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Property profile

602-604 7Th St Lockport, IL 60441

OFF-MARKET
Land
0.84 ac lot
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Property summary

AI-generated overview

This exceptional 0.84-acre commercial land parcel presents a unique investment opportunity in the heart of downtown Lockport, Illinois. Situated at the corner of East 7th Street and 9th Street, this property boasts 159 feet of frontage, offering unparalleled visibility and exposure. The site comprises two contiguous lots, allowing for the potential assembly of a larger, more expansive development. Its prime location offers easy access to I-355, just 1.8 miles away, ensuring excellent connectivity and accessibility for potential businesses and customers. The property is zoned for mixed-use development, opening doors to a variety of possibilities, including retail, hotel, or restaurant ventures. This strategic location, combined with the substantial lot size and high visibility, makes this an ideal site for a significant commercial development. Furthermore, the property benefits from low Will County taxes, making it a financially attractive proposition. This is a rare chance to acquire a highly visible and versatile commercial land parcel in a thriving downtown area. The unobstructed corner view provides exceptional branding opportunities for any future development. Don't miss this chance to capitalize on this prime Lockport location.

Property profile

Verified
Property type Land
Lot 0.84 ac (36,590 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

602-604 7Th St Lockport, IL 60441
Lockport metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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