Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    16732 W 159 St Lockport, IL

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Newer construction retail property in a transit-oriented location.

    Property size:
    3,620 SF
    Lot size:
    0.79 Acres

    Property Features for 16732 W 159 St

    General Information

    Size
    3,620 SF
    Lot size
    0.79 Acres

    Source: Brookline Real Estate Agent Bill Lundy

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

    Overview

    Retail Property in Lockport, IL

    This newer construction retail property is located in Lockport, Illinois, a Chicago suburb. The free-standing, all-brick building, formerly a bank, contains 3,620 square feet and is situated on approximately 0.87 acres. The property is located at the northeast corner of 159th Street and Farrell Road, with immediate access to I-355. It benefits from its location among numerous national retailers and is directly adjacent to Walgreens, sharing ingress and egress. Additional developments are currently underway in the vicinity, including a new car dealership. The property has been remarkably maintained and offers 21 total parking spots in front and rear lots, accessible from two streets and the adjacent Walgreens. It features two covered drive-thru lanes and a monument signage structure, making it suitable for restaurant or medical uses. The asset is surrounded by national tenants, including Walmart, Aldi, Jewel, Starbucks, Walgreens, and McDonald’s. It is also in close proximity to Lockport Township High School, Lewis University, and Downtown Lockport, making it ideal for either an owner/user or investor.
    Location Intelligence

    Current Use by Public Records

    Banks

    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

    Nearby Similar for Sale

    • $1,749,000

      Downtown Lockport Mixed-Use Investment

      New construction mixed-use property with residential and commercial spaces.
      1016 State St, Lockport, IL 60441
      View Details
    • $340,000
      0.23 Acres

      Lockport Income Property with Garage

      Three-unit property with a six-car garage near downtown Lockport.
      327 S State St, Lockport, IL 60441
      View Details
    • New
      $289,900
      Pending

      Lockport Two-Unit Income Property

      Two-unit property in Lockport, Illinois, with investment potential.
      1108 E 9Th St, Lockport, IL 60441
      View Details
    • $299,900
      1,370 SF

      Lockport Commercial Building For Sale

      Three-unit commercial building near I-355 and downtown Lockport.
      14400 S Archer Ave, Lockport, IL 60441
      View Details
    • $389,900
      2,470 SF

      Lockport Mixed-Use Commercial Property

      Mixed-use property in prime Lockport location, ideal for various businesses.
      704 E 9Th St, Lockport, IL 60441
      View Details
    • New
      $1,200,000
      12,251 SF

      Lockport Retail Plaza For Sale

      Four-unit retail plaza with income potential in high-traffic location.
      1513 S State St, Lockport, IL 60441
      View Details

    FAQs

    What type of property is this?
    Bank - Newer construction retail property in a transit-oriented location.
    Where is this bank located?
    The property is located at 16732 W 159 St Lockport, IL.
    What are key features of this property?
    This property features: - Strong, transit-oriented location in Lockport, a Chicago suburb, with immediate access to I-355.; - Freestanding, well-maintained, all-brick building, formerly a bank.; - Located adjacent to Walgreens with shared ingress/egress and surrounded by national retailers.
    (630) 590-5910
    Request Owner's contact information
    16732 W 159 St Lockport, IL
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16732 W 159 St
    Lockport, IL
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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 W 159 St Lockport, IL
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.