16732 W 159th Street Lockport, IL $ 1,200,000
16732 W 159th Street
$ 1,200,000
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16732 W 159th Street

Lockport, IL, 60441
$ 1,200,000
Baths0.0 Sq 3,620

Monthly Estimate*

$ 7,976

16732 W 159th Street, Lockport, IL 60441 - Image 1
16732 W 159th Street, Lockport, IL 60441 - Image 2
16732 W 159th Street, Lockport, IL 60441 - Image 3
16732 W 159th Street, Lockport, IL 60441 - Image 4
16732 W 159th Street, Lockport, IL 60441 - Image 5
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16732 W 159th Street, Lockport, IL 60441 - Image 8
16732 W 159th Street, Lockport, IL 60441 - Image 9
Studio

Commercial Property for sale in Lockport, IL

for $1,200,000. This 3,620 square foot building was built in 2006 on a lot size of 0.869995.

We are proud to present the opportunity to acquire a newer construction retail property positioned in a strong, transit-oriented location in the Chicago suburb of Lockport. 16732 W 159th Street contains a total of 3,620 square feet on approximately 0.87 acres. Immediately accessible to I-355 at the northeast corner of 159th Street and Farrell Road, the building benefits greatly from its position among dozens of national retailers, and directly adjacent to Walgreens with shared ingress/egress. More nearby developments are currently being completed and underway including a new car dealership. Perfect for either an owner/user or investor, the all-brick, free-standing former bank building has been remarkably-maintained and offers its visitors 21 total parking spots in front and rear lots accessible from two streets and the adjacent Walgreens. The property features two covered drive-thru lanes and a monument signage structure - ideal for restaurant or medical uses. The asset is densely surrounded by national tenants: Walmart, Aldi, Jewel, Starbucks, Walgreens and McDonald's, and features close proximity to Lockport Township High School, Lewis University and Downtown Lockport.

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Commercial Active

Price

$ 1,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 37,577

Style

Lot Size

0.869995

Year Built

2006

Town/City

Lockport

County/Region

Will

MLS | Web ID

11816982

Features
General
Cooling Central Air
Year Built 2006
Electric Circuit Breakers
Tenant Pays Other
Stories 1
Property SubType Free Standing Store
Tax Year 2021
County Will
Net Operating Income 0
Property Type Commercial Sale Retail/Stores
Status Active
Directions From I-355 159th St west to property
City Lockport
MLS Area Homer / Lockport
Lot Size Square Feet 37897
Street Name 159th
Tax Annual Amount 37577
Additional Parcels Y/N N
Leasable Area 3620
Days on Market 11
Standard Status Active
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Exterior
Building Area Total 3620
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Interior
Street Suffix Street
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* Excluded Features
List By
Brookline Real Estate Llc

Broker

dc@brooklinellc.com

Email

Affordability Calculator

$11,107
Per Month
72%
28%
0%
Monthly Principal & Interest
$7,976
Monthly Property Taxes
$3,131
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/26/2023$1,200,000 Listed Price

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16732 W 159th Street, Lockport, IL, 60441 is a Commercial Property for sale at $1,200,000 with 3,620 sqft and a lot size of 0.869995. 16732 W 159th Street is a studio with 0.0 baths and was built in 2006. The property's zip code is 60441 which is in Lockport, IL