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Updated Medical Office Condo
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16618 W 159th St, Lockport, IL 60441

Versatile healthcare suite with exam rooms, private offices, therapy space, and additional finished and storage areas.

Property SizeContact for details
Days on Market143

Property Features for 16618 W 159th St

General Information

Standard status Active
Property subtype Office
Listing Agency: Olivieri Real Estate LLC
Listed By: Jackie Montvidas · License #IL 705768
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 2:51PM

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 Olivieri Real Estate LLC

Investment Insights

Based on property information with market context.

This medical office condominium combines a patient-facing main level with functional lower-level improvements. The 4,050-square-foot primary floor includes reception and waiting areas, six exam rooms equipped with sinks, three private offices, four private restrooms, and an open room currently used for physical therapy and yoga. Finished lower-level space adds 1,000 square feet with two offices and a breakroom; approximately 3,000 square feet of additional lower-level storage is also available. The property was updated in 2018, and a new AC/furnace was installed in 2023. Some furnishings are included.

The property offers on-site parking and views toward surrounding natural areas. Creekside Centre Association of Lockport includes seven professional buildings and is located minutes from I-355, with numerous retail establishments nearby.

Key Highlights

  • 4,050 SF main level with reception, six exam rooms, three offices, four restrooms, and open therapy space
  • 1,000 SF finished lower level with two private offices and a large breakroom
  • Approximately 3,000 SF of additional lower‑level storage

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Dental Office Building Supply Real Estate Agency HVAC Service Hair Salon Storage Facility

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

Location Intelligence

Trade Area within ½ mile

39
Businesses Nearby
Well-served
Demand for This Use

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Versatile healthcare suite with exam rooms, private offices, therapy space, and additional finished and storage areas.
Where is this medical office space located?
The property is located at 16618 W 159th St Lockport, IL.
What are key features of this property?
This property features: 4,050 SF main level with reception, six exam rooms, three offices, four restrooms, and open therapy space; 1,000 SF finished lower level with two private offices and a large breakroom; Approximately 3,000 SF of additional lower‑level storage
More about this property
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