Three-Story Mixed-Use
For Sale
$1,599,999
1016 State Street, Lockport, IL 60441
COMMERCIAL - Lockport, IL
Property SizeContact for details
Lot Size0.08 Acres
Days on Market111
Property Features for 1016 State Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MULTI
Directions
3 miles south of I-355 at Archer Ave.
Subdivision
Homer / Lockport
Standard status
Active
APN
1104233260220000
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
32349
Utilities
Cooling system
Central Air
Building Details
Year built
2023
Floors in Building
3
Number of units
5
Building materials
Brick
Listing Agency:
Vylla Home
(773) 831-2000
Listed By:
Robert Miller · License #475133786
(630) 705-5380
Added: Apr 21
Changed: Aug 4
Last Checked: Aug 9 at 12:06PM
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.
Investment Insights
Based on property information with market context.
Located at 1016 State Street in Lockport, this three-story mixed-use building was constructed in 2023 with brick exterior construction and central air. The property includes four residential rental units and a separate storefront or office area, creating a combination of residential and commercial space within one building. The zoning is designated MULTI, and the property occupies 0.0758 acres.
The building is in Downtown Lockport, steps from the train station and near major highways and Lewis University. The entire property is fully leased, with occupancy spanning both the residential units and the commercial space. The storefront or office area provides a street-facing commercial component suitable for retail or office use as supported by the existing configuration.
The building is in Downtown Lockport, steps from the train station and near major highways and Lewis University. The entire property is fully leased, with occupancy spanning both the residential units and the commercial space. The storefront or office area provides a street-facing commercial component suitable for retail or office use as supported by the existing configuration.
Key Highlights
- Four residential rental units plus storefront/office space
- Three‑story brick building constructed in 2023
- Fully leased across residential and commercial areas
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick construction combines four residential rentals with flexible storefront and office space.
Where is this mixed-use property 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: Four residential rental units plus storefront/office space; Three‑story brick building constructed in 2023; Fully leased across residential and commercial areas
