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    16732 159 St Lockport, IL 60441

    Sponsored
    For Lease
    $20 SF/Yr ($6,033 /Mo)

    Prime Retail/Office/Medical Building, 3620 SF

    Lot size:
    3,620 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 3,620 square foot, free-standing retail building, constructed in 2006, offers a unique opportunity in Lockport, Illinois. Located near the 159th Street exit of I-355, this all-brick building boasts excellent visibility and accessibility. Previously used as a bank, the property features drive-thru lanes and windows, ideal for various businesses. Low Will County taxes contribute to a favorable operating environment. The building benefits from prominent monument signage and ample parking at both the front and rear. Shared access with a Walgreens location from two roads ensures high traffic flow. The strategic location provides immediate access to I-355, placing the property within easy reach of a large customer base. Surrounded by a dense concentration of national retailers including Walmart, Aldi, Jewel, Starbucks, and McDonald's, this location guarantees high visibility and foot traffic. Furthermore, its proximity to Lockport Township High School, Lewis University, and Downtown Lockport expands its market reach. This property presents a rare combination of prime location, convenient amenities, and strong surrounding demographics, making it an exceptional investment opportunity.

    Property Features for 16732 159 St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,620 SF
    Total Rate
    6033.33

    Building Details

    Year Built
    2006

    Unit(s) available at that property

    Space
    Size
    3,620 SF
    Rate per SF
    $20

    HighLights

    • 3,620 SF free‑standing retail building constructed in 2006 in Lockport, IL.
    • Excellent visibility and accessibility near I‑355's 159th Street exit.
    • Features drive‑thru lanes and windows, previously a bank.
    • Low Will County taxes and ample front & rear parking.
    • High traffic flow via shared access with Walgreens from two roads.
    • Strong surrounding demographics with nearby national retailers (Walmart, Aldi, Jewel, etc.) and educational institutions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Nail Salon Kitchen & Bath Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Will
    State
    Illinois
    Longitude
    -88.0251116
    Latitude
    41.5982747

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail/Office/Medical Building, 3620 SF
    Where is this individual retail property located?
    The property is located at 16732 159 St Lockport, IL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 3,620 SF free-standing retail building constructed in 2006 in Lockport, IL.; Excellent visibility and accessibility near I-355's 159th Street exit.; Features drive-thru lanes and windows, previously a bank.
    Request Owner's contact information
    16732 159 St Lockport, IL 60441
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    Lockport, IL 60441
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16732 159 St Lockport, IL 60441
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