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    15249 W 159 St Lockport, IL 60441

    For Sale
    $700,000

    Land - Lockport, IL

    Lot size:
    4.92 Acres
    Days on Market:
    74
    Last Refresh:
    Dec 14 at 2:06 pm

    Property Features for 15249 W 159 St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    1605202020080000
    Lot size
    4.92 Acres

    Building Details

    Architectural style
    Other

    Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell) (815) 553-2406 [email protected]

    Listing agent Jeff Jakob (815) 553-2406 License #475176651

    Listing date Oct 2, 2025

    MLS# 11957232 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

    Prime Commercial Corner Lot

    This 4.92-acre commercial corner lot is located at 15249 W 159th St, Lockport, IL 60441, in unincorporated Homer Township. The property is positioned on the eastbound side of the I-355 interchange, offering access to major highways and high traffic counts. It has approximately 585 feet of frontage on 159th Street and approximately 354 feet on Leach Drive, providing dual-access points. Traffic counts exceed 17,000 vehicles per day on 159th Street. The area benefits from a lack of major retail and Quick-Service Restaurant competition near the I-355 exit. The Lockport/Homer Glen area has a strong demographic profile, with a median household income in Lockport of approximately $113,252 as of 2023 data. The surrounding area is experiencing growth with new residential developments. Located in unincorporated Will County/Homer Township, the property has lower Will County property taxes. The zoning is Commercial, suitable for various uses such as a Quick-Service Restaurant with a drive-thru, medical/dental/professional office building, gas station/C-store, or retail strip center. Utilities, including electric, gas, water, and sanitary sewer, are available nearby at the street. The corner configuration allows for subdividing into two or three outlots.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Nail Salon Kitchen & Bath Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Will
    State
    Illinois
    Longitude
    -87.9952
    Latitude
    41.6004

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    FAQs

    What type of property is this?
    Commercial land - 4.92 acre commercial corner lot in Lockport, Illinois.
    Where is this commercial land located?
    The property is located at 15249 W 159 St Lockport, IL.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: - Prime corner lot location directly off I-355 exit on 159th Street, offering unbeatable highway access and visibility.; - High traffic counts of over 17,000 vehicles per day on 159th Street.; - Located in an affluent market with a median household income of approximately $113,252.
    (815) 553-2406
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    15249 W 159 St Lockport, IL 60441
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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
    15249 W 159 St Lockport, IL 60441
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