Restaurant Building with Gaming
1030 E 9th St, Lockport, IL 60441
For Sale
New
Contact for pricing
A one-story restaurant property features licensed video gaming and 44 surface parking spaces.
Property Size5,200 SF
Lot Size0.52 Acres
Price / SF$158.65
Days on Market5
Property Features for 1030 E 9th St
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Pylon Signage
Traffic Count
Amenities
licensed video gaming area
Building Details
Buildings
Stories
Listing Agency:
Coldwell Banker Commercial Realty
Listed By:
Anthony Catanese · License #TX
Source:
Crexi
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 4:26PM
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 Coldwell Banker Commercial Realty
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Investment Insights
Based on property information with market context.
The freestanding, one-story restaurant building contains 5,200 square feet and sits on a 0.52-acre site. Its second-generation restaurant configuration includes a licensed video gaming area, with surface parking for 44 vehicles and a pylon sign along E 9th Street.
The property is at 1030 E 9th St in Lockport, near IL Route 7. Combined traffic on the nearby routes is approximately 30,000 vehicles per day.
The property is at 1030 E 9th St in Lockport, near IL Route 7. Combined traffic on the nearby routes is approximately 30,000 vehicles per day.
Key Highlights
- 5,200‑square‑foot, one‑story freestanding restaurant building
- 0.52‑acre site with 44 surface parking spaces
- Licensed video gaming area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,136
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,242,720
$1.2M
Cap Rate 7%
$887,657
$887.7K
Cap Rate 9%
$690,400
$690.4K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$88.6K $17.04/SF
− Vacancy
−$5.8K −$1.11/SF
EGI
$82.8K $15.93/SF
− OpEx
−$20.7K −$3.98/SF
NOI
$62.1K $11.95/SF
Area
Will County, IL
Vacancy
6.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,242,720
Cap Rate 7%
$887,657
Cap Rate 9%
$690,400
Alternative Uses
Best Use
Specialty Retail
$887.7K
$776.7K – $1.04M
NOI $62,136 @ 7.0% cap · market cap 7.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,555 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
30,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
527
Businesses Nearby
80k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Shops & Services 37%
Groceries 17%
Home Improvements & Furnishings 7%
McDonald's
Dining
16,072 visits/mo
0.1 miles
Berkot's Super Foods
Groceries
13,300 visits/mo
0.2 miles
Speedway
Shops & Services
11,367 visits/mo
0.1 miles
Dunkin' Donuts
Dining
6,473 visits/mo
0.1 miles
Whitmore Ace Hardware
Home Improvements & Furnishings
5,953 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Conventional restaurants in Will County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A one-story restaurant property features licensed video gaming and 44 surface parking spaces.
Where is this conventional restaurant located?
The property is located at 1030 E 9th St Lockport, IL.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 5,200‑square‑foot, one‑story freestanding restaurant building; 0.52‑acre site with 44 surface parking spaces; Licensed video gaming area
