1016 State Street, Lockport, IL 60441

Building Details

Year built

2023

Floors in Building

3

Number of units

5

Building materials

Brick

Listing agent Robert Miller Show Phone

Listing office Vylla Home e***@apreus.com 1827 Walden Office sq.suite3, Oak Brook, IL Show Phone

Listing date Apr 21, 2026

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MLS# 12624825

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.

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Overview

This three-story brick building was constructed in 2023 and includes four modern residential rental units plus a flexible storefront/office space. The property is configured to support both housing and customer-facing or professional use under one roof, giving an owner the ability to manage residential and commercial income streams within the same building.

Located at 1016 State Street in Lockport, Illinois, the building is described as being steps from the train station and close to major highways and Lewis University, supporting convenient access for residents and commercial tenants.

For investors, this fully leased mixed-use setup offers a turnkey arrangement that combines residential rental units with an additional storefront/office component. For owner-operators or tenants, the storefront/office portion is suited for a range of retail or office users that need dedicated space within an income-producing building that also includes nearby commuter and university access.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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?

Quadplex - Three-story brick building with four residential rentals and a storefront/office space, fully leased.

Where is this quadplex located?

The property is located at 1016 State Street Lockport, IL.

What is the asking price?

The asking price for this property is $1,599,999.

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.; Prime Downtown Lockport Location: Highly desirable area with excellent exposure.