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    159th St & Thornton St Lockport, IL 60441

    For Sale
    Contact for pricing

    Exceptional R&D & Retail lots in Lockport, IL.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    Lockport Crossings offers exceptional development opportunities in a thriving Will County location. This prime commercial property features several available lots ideal for research and development or retail uses, situated at the Northwest corner of 159th Street and Thornton Street in Lockport, Illinois, zip code 60441. Lot 5 encompasses 3.3 acres and is divisible to accommodate various project sizes, while Lot 6 offers 1.22 acres. Note that Lot 3 is currently under contract. The property boasts a strategic location, just half a mile west of the I-355 interchange at a newly installed stoplight intersection, ensuring high visibility and convenient access. All lots are fully improved with essential utilities, including sanitary sewer and water, and benefit from offsite detention systems. The strong local demographics provide a robust market for any development. A significant advantage is the parking lot easement, granting each lot access to 15% of its required parking spaces at no cost, utilizing the adjacent Advocate Medical Site's parking area. This unique feature significantly reduces development costs and enhances the overall value proposition. The area is anchored by established businesses such as Walmart, Jewel-Osco, Berkots, and Ace Hardware, creating a vibrant and successful commercial environment. This is a rare opportunity to acquire land in a high-demand location with exceptional infrastructure and strong market fundamentals.

    Property Features for 159th St & Thornton St

    General Information

    Property type
    Life science properties

    HighLights

    • Lockport Crossings - Lots available for sale, including a 3.3‑acre divisible lot (Lot 5) and a 1.22‑acre lot (Lot 6).
    • Located 0.5 miles west of I‑355 interchange at a new signalized intersection.
    • Lots are fully improved with sanitary sewer, water, and offsite detention.
    • Strong demographics.
    • Each lot benefits from a parking lot easement, providing 15% of required parking at no charge via the adjacent Advocate Medical Site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Life science properties

    Map

    City
    Lockport
    County
    Will
    State
    Illinois
    Longitude
    -88.0406573
    Latitude
    41.5974104

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    FAQs

    What type of property is this?
    Life science property - Exceptional R&D & Retail lots in Lockport, IL.
    Where is this life science property located?
    The property is located at 159th St & Thornton St Lockport, IL.
    What are key features of this property?
    This property features: Lockport Crossings - Lots available for sale, including a 3.3-acre divisible lot (Lot 5) and a 1.22-acre lot (Lot 6).; Located 0.5 miles west of I-355 interchange at a new signalized intersection.; Lots are fully improved with sanitary sewer, water, and offsite detention.
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    159th St & Thornton 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
    159th St & Thornton St Lockport, IL 60441
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