Financial
Distress signals
Property profile

16624 159th St Ste 601 Lockport, IL 60441

OFF-MARKET
Commercial real estate
Property ID
US28-5706157
8,137 SF 0.32 ac lot
Last sale Aug 2019 · $775,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 8,100 square foot office condo in Lockport, Illinois, presents a compelling investment opportunity. Strategically located on West 159th Street with excellent visibility and convenient access to I-355, this property is part of a well-maintained seven-building association. The main level boasts 8,100 square feet of usable space, encompassing twelve offices, a breakroom, a vestibule, and eight restrooms. An additional 4,050 square feet of usable space and 4,050 square feet of…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$22k
Tax billed · 2023
Assessed value$255k
Assessed land$18k
Assessed improvement$237k
Effective rate8.60%

Value estimate

· Sep 2026
$385k
$347k – $424k
AI approach$385k
Submarket $/SF estimate$500k

Realmo valuation models over county records and 17 qualifying comparable sales.

Recently sold

What actually traded nearby?
$157/SF
County average, outlier-cleaned · 497 recorded sales of this use type
Observed band · Q1–Q3$82 – $255
Qualifying comparables17

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWILL

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency20.0
Wholesale Shop19.0
Building Supply16.4

Location

16624 159th St Ste, Unit 601 Lockport, IL 60441-8017
County assessor Recorded deeds · 4 transfers 17 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1035 State, Lockport, IL 60441-3437 $55,000 Jan 2026 No data
327 State, Lockport, IL 60441-2973 $311,000 Dec 2025 No data
711 State, Lockport, IL 60441-3062 $550,000 Dec 2025 No data
536 Parkview, Lockport, IL 60441-4470 $1,250,000 Oct 2025 No data
809 State, Lockport, IL 60441-3449 $850,000 Sep 2025 No data
14363 Archer, Lockport, IL 60441-7485 $864,000 Sep 2024 5,373 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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