15940 Gougar Rd, Lockport, IL

Listing office John Greene Commercial m***@johngreenecommercial.com Show Phone

Listing date Aug 7, 2025

Source Moodyscre

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 John Greene Commercial

Report an issue

---

Overview

This land assemblage is located at the southeast corner of the 159th Street interchange and I-355 in Lockport, Illinois. The site includes four residential parcels totaling approximately 6.39 acres, making it suitable for commercial redevelopment. Three parcels are in unincorporated Homer Glen and are ready for annexation to Lockport as part of the I-355 Corridor Master Plan. One parcel is already annexed into Lockport, providing continuity for future annexation. An electric substation on 0.23 acres could be relocated for redevelopment according to the I-355 Corridor master plan.

Suggested Use

Spa & Massage Center Pharmacy Skin Care Clinic Hair Salon Discount Store Electrical Service Clothing & Fashion Store (Bike/Boat/Book/etc) Store Nail Salon Tech Support Center

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

Location Insight

• Map
• Local Demand

City

Lockport

County

Will

State

Illinois

Longitude

-88.0578

Latitude

41.5895

Nearby Similar for Sale

• 

  $1,000,000

  Corner Retail Plaza with Mixed Tenancy

  Four-unit retail plaza offers a mix of leased and vacant spaces with convenient access and parking at a corner intersection.

  1513 S State Street, Lockport, IL 60441

  View Details
• 

  $510,000

  Rebuilt Two-Unit Residential Income Property

  Two rebuilt 2-bedroom units with separate utilities, tenant laundry, and included kitchen appliances reduce owner operating complexity.

  1236 S Washington Street, Lockport, IL 60441

  View Details
• 

  $843,000

  Historic Two-Story Brick Building

  A modernized brick building in downtown Lockport with flexible interior space and rear parking for up to 10 cars.

  921 S State Street, Lockport, IL 60441

  View Details
• 

  $700,000

  Lockport Commercial Land For Sale

  4.92 acre commercial land available in Lockport, Illinois.

  15249 W 159th Street, Lockport, IL 60441

  View Details
• 

  $599,000

  Lockport Multifamily Investment Opportunity

  Five-unit residential property near train, downtown, and highways.

  1709 S State Street, Lockport, IL 60441

  View Details
• 

  $1,998,000

  Commercial Development Land

  Commercially zoned land near the I-355 interchange, positioned across from Lockport Square Shopping Center for new retail development.

  16360 W. 159th Street, Lockport, IL 60441

  View Details
• 

  $950,000

  Lockport Retail Development Site

  Retail development site in Lockport's retail corridor.

  1050 E 9th St, Lockport, IL 60441

  View Details
• 

  $1,599,999

  Three-Story Brick Mixed-Use Building

  Three-story brick building with four residential rentals and a storefront/office space, fully leased.

  1016 State Street, Lockport, IL 60441

  View Details
• 

  $1,599,999

  Three-Story Brick Mixed-Use Building

  Three-story brick building with four residential rentals and a storefront/office space, fully leased for immediate occupancy.

  1016 State Street, Lockport, IL 60441

  View Details
• 

  Contact for pricing

  Commercial Restaurant Property

  Restaurant-oriented commercial site for sale, zoned COMMR, at 1500 S State Street in Lockport.

  1500 S State Street, Lockport, IL 60441

  View Details
• 

  $914,760

  Commercial Land in Lockport, Illinois

  9.5 acres of fully developed commercial land for sale.

  1.4 Acres S Archer Avenue, Lockport, IL 60441

  View Details
• 

  $1,110,780

  Commercial Land in Lockport, Illinois

  9.5 acres of fully developed commercial land for sale.

  1.7 Acres S Archer Avenue, Lockport, IL 60441

  View Details

FAQs

What type of property is this?

Land - Prime land for commercial redevelopment near I-355 interchange.

Where is this land located?

The property is located at 15940 Gougar Rd Lockport, IL.

What is the asking price?

The asking price for this property is $3,620,000.

What are key features of this property?

This property features: Prime location at the southeast corner of the 159th St interchange and I‑355.; Total land assemblage of 6.39± acres.; Ideal for commercial redevelopment.