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    13141 High Rd Lockport, IL 60441

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    13141 High Rd Lockport, IL 60441

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    • Alt. Energy / Solar Land
    For Sale
    $6,000,000
    View Listing →
    20 Acres Cleared Land Available For Sale
    $6,000,000
    20.00 Acres

    20 Acres Cleared Land Available

    20 acres of cleared A-1 zoned land for sale.

    13141 High Rd, Lockport, IL 60441
    View Listing
    Property ID
    US28-1390466
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Alt. Energy / Solar Land

    Property Details for 13141 High Rd

    Property type
    Alt. Energy / Solar Land
    Property subtype
    Industrial land

    Description

    Land Available For Sale. T his exceptional property offers 20 acres of cleared land with A-1 zoning and transferable special use, presenting an ideal setting for heavy equipment storage, recreational vehicles, construction materials, and solar facility development. Positioned within close proximity to I-355 via two full interchanges, the location ensures seamless accessibility. Boasting a current design with 630 (40'x12') spots, this property holds immense potential as a storage facility or for manufacturing purposes. Governed by Will County, the pricing is subject to offer, presenting a compelling prospect for industrial investors seeking a strategic and versatile asset.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Will
    State
    Illinois
    Longitude
    -88.0463457
    Latitude
    41.6469387

    Comparable in this City

    • Contact for pricing

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    • $893,335
      18.65 Acres

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      18.65 acres of land suitable for development in Lockport, IL.
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      177,724 SF

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      Commercial Lots in Lockport Plaza

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      20 Acres Cleared Land Lockport

      20 acres of cleared land ideal for storage or manufacturing.
      13247 High Rd, Lockport, IL 60441
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    Similar Nearby for Sale

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      Land with Frontage on Archer

      Land with immediate access to I-355 in Lockport, IL.
      14884 N State St, Lockport, IL 60441
      View Details
    • $893,335
      18.65 Acres

      Lockport Land for Development

      18.65 acres of land suitable for development in Lockport, IL.
      163Rd St, Lockport, IL 60441
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      177,724 SF

      Unincorporated Land Parcel in Lockport

      Land banking opportunity near upcoming residential development and I-355.
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      Lockport Retail Development Site

      Retail development site in Lockport's retail corridor.
      1050 E 9Th St, Lockport, IL 60441
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      Prime Commercial Corner Lot

      4.92 acre commercial corner lot in Lockport, Illinois.
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      Commercial Lots Near I-355

      Improved commercial lots near I-355 interchange with strong demographics.
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    Similar Nearby for Lease

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      Retail Build-to-Suit Opportunity

      Retail space for rent in Lockport, Illinois.
      16101 Farrell Rd, Lockport, IL 60441
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    • $20 SF/Yr
      3,620 SF

      Lockport Retail Space - I-355 Access

      Prime Retail/Office/Medical Building, 3620 SF
      16732 159 St, Lockport, IL 60441
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      Retail Space in Lockport Market

      Small retail space with excellent visibility and co-tenancy.
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      Lockport Distribution/Industrial Space Available

      Distribution and industrial properties available for rent in Lockport, IL.
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      1,500 SF

      Retail Space in Planned Development

      Retail property available for lease in Lockport, Illinois.
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      Retail Space in Multi-Tenant Building

      Small retail space available for rent in Lockport, Illinois.
      West 159 St, Lockport, IL 60441
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    Lockport, IL 60441
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    13141 High Rd, Lockport, IL, 60441

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