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Renovated Mixed-Use Building
For Sale
$3,000,000

201 W 10th St, Lockport, IL 60441

Mixed-use property with five apartments and four office spaces, recently renovated with new roof and HVAC completed in 2025.

Property Size36,183 SF
Lot Size1.37 Acres
Price / SF$82.91
Days on Market54

Property Features for 201 W 10th St

General Information

Standard status Active
Size 36,183 SF
Class A
Lot size 1.37 Acres
Property subtype Commercial
Net Operating Income $238,412

Units

Multifamily Units 5
Office Units 4

Additional Details

Cap Rate 4.9%

Building Details

Building Size 36,183 SF
Year Renovated 2025
Units 9
Listed By: Sofia Sowske · License #475.217423 (IL)
Source: Matthews
Added: Jul 18 Changed: Sep 3 Last Checked: Sep 9 at 5:15AM

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 Sofia Sowske

Investment Insights

Based on property information with market context.

This recently renovated mixed-use property at 201 W 10th St in Lockport, IL includes five apartments and four office spaces within a historic building. The property has been improved with modern Class A interiors and underwent substantial capital work, including a new roof and HVAC in 2025.

The offering totals 36,183 SF on 1.37 acres. It presents a single building configuration combining residential units and dedicated office spaces, supported by recent renovations and large-scale 2025 upgrades.

Key Highlights

  • Mixed‑use building with 5 apartments and 4 office spaces
  • Recently renovated 1850 historic building with modern Class A interiors
  • Total size of 136,183 SF on 1.37 acres

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Pharmacy Spa & Massage Center Electrical Service Skin Care Clinic Hair Salon (Bike/Boat/Book/etc) Store

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

4
Office units
5
Residential units

Location Intelligence

Trade Area within ½ mile

636
Businesses Nearby

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?
Apartment building - Mixed-use property with five apartments and four office spaces, recently renovated with new roof and HVAC completed in 2025.
Where is this apartment building located?
The property is located at 201 W 10th St Lockport, IL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Mixed‑use building with 5 apartments and 4 office spaces; Recently renovated 1850 historic building with modern Class A interiors; Total size of 136,183 SF on 1.37 acres
More about this property
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