Technical
Financial
Distress signals
Property profile

15249 159Th St Lockport, IL 60441

OFF-MARKET
Land
4.92 ac lot
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Property summary

AI-generated overview

This exceptional 4.92-acre commercial land parcel presents a unique investment opportunity in Lockport, Illinois. Strategically located on 159th Street, it boasts 585 feet of frontage on 159th Street and an additional 354 feet of frontage on Leach Avenue. The property is zoned for commercial use and enjoys a highly visible location just one mile from the I-355 exit, ensuring excellent accessibility and exposure to a substantial daily traffic volume exceeding 17,000 vehicles. Its position in unincorporated Homer Township, between Lockport and Homer Glen, offers a blend of suburban convenience and strategic commercial potential. A key advantage is the relative lack of immediate retail competition; when exiting I-355 eastbound, motorists encounter only one gas station before reaching this property, with minimal retail options for over a mile in either direction. This scarcity of established businesses creates a prime opportunity for a variety of commercial ventures, making it an ideal site for businesses seeking high visibility and minimal competition. The asking price for this exceptional property is $700,000. The property's size, location, and zoning make it an attractive investment for developers and businesses alike.

Property profile

Verified
Property type Land
Lot 4.92 ac (214,315 SF)

Cap rate & NOI

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

Location

15249 159Th 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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