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    16732 159 St Lockport, IL 60441

    For Sale
    $1,200,000

    Prime Retail Space, Excellent Location

    Property size:
    3,620 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional freestanding retail building, totaling 3,620 square feet on a 0.87-acre lot, presents a remarkable investment opportunity in Lockport, Illinois. Located at 16732 W 159th St, this 2006-built, single-story property boasts a highly desirable location at the intersection of I-355 and 159th Street/Farrell Road, benefiting from excellent highway access and proximity to numerous national retailers including Walgreens (with shared ingress/egress). The all-brick building is exceptionally well-maintained and features 21 parking spaces, two covered drive-thru lanes, and a prominent monument sign, making it ideal for a variety of uses, including restaurant or medical facilities. Previously used as a bank, this owner/user or investor opportunity is surrounded by a strong tenant base, including Walmart, Aldi, Jewel, Starbucks, and McDonald's. Its convenient location near Lockport Township High School, Lewis University, and downtown Lockport ensures high visibility and accessibility. The asking price is $1,200,000, translating to $331.49 per square foot. The property is currently vacant.

    Property Features for 16732 159 St

    General Information

    Property type
    Restaurants
    Square Feet
    3,620 SF
    Lot Size
    37,897 SF

    Building Details

    Year Built
    2006
    Stories
    1

    HighLights

    • $1,200,000 asking price for a 3,620 SF retail building in Lockport, IL.
    • Excellent location at I‑355 & 159th Street/Farrell Road, near many national retailers, including Walgreens (shared access).
    • Free‑standing, all‑brick building with 21 parking spaces, two drive‑thru lanes, and monument signage.
    • Suitable for owner‑user or investor; previously a bank, well‑maintained.
    • Strong surrounding national tenants (Walmart, Aldi, Jewel, Starbucks, McDonald's) and proximity to Lockport Township High School, Lewis University, and Downtown Lockport.
    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?
    Restaurant - Prime Retail Space, Excellent Location
    Where is this restaurant located?
    The property is located at 16732 159 St Lockport, IL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price for a 3,620 SF retail building in Lockport, IL.; Excellent location at I-355 & 159th Street/Farrell Road, near many national retailers, including Walgreens (shared access).; Free-standing, all-brick building with 21 parking spaces, two drive-thru lanes, and monument signage.
    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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