16250 159Th St Lockport, IL 60441
- Land
- 18.61 lot acres
Current Use by Public Records
- Land
Property Details for 16250 159Th St
- Lot size
- 18.61 lot acres
- Property type
- Land
Description
This exceptional 18.61-acre commercial land parcel presents a remarkable development opportunity in Lockport, Illinois. Strategically located along I-355, this property boasts a highly desirable C-3 zoning designation, permitting a wide range of commercial uses, including general commercial, mixed-use, and retail developments. The existing zoning even includes approval for extra building height, offering increased development flexibility. The property's address is 16250 W 159th St, Lockport, IL 60441, with APN 16-05-18-400-012. Its prime location provides unparalleled access to major transportation arteries, ensuring high visibility and convenient access for potential tenants and customers. Furthermore, the possibility of multi-family rezoning adds another layer of potential for future development. This presents a unique chance to capitalize on the growing demand for both commercial and residential spaces in the area. The property benefits from the comparatively low tax rates associated with Will County, Illinois, making it an even more attractive investment. The asking price for this exceptional development opportunity is $2,651,000. Don't miss this chance to acquire a highly sought-after commercial land parcel with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lockport
- County
- Will
- State
- Illinois
- Longitude
- -88.014
- Latitude
- 41.6021
