Technical
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Property profile

159th St And Thornton St Lockport, IL 60441

OFF-MARKET
Land
6.63 ac lot
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Property summary

AI-generated overview

This exceptional 6.63-acre commercial land offering presents a unique investment opportunity in Lockport, Illinois. Strategically located at the intersection of 159th Street and Thornton Street, this property enjoys unparalleled visibility and accessibility. Situated just half a mile west of the I-355 interchange at a newly installed stoplight, ensuring high traffic volume and excellent exposure for any commercial venture. The lots are fully improved, featuring readily available sanitary sewer and water connections, along with off-site detention, eliminating costly infrastructure development. The strong demographics of the area further enhance the investment potential. A significant advantage is the parking lot easement, providing each lot with a 15% credit towards required parking spaces. This easement allows businesses to utilize parking at the adjacent DuPage Medical Group at no cost, significantly reducing development expenses and maximizing operational efficiency. This turnkey solution offers immediate development potential, making it an ideal location for a variety of commercial uses. The property's location in Will County, Illinois, with a zip code of 60441, provides easy access to major transportation routes and a thriving local community. This is a rare opportunity to acquire fully serviced commercial land in a high-demand area.

Property profile

Verified
Property type Land
Lot 6.63 ac (288,803 SF)

Cap rate & NOI

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

Location

159th St And Thornton 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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