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Four-Unit Corner Retail Plaza
For Sale
$1,000,000

1513 S State St, Lockport, IL 60441

Corner retail property with two occupied units, two available spaces, and on-site parking.

Property Size12,251 SF
Price / SF$81.63
Days on Market38

Property Features for 1513 S State St

General Information

Standard status Active
Size 12,251 SF

Additional Details

Corner Location Yes

Building Details

Year Built 1987
Tenancy Multi
Listing Agency: Exit Real Estate Specialists
Listed By: Melanie Aranda · License #475147387
Source: Liveliferealty
Added: Jul 23 Changed: Aug 29 Last Checked: Aug 25 at 5:02AM

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 Exit Real Estate Specialists

Investment Insights

Based on property information with market context.

Built in 1987, this four-unit retail plaza occupies a corner position at State St and Division St. The property includes a combination of occupied and vacant units, with two spaces currently leased to a pizza restaurant and a neighborhood liquor store. Two additional units are available for leasing or owner occupancy.

The property offers direct access from a high-traffic intersection, strong street exposure, and on-site parking. Its surrounding business environment includes established local operations, supporting a practical setting for retail uses. Showings for the vacant units are available by appointment, while access to the occupied spaces varies with customer activity and business operations.

Key Highlights

  • Four‑unit retail plaza at the corner of State St and Division St
  • Two occupied units: a pizza restaurant and neighborhood liquor store
  • Two vacant units available for leasing or owner occupancy

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Pharmacy Auto Parts Store Spa & Massage Center Electrical Service Skin Care Clinic Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

554
Businesses Nearby
5k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Mobil Shops & Services
5,104 visits/mo 0.3 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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Corner retail property with two occupied units, two available spaces, and on-site parking.
Where is this shopping center located?
The property is located at 1513 S State St Lockport, IL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Four‑unit retail plaza at the corner of State St and Division St; Two occupied units: a pizza restaurant and neighborhood liquor store; Two vacant units available for leasing or owner occupancy
More about this property
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