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1680 W Lane Rd
Machesney Park, IL 61115
Walgreens · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Walgreens Location with Over 9 Years Remaining on an Absolute Net Lease | Fifty, 1-Year Renewal Options and No Landlord Responsibilities
  • Property is Located on the Hard, Signalized Corner of Two Multi-Lane Roads With Excellent Visibility | W Lane Rd and Forest Hills Rd See 29,000 VPD
  • Outparcel to Menard's and Located in a Dense Retail Corridor Near Multiple National Tenants Such as Meijer, Panda Express, Target, and more
  • Corporate Guaranty | Walgreens- S&P Investment Grade Tenant
  • Adjacent to a New 52 Acre Multi-Phase Retail Development Directly Across From the Subject Property
  • 2.5 Miles Off of Interstate 90/39 Seeing 59,900+ Vehicles Per Day | 8.5 Miles From Downtown Rockford and 80 Miles From Downtown Chicago

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
B
Year Built
2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.62 AC
Zoning
CG - General Commercial
Parking
69 Spaces (4.76 Spaces per 1,000 SF Leased)
Frontage
222’ on W Lane Rd

AMENITIES

  • Signage
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
08-21-101-021
Land Assessment
$158,578
Improvements Assessment
$420,582
Total Assessment
$579,160
  • Listing ID: 31029089

  • Date on Market: 2/23/2024

  • Last Updated:

  • Address: 1680 W Lane Rd, Machesney Park, IL 61115

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