Commercial Development
For Sale
$1,998,000
16360 W 159th Street, Lockport, IL 60441
Commercially zoned land near the I-355 interchange, positioned across from Lockport Square Shopping Center for new retail development.
Property SizeContact for details
Lot Size2.00 Acres
Days on Market150
Property Features for 16360 W 159th Street
General Information
Standard status
Active
Lot size
2.00 Acres
Property subtype
Land
Zoning
commercial
Additional Details
Highway Access
Yes
Listing Agency:
Caton Commercial Real Estate Group
Listed By:
Matthew Maul · License #475156204
(708) 289-8912
Source:
Catoncommercial
Added: Jun 2
Changed: Oct 25
Last Checked: Oct 28 at 7:33AM
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 Caton Commercial Real Estate Group
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Investment Insights
Based on property information with market context.
This offering presents a 2-acre parcel of commercial land zoned for commercial use, with the flexibility to support new retail development. The site’s configuration is straightforward for planning and layout, and it is presented as a clean opportunity for an owner or developer seeking a purpose-built commercial location.
The property is located on 159th St. (Route 7) in Lockport, IL, just off the I-355 interchange. It also sits across from Lockport Square Shopping Center, placing it in an established retail corridor where customers already shop and drive-through traffic is supported by nearby commercial activity. The seller notes low Will County taxes, which may be an important factor for longer-term operating and development planning.
For tenants, buyers, and operators, the commercial zoning and prominent road frontage make this parcel well-suited for a range of retail concepts, subject to approvals and final site plan requirements. Its access to major regional routes and proximity to an existing shopping center can help support visibility and customer convenience for an incoming development.
The property is located on 159th St. (Route 7) in Lockport, IL, just off the I-355 interchange. It also sits across from Lockport Square Shopping Center, placing it in an established retail corridor where customers already shop and drive-through traffic is supported by nearby commercial activity. The seller notes low Will County taxes, which may be an important factor for longer-term operating and development planning.
For tenants, buyers, and operators, the commercial zoning and prominent road frontage make this parcel well-suited for a range of retail concepts, subject to approvals and final site plan requirements. Its access to major regional routes and proximity to an existing shopping center can help support visibility and customer convenience for an incoming development.
Key Highlights
- 2 acres of land zoned for commercial use on 159th St. (Route 7)
- Located just off the I‑355 interchange
- Across from Lockport Square Shopping Center
Property Analytics
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Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
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Business Placement
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
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercially zoned land near the I-355 interchange, positioned across from Lockport Square Shopping Center for new retail development.
Where is this commercial land located?
The property is located at 16360 W 159th Street Lockport, IL.
What is the asking price?
The asking price for this property is $1,998,000.
What are key features of this property?
This property features: 2 acres of land zoned for commercial use on 159th St. (Route 7); Located just off the I‑355 interchange; Across from Lockport Square Shopping Center
