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Commercial Restaurant Property
For Sale
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1500 S State Street, Lockport, IL 60441

Business Opportunity, Lockport, IL

Property SizeContact for details
Days on Market101

Property Features for 1500 S State Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning COMMR
Directions I355 S take exit 7 Archer Ave, IL 171 turn right onto Archer ave left on 15th st to restaurant
Subdivision Homer / Lockport
Standard status Active

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 3900

Utilities

Cooling system Central Air

Building Details

Floors in Building 1
Listing Agency: Coldwell Banker Real Estate Group
Listed By: Rosaura Alfaro · License #475167834
Added: Jun 6 Changed: Aug 19 Last Checked: Sep 14 at 9:06AM
MLS# 12671372

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This offering is a commercial restaurant property listed for sale, appropriate for restaurateurs or related concepts seeking a site within the COMMR zoning designation. The listing data does not specify building size or on-site improvements, so interested parties should confirm existing conditions and any tenant-ready attributes during due diligence.

The property is located at 1500 S State Street in Lockport, Illinois 60441, in Will County. As presented, the key land-use detail is the COMMR zoning classification, which can guide what operating models and buildout scopes may be considered for the site.

For prospective tenants, buyers, or operators, the most practical takeaway from the provided information is the combination of restaurant use positioning and COMMR zoning. If your business plan depends on confirming permitted uses or development parameters, zoning and any applicable site requirements should be reviewed as part of your next steps with local authorities and your advisors.

Key Highlights

  • Central air cooling

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Pharmacy Electrical Service Skin Care Clinic (Bike/Boat/Book/etc) Store Furniture & Home Goods Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

619
Businesses Nearby
6k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 88% Home Improvements & Furnishings 12%
Mobil Shops & Services
5,104 visits/mo 0.2 miles
Carpet One Floor & Home Home Improvements & Furnishings
715 visits/mo 0.5 miles

Demographics for 60441, IL

37,093
Population
13,249
Households
2.8
Avg Household Size
38
Median Age
36%
College-Educated
92%
High-School Grad
28.1 sq mi
ZIP Area
1,320
Density / Sq Mi
$104,271
Median Household Income
$54,665
Median Earnings
$1,488
Median Rent
$287,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant-oriented commercial site for sale, zoned COMMR, at 1500 S State Street in Lockport.
Where is this conventional restaurant located?
The property is located at 1500 S State Street Lockport, IL.
What are key features of this property?
This property features: Central air cooling
More about this property
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