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Property profile & analytics
OFF-MARKET
Commercial real estate

24045 Lockport St Plainfield, IL 60544-1652

0.02 ac lot
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US28-1267356
Property summary
AI-generated overview

This exceptional 520-square-foot commercial property, located at 24045 W Lockport Street in Plainfield, IL, presents a rare opportunity to own a piece of downtown Plainfield history. Situated in the heart of the Historic District, this building, established in 1881, boasts a rich legacy as the location of The Lincoln Way Barber Shop for four generations. Its prime location ensures excellent walk-in traffic and a loyal customer base. The well-maintained building has undergone continuous updates throughout the years and is offered turn-key ready, allowing for immediate operation of a similar business. The existing layout includes three shampoo sinks and three barber stations, providing a functional and established workspace. A full basement adds significant storage or expansion potential. The property's adaptability makes it suitable for a variety of commercial uses. Low property taxes of $1381 annually contribute to its financial attractiveness. This is a unique chance to acquire a well-established, versatile commercial space in a thriving downtown area. The sale is an "as-is" transaction. The property sits on a 0-acre lot. The asking price is $300,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.02 ac (871 SF)
APN 06-03-16-210-003
UPID US28-1267356
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Lincoln Way Barber Shop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
T&a Plainfield LLC
T&a Plainfield LLC
since 2025
Last sale
$210,000
3 recorded transactions
2025
$210,000
2016
Price N/A
1999
$25,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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