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    1016 State St Lockport, IL 60441

    For Sale
    $1,749,000

    Commercial Sale - Lockport, IL

    Days on Market:
    74
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 1016 State St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    APN
    1104233260220000

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2023
    Number of units
    5
    Architectural style
    Other

    Atlantic & Pacific Real Estate (US) LLC (877) 330-2773 [email protected]

    Listing agent Robert Miller (877) 330-2773 License #475133786

    Listing date Sep 23, 2025

    MLS# 12478443 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Lockport Mixed-Use Investment

    Located in Downtown Lockport, this three-story brick building, constructed in 2023, presents an investment opportunity. The property features four residential rental units with contemporary finishes, alongside a storefront/office space suitable for retail or office use. The building is fully leased, providing immediate returns for investors seeking a turnkey solution with a tenant base in both the residential and commercial sectors. The property is located steps away from the train station and close to major highways and Lewis University, ensuring accessibility for tenants and clients.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Will
    State
    Illinois
    Longitude
    -88.0579732
    Latitude
    41.5878545

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    FAQs

    What type of property is this?
    Mixed-use property - New construction mixed-use property with residential and commercial spaces.
    Where is this mixed-use property located?
    The property is located at 1016 State St Lockport, IL.
    What is the asking price?
    The asking price for this property is $1,749,000.
    What are key features of this property?
    This property features: - Newly Constructed in 2023: Modern building with contemporary finishes.; - Fully Leased: Turnkey investment with immediate returns and strong tenant base.; - Prime Downtown Lockport Location: Highly desirable area with excellent exposure.
    (877) 330-2773
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    Lockport, IL 60441
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1016 State St Lockport, IL 60441
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