602-604 7Th St Lockport, IL 60441
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.