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    1260 159 St Lockport, IL 60441

    For Sale
    $399,000

    High-visibility lot, ready to build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional .98-acre commercial lot in Lockport, Illinois, presents a remarkable investment opportunity. Located at 1260 W 159th St, 60441, this property boasts a prime location within Lockport's burgeoning new development zone, ensuring high visibility and accessibility. The lot is already zoned C3, simplifying the development process. All utilities are conveniently in place, along with an existing asphalt parking lot, saving significant time and expense on infrastructure development. The property comprises four lots with four separate PIN numbers, offering flexibility for various development scenarios. Its strategic position provides easy access to I-355, just half a mile away, enhancing its appeal to businesses and investors. This is a chance to capitalize on Lockport's thriving commercial sector and establish a successful enterprise in a high-traffic area. The asking price is $399,000. Don't miss this opportunity to build your vision in a prime Lockport location.

    Property Features for 1260 159 St

    General Information

    Property type
    Land
    Lot Size
    21,780 SF

    HighLights

    • $399,000 asking price.
    • .5 to .99‑acre commercial land parcel.
    • C3 zoning.
    • Located at 1260 W 159th St, Lockport, IL 60441.
    • High visibility in Lockport's new development area.
    • Utilities and asphalt parking lot in place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -88.0411993
    Latitude
    41.5945343

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    FAQs

    What type of property is this?
    Land - High-visibility lot, ready to build.
    Where is this land located?
    The property is located at 1260 159 St Lockport, IL.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: $399,000 asking price.; .5 to .99-acre commercial land parcel.; C3 zoning.
    (708) 301-4700
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    1260 159 St 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
    1260 159 St Lockport, IL 60441
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