159th St & Thornton St Lockport, IL 60441
Lockport Crossings offers exceptional development opportunities in a thriving Will County location. This prime commercial property features several available lots ideal for research and development or retail uses, situated at the Northwest corner of 159th Street and Thornton Street in Lockport, Illinois, zip code 60441. Lot 5 encompasses 3.3 acres and is divisible to accommodate various project sizes, while Lot 6 offers 1.22 acres. Note that Lot 3 is currently under contract. The property boasts a strategic location, just half a mile west of the I-355 interchange at a newly installed stoplight intersection, ensuring high visibility and convenient access. All lots are fully improved with essential utilities, including sanitary sewer and water, and benefit from offsite detention systems. The strong local demographics provide a robust market for any development. A significant advantage is the parking lot easement, granting each lot access to 15% of its required parking spaces at no cost, utilizing the adjacent Advocate Medical Site's parking area. This unique feature significantly reduces development costs and enhances the overall value proposition. The area is anchored by established businesses such as Walmart, Jewel-Osco, Berkots, and Ace Hardware, creating a vibrant and successful commercial environment. This is a rare opportunity to acquire land in a high-demand location with exceptional infrastructure and strong market fundamentals.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.