16732 West 159 St Lockport, IL 60441
For Lease
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This 3,620 square foot, free-standing retail building, constructed in 2006, offers a unique opportunity in Lockport, Illinois. Located near the 159th Street exit of I-355, this all-brick building boasts excellent visibility and accessibility. Previously used as a bank, the property features drive-thru lanes and windows, ideal for various businesses. Low Will County taxes contribute to a favorable operating environment. The building benefits from prominent monument signage and ample parking at both the front and rear. Shared access with a Walgreens location from two roads ensures high traffic flow. The strategic location provides immediate access to I-355, placing the property within easy reach of a large customer base. Surrounded by a dense concentration of national retailers including Walmart, Aldi, Jewel, Starbucks, and McDonald's, this location guarantees high visibility and foot traffic. Furthermore, its proximity to Lockport Township High School, Lewis University, and Downtown Lockport expands its market reach. This property presents a rare combination of prime location, convenient amenities, and strong surrounding demographics, making it an exceptional investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.