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    16732 159Th St Lockport, IL 60441

    Sponsored
    For Sale
    $1,200,000

    3,620 SF Retail Space, High Visibility

    Property size:
    3,620 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 3,620-square-foot retail building in Lockport, Illinois, presents a remarkable investment or owner-user opportunity. Situated on approximately 0.87 acres at the highly visible northeast corner of 159th Street and Farrell Road, this newer construction property enjoys immediate access to I-355. Its strategic location within a thriving retail corridor, directly adjacent to a Walgreens with shared ingress/egress, ensures high traffic and visibility. The all-brick, free-standing building, formerly a bank, is exceptionally well-maintained and offers 21 parking spaces conveniently accessed from two streets and the adjacent Walgreens lot. The property boasts two covered drive-thru lanes and a prominent monument sign, making it ideally suited for restaurant or medical uses. Surrounded by a dense concentration of national retailers including Walmart, Aldi, Jewel, Starbucks, and McDonald's, this property benefits from significant consumer traffic. Its proximity to Lockport Township High School, Lewis University, and Downtown Lockport further enhances its appeal. The property is priced at $1,200,000. Nearby developments, including a new car dealership, are currently underway, promising continued growth in the area. This is a rare opportunity to acquire a high-quality retail property in a prime, transit-oriented location.

    Property Features for 16732 159Th St

    General Information

    Property type
    Retail properties
    Square Feet
    3,620 SF

    Building Details

    Year Built
    2006
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Nail Salon Kitchen & Bath Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Will
    State
    Illinois
    Longitude
    -88.02513
    Latitude
    41.59829

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    FAQs

    What type of property is this?
    Retail property - 3,620 SF Retail Space, High Visibility
    Where is this retail property located?
    The property is located at 16732 159Th St Lockport, IL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    (630) 590-5910
    Request Owner's contact information
    16732 159Th St Lockport, IL 60441
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    Lockport, IL 60441
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16732 159Th St Lockport, IL 60441
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