Property for Sale: 16624 W 159th, Lockport, IL 60441

$1,498,500
$1,498,500
16624 W 159th, Lockport, IL 60441
$1,498,500
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Price:
$1,498,500

Type Commercial
Year Built 2005

City Lockport
County Will

MLS 12205169
Status Active
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.

Lot & Building Features

Construction Brick
Cooling Central Air, Central Individual
Tax Year 2023
Lot Dimensions 115X120 ft

Price History of 16624 159th, Lockport, IL

Date Name Price Difference
12/31/1969 Listing Price $1,498,500 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Tom OConnor
Tom OConnor
Broker
Direct: 708-237-7790
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Olivieri Real Estate LLC, Madison Watson & Jacqueline Montvidas
$
20%
1%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

16624 159th (MLS #12205169) is a commercial listing located in Lockport, IL. This property was listed on 11/11/2024 and has been priced for sale at $1,498,500.

Nearby zip codes are 60432, 60439, 60442, 60451 and 60491. This property neighbors other cities such as Homer Glen, Joliet, Lemont, Manhattan and New Lenox.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Olivieri Real Estate LLC