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    15249 159 St Lockport, IL 60441

    Sponsored
    For Sale
    $700,000

    4.92 Acres, High Traffic, I-355 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4.92-acre commercial land parcel presents a unique investment opportunity in Lockport, Illinois. Strategically located on 159th Street, it boasts 585 feet of frontage on 159th Street and an additional 354 feet of frontage on Leach Avenue. The property is zoned for commercial use and enjoys a highly visible location just one mile from the I-355 exit, ensuring excellent accessibility and exposure to a substantial daily traffic volume exceeding 17,000 vehicles. Its position in unincorporated Homer Township, between Lockport and Homer Glen, offers a blend of suburban convenience and strategic commercial potential. A key advantage is the relative lack of immediate retail competition; when exiting I-355 eastbound, motorists encounter only one gas station before reaching this property, with minimal retail options for over a mile in either direction. This scarcity of established businesses creates a prime opportunity for a variety of commercial ventures, making it an ideal site for businesses seeking high visibility and minimal competition. The asking price for this exceptional property is $700,000. The property's size, location, and zoning make it an attractive investment for developers and businesses alike.

    Property Features for 15249 159 St

    General Information

    Property type
    Land
    Lot Size
    214,315 SF

    HighLights

    • $700,000 asking price.
    • 4.92‑acre commercial land parcel.
    • Commercially zoned.
    • High‑traffic location: 17,000+ vehicles daily, one mile from I‑355 exit.
    • Excellent visibility: 585 feet of frontage on 159th Street and 354 feet on Leach.
    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 - 4.92 Acres, High Traffic, I-355 Access
    Where is this land located?
    The property is located at 15249 159 St Lockport, IL.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: $700,000 asking price.; 4.92-acre commercial land parcel.; Commercially zoned.
    (815) 320-2600
    Request Owner's contact information
    15249 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
    15249 159 St Lockport, IL 60441
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