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    163 Rd St Lockport, IL 60441

    For Sale
    $893,335

    Land - Lockport, IL

    Lot size:
    18.65 Acres
    Days on Market:
    288
    Last Refresh:
    Dec 13 at 7:06 am

    Property Features for 163 Rd St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    SINGL
    APN
    1605202000040000
    Lot size
    18.65 Acres

    Building Details

    Architectural style
    Other

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

    Listing agent Margaret Apgar (815) 553-2406 License #475135703

    Listing date Mar 1, 2025

    MLS# 10518143 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

    Lockport Land For Sale

    This 18.65-acre land parcel presents a development opportunity with 396 feet of frontage on 163rd Street, situated between Gougar and Cedar Road in Lockport, Illinois. The original parcel extended to 159th Street before the Windmill Subdivision was developed. Currently being farmed, the property is unincorporated and zoned R1 and R2. All utilities are close by.
    Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Lockport
    County
    Will
    State
    Illinois
    Longitude
    -87.9952
    Latitude
    41.6004

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    FAQs

    What type of property is this?
    Land - 18.65 acre land parcel in Lockport, Illinois.
    Where is this land located?
    The property is located at 163 Rd St Lockport, IL.
    What is the asking price?
    The asking price for this property is $893,335.
    What are key features of this property?
    This property features: - Development opportunity on 18.65 acres.; - Price reduced to $47,900 per acre.; - 396 feet of frontage on 163rd Street.
    (815) 553-2406
    Request Owner's contact information
    163 Rd 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
    163 Rd St Lockport, IL 60441
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