

  • Days on Market129
  • ZoningCOMMR

Listing Details

  • OfficeBrookline Real Estate LLC
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Price Change History for 16101 South Farrell Road, Lockport, IL (MLS® #11328097)

Date Details Change
Status Changed from New to Active

Brookline Real Estate LLC.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Redco Inc. are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.

Listing information last updated on June 27th, 2022 at 8:23am CDT.

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