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Four-Unit Retail Shopping Center
For Sale
$1,000,000

1513 S State Street, Lockport, IL 60441

Corner retail plaza with two occupied units and two available for leasing or owner use.

Property Size12,251 SF
Days on Market282

Property Features for 1513 S State Street

General Information

Standard status Active
Size 12,251 SF
Property subtype Commercial
Zoning COMMR
Occupancy 50%

Additional Details

Corner Location Yes

Taxes and HOA fees

Annual Taxes $16,627

Building Details

Building Size 12,251 SF
Year Built 1987
Stories 1
Units 4
Tenancy Multi
Listing Agency: Exit Real Estate Specialists
Listed By: Melanie Aranda · License #475147387
Source: Midwestrealestate
Added: Nov 4, 2025 Changed: Aug 12 Last Checked: Aug 12 at 6:00AM

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.

This shopping center at 1513 S State Street comprises four retail units totaling 9,048 square feet. Constructed in 1987, the property is positioned at the corner of State Street and Division Street in Lockport. Two suites are occupied by a pizza restaurant and a neighborhood liquor store, while the remaining two units are vacant. The property is zoned COMMR and includes on-site parking with access from the surrounding streets. Vacant spaces may be shown by appointment; access to occupied units varies with customer traffic and business operations. The configuration supports continued retail occupancy, including potential owner-user use of available space.

Key Highlights

  • Four‑unit retail plaza totaling 9,048 square feet
  • Two occupied units: pizza restaurant and neighborhood liquor store
  • Two vacant units available for leasing or owner use

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

50%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

622
Businesses Nearby
36k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 78% Dining 20% Home Improvements & Furnishings 2%
Speedway Shops & Services
12,020 visits/mo 0.2 miles
Dunkin' Donuts Dining
5,434 visits/mo 0.1 miles
Mobil Shops & Services
5,104 visits/mo 0.5 miles
Old National Bank Shops & Services
3,864 visits/mo 0.1 miles
Shell Shops & Services
3,272 visits/mo 0.1 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 plaza with two occupied units and two available for leasing or owner use.
Where is this shopping center located?
The property is located at 1513 S State Street 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 totaling 9,048 square feet; Two occupied units: pizza restaurant and neighborhood liquor store; Two vacant units available for leasing or owner use
More about this property
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