$1,498,500
( $185.00Per Sq Foot )
 $8,044 est/mo Sourced by Back At You

16624 W 159th Street , Lockport, IL 60441

Lockport, IL 60441

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Description

This 8,100 SF office building in Lockport offers an exceptional investment opportunity with excellent visibility and easy access to I-355. Located in a well-maintained 7-building association, the property features 12 offices, a breakroom, a vestibule, 8 restrooms, and 8,100 SF of usable space on the main level, plus an additional 4,050 SF of usable space on the lower level and 4,050 SF of storage. The roof and HVAC systems are well-maintained, and the recently seal-coated parking lot enhances both value and curb appeal. Currently leased to a long-term tenant for several more years, the property provides a stable income stream. With low Will County taxes, a prime location near new developments along 159th Street, and a strong tenant in place, this is an ideal opportunity for investors seeking a solid, income-producing asset with long-term potential. Don't miss the chance to secure this well-located office building in a rapidly growing area.

Details

MLS#12205169
Listing TypeFor Sale
StyleOffice Building
Sub-TypeResale
StatusActive
Year2005
Days On Site95
Listing Provided ByOlivieri Real Estate LLC | Madison Watson

Features

SQ Feet8,100
Story(s)1
Units4
ZoningOFFIC

Market Activity 60441

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Listings Checked: 1 hour ago
StateIL
CountyWill
CityLockport
Zip Code60441
AreaHomer | Lockport
Listing VS Median (in 60441)
Price:
$1,498,500
low | high
Med:
$390,990
100% of Average
SqFt:
8,100
low | high
Med:
1,840
100% of Average
$ / SqFt:
$185
low | high
Med:
$212
35.138072855464% of Average
On Site:
95
low | high
Med:
35.000000
100% of Average
Sourced by Back At You
Listing Updated: December 13, 2024 at 3:44:15 PM PST