Technical
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Property profile

15202 159Th St Lockport, IL 60491

OFF-MARKET
Land
25 ac lot
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Property summary

AI-generated overview

This exceptional 40-acre parcel, located at 15202 W 159th St in Homer Glen, Illinois (zip code 60491), presents a unique investment opportunity. Situated in Will County, this high-profile property boasts 652 feet of frontage and enjoys convenient access to I-355, ensuring excellent visibility and accessibility. Currently zoned for agriculture and residential use, the land offers significant potential for commercial development. Public water and sewer services are available via an annexation agreement with the Village of Homer Glen. This property is part of a larger vision for commercial growth in the area, making it an attractive prospect for developers. A proposed turn lane off 159th Street further enhances its accessibility. An adjacent 20-acre parcel zoned residential is also available for purchase, offering expansion possibilities. The asking price for this strategically located 40-acre tract is $2,509,000. The property's latitude and longitude coordinates are 41.602351 and -87.989339 respectively. This is a rare opportunity to acquire a significant land holding in a rapidly developing area.

Property profile

Verified
Property type Land
Lot 25 ac (1,089,000 SF)

Cap rate & NOI

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

Location

15202 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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