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    16343 W 159 St Lockport, IL

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    For Lease
    Contact for pricing

    Retail space available near established businesses and residential developments.

    Property size:
    7,220 SF
    Lot size:
    2.54 Acres

    Property Features for 16343 W 159 St

    General Information

    Size
    7,220 SF
    Lot size
    2.54 Acres

    Source: Mid-America Real Estate Group Agent Dick Spinell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space Near I-355 Interchange

    This retail space is located on 159th Street, near Panera, MOD Pizza, Chipotle, and Popeyes, and is shadow-anchored by Walmart and Jewel/Osco. Multi-tenant outlot opportunities are available. A Jeep/Dodge/Chrysler dealership is scheduled to open in 2022. The property is adjacent to the I-355 interchange, which has a traffic volume of over 47,000 vehicles per day. In the last four years, 506 new housing units have been built in the area. There are also new residential developments planned to build 269 single homes and 374 luxury apartments and townhomes. The property offers a total size of 7,220 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Will
    State
    Illinois
    Longitude
    -88.057837
    Latitude
    41.5894752

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      Lockport Retail Space - I-355 Access

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      I-355 Corridor Warehouse Sublease

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      Retail Outlot Opportunities Available

      Outlot opportunities next to national retailers, shadow-anchored by Walmart & Jewel/Osco.
      159 W St, Lockport, IL
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available near established businesses and residential developments.
    Where is this retail space located?
    The property is located at 16343 W 159 St Lockport, IL.
    What are key features of this property?
    This property features: - Adjacent to I-355 interchange with over 47,000 VPD; - Shadow-anchored by Walmart & Jewel/Osco; - Final outlot opportunities on 159th next to Panera, MOD Pizza, Chipotle & Popeyes
    (630) 954-7300
    Request Owner's contact information
    16343 W 159 St Lockport, IL
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    Lockport, IL
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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
    16343 W 159 St Lockport, IL
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