Downtown Lockport Investment
For Sale
$1,599,999
1016 State Street, Lockport, IL 60441
New construction mixed-use property in prime downtown location.
Property SizeContact for details
Days on Market152
Property Features for 1016 State Street
General Information
Standard status
Active
Property subtype
Commercial
Zoning
MULTI
Taxes and HOA fees
Annual Taxes
$32,349
Building Details
Year Built
2023
Stories
3
Units
5
Listing Agency:
Vylla Home
(773) 831-2000
Listed By:
Robert Miller · License #475133786
(773) 831-2000
Source:
Gia-sells
Added: Mar 26
Changed: Aug 23
Last Checked: Aug 22 at 2:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vylla Home
Investment Insights
Based on property information with market context.
Located in the heart of Downtown Lockport, this three-story brick building at 1016 State St. was constructed in 2023. The property features four modern, high-end residential rentals and a flexible storefront/office space. The commercial space provides excellent exposure and is suitable for retail or office use. The building is fully leased, offering immediate returns for investors seeking a turnkey solution with a strong tenant base in both the residential and commercial sectors. The property is just steps away from the train station and close to major highways and Lewis University, ensuring easy accessibility for tenants and clients. This property is an ideal investment opportunity.
Key Highlights
- New construction (2023) three‑story brick building in Downtown Lockport.
- Fully leased property ensures immediate returns and cash flow.
- Four modern, high‑end residential rental units.
Property Analytics
Property Profile
Current Use
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 Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - New construction mixed-use property in prime downtown location.
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: New construction (2023) three‑story brick building in Downtown Lockport.; Fully leased property ensures immediate returns and cash flow.; Four modern, high‑end residential rental units.
