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Property profile

12331 159Th St Lockport, IL 60491

OFF-MARKET
Land
14.24 ac lot
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Property summary

AI-generated overview

This exceptional 14.24-acre property in Lockport, Illinois, presents a unique dual-zoned development opportunity. The site boasts 4.61 acres of commercially zoned land (C1), offering approximately 200,811 square feet suitable for retail or commercial ventures. This area is conveniently located on 159th Street, just west of South Will/Cook Road, providing easy highway access. Additionally, 9.63 acres are zoned for residential use (A1), encompassing roughly 419,482 square feet ideal for single-family home construction. The property is surrounded by existing single-family homes on three sides, creating a desirable residential setting. The 2022 property taxes totaled $7,893.24. This prime location offers developers a chance to create a mixed-use development or focus solely on either commercial or residential projects. The property's address is 12331 W 159th St, Lockport, IL 60491, with APN 1605242000020000. The asking price is $2,102,700. This is a rare chance to acquire a substantial parcel of land with significant development potential in a growing area. The property's zoning allows for flexibility in development plans, making it an attractive investment for discerning buyers. The convenient location and access to major roadways further enhance its appeal. Bring your vision and collaborate with the village to realize the full potential of this exceptional property.

Property profile

Verified
Property type Land
Lot 14.24 ac (620,294 SF)

Cap rate & NOI

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

Location

12331 159Th St Lockport, IL 60491
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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