Commercial Sale

16624 159th Street, Lockport, Illinois 60441

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Property Description

This 8,100 SF office building in Lockport offers an exceptional investment opportunity with excellent visibility and easy access to I-355. Located in a well-maintained 7-building association, the property features 12 offices, a breakroom, a vestibule, 8 restrooms, and 8,100 SF of usable space on the main level, plus an additional 4,050 SF of usable space on the lower level and 4,050 SF of storage. The roof and HVAC systems are well-maintained, and the recently seal-coated parking lot enhances both value and curb appeal. Currently leased to a long-term tenant for several more years, the property provides a stable income stream. With low Will County taxes, a prime location near new developments along 159th Street, and a strong tenant in place, this is an ideal opportunity for investors seeking a solid, income-producing asset with long-term potential. Don’t miss the chance to secure this well-located office building in a rapidly growing area.

Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : MRD12205169
Price : $1,498,500
Year Built : 2005
Property Sub Type : Condominium
Features
Cooling System : Central Air, Central Individual
Roof Deck : Composition
Address Map
Country : US
State : IL
County : Will
City : Lockport
Zipcode : 60441
Street : 159th
Street Number : 16624
Street Suffix : Street
Floor Number : 0
Longitude : W89° 58' 37.8''
Latitude : N41° 35' 57.4''
Area : Homer / Lockport
Street Dir Prefix : W
MLS Addon
Agent Name : Madison
DaysOnMarket : 11
Directions : I-355 to 159th Street exit ~ West to Adelmann ~ No
Foundation : Concrete Perimeter
List Agent Full Name : Madison Watson
List Agent MLSID : MRD707028
List Office MLSID : MRD70264
List Office Name : Olivieri Real Estate LLC
Parcel Number : 1605183050480000
Tax Year : $2,023
Zoning : OFFIC
ListAgentLastName : Watson
Annual Tax Amount : $0
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Status : Active
PhotosChangeTimestamp : 07/11/2024 21:25:01
Commercial Sale For Sale
  • Listing ID : MRD12205169
$1,498,500
Agent info
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