921 S State Street Lockport, IL 60441
COMMERCIAL - Lockport, IL
Property Features for 921 S State Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 1104233170060000
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2024
Utilities
- Utilities
- Water Available
- Cooling system
- Central Air
Building Details
- Year built
- 1936
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Vinyl
- Building materials
- Brick
- Roof type
- Composition
Listing agent Alexander Fenske License #475128785 (708) 798-1111
Listing office Keller Williams Preferred Rlty 16101 108th Avenue, Orland Park, IL (708) 798-1111
Listing date Jan 8, 2026
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.
The existing layout includes a main-level vestibule; a retail store with office and storage; a conference room; a safe/vault; and restrooms. The second floor features several large offices, meeting rooms, and restrooms, while the full basement offers a large storage area, an elevator room, and a wet sprinkler system. A private parking lot in the rear provides parking for up to 10 cars.
Located in downtown Lockport’s Historic District/Municipal Core and backing to Commerce St and the canal, the property has commercial zoning noted as C4 Downtown Commercial and is listed under COMMR. It also has reported strong daily traffic exposure with AADT 11,900.
Key Highlights
- 6,264 SF brick, two‑story building on State Street in Lockport’s Historic District/Municipal Core
- Built in 1936; formerly Lockport Fire Department and later served as City Hall
- Fully modernized with updated electrical, Central Air HVAC, fire protection, and an elevator
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $141.3k | $22.56 |
| − Vacancy | −$41.0k | −$6.54 |
| EGI | $100.3k | $16.02 |
| − OpEx | −$25.1k | −$4.00 |
| NOI | $75.3k | $12.01 |
