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Lockport Square 159th St & Farrell Rd
1,600 - 41,600 SF of Retail Space Available in Lockport, IL 60441
Highlights
- 10,000 - 45,000 SF Build-to-Suit
- Low Will County Taxes
- Easy Highway Access (I-355)
- Adjacent to New Walmart and Jewel-Anchored Center
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 16113 | 0.04 AC | Negotiable | $28.00 /SF/YR $2.33 /SF/MO $301.39 /m²/YR $25.12 /m²/MO $3,733 /MO $44,800 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste Pad | 0.23-0.92 AC | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
16101-16151 S Farrell Rd - 1st Floor - Ste 16113
Former GameStop space available
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
16101-16151 S Farrell Rd - 1st Floor - Ste Pad
10,000 - 45,000 SF build-to-suit retail at fully-leased Lockport Square. Available parcel next to Dollar Tree. Retail pad and center are adjacent to a newly built Walmart Supercenter and a Jewel-Osco anchored retail center. Excellent visibility and co-tenancy, abundant parking in large lot, five points of ingress/egress, all utilities available to site. Low Will County taxes!
- Lease rate does not include utilities, property expenses or building services
- Space is an outparcel at this property
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT Lockport Square
- Tenant
- Description
- US Locations
- Reach
- Dollar Tree
- -
- -
- -
- Great Clips Inc.
- -
- -
- -
- Mary Sears Children's Academy
- -
- -
- -
- Sherwin-Williams Paint Store
- -
- -
- -
- T-Mobile
- Retailer
- -
- -
| Tenant | Description | US Locations | Reach |
| Dollar Tree | - | - | - |
| Great Clips Inc. | - | - | - |
| Mary Sears Children's Academy | - | - | - |
| Sherwin-Williams Paint Store | - | - | - |
| T-Mobile | Retailer | - | - |
PROPERTY FACTS FOR 159th St & Farrell Rd , Lockport, IL 60441
| Min. Divisible | 1,600 SF | Center Properties | 2 |
| Center Type | Neighborhood Center | Gross Leasable Area | 49,759 SF |
| Parking | 356 Spaces | Total Land Area | 8.16 AC |
| Stores | 11 | Year Built | 2007 |
| Min. Divisible | 1,600 SF |
| Center Type | Neighborhood Center |
| Parking | 356 Spaces |
| Stores | 11 |
| Center Properties | 2 |
| Gross Leasable Area | 49,759 SF |
| Total Land Area | 8.16 AC |
| Year Built | 2007 |
About the Property
10,000 - 45,000 SF build-to-suit retail at fully-leased Lockport Square. Available parcel next to Dollar Tree. Retail pad and center are adjacent to a newly built Walmart Supercenter and a Jewel-Osco anchored retail center. Excellent visibility and co-tenancy, abundant parking in large lot, five points of ingress/egress, all utilities available to site. Low Will County taxes! Easy access from I-355. Densely surrounded by national retailers and newer residential developments. PACE bus stop at intersection.
Nearby Major Retailers
-
Kelsey Gross -
Michael Asfour -
Brookline Real Estate
Presented by
Lockport Square | 159th St & Farrell Rd
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