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Property profile & analytics
FOR LEASE
Commercial real estate

16732 West 159 St Lockport, IL 60441

3,227 SF 0.87 ac lot
Individually Owned Absentee Owner Free & Clear
Property ID
US28-3265257
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 3,227 SF
Lot 0.87 ac (37,897 SF)
APN 16-05-18-305-034
UPID US28-3265257
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$610k
CAP Approach CAP
$755k
Comparable Approach Comparable
$601k
Blend (final) Blend
$630k
Owner & transaction history
Not Rovided
Not Rovided
since 2025
Last sale
$655,000
6 recorded transactions
2025
Price N/A
2025
Price N/A
2024
Price N/A
2022
$655,000
2005
$770,000
2003
$600,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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