$ 1,498,500
16624 W 159th Street Lockport, IL 60441
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$ 1,498,500
Est. payment | /mo
8,100 SqFt
$ 1,498,500
Est. payment | /mo
8,100 SqFt
Key Details
Property Type Commercial
Sub Type Office/Tech
Listing Status Active
Purchase Type For Sale
Square Footage 8,100 sqft
Price per Sqft $185
MLS Listing ID 12205169
Year Built 2005
Annual Tax Amount $21,932
Tax Year 2023
Lot Dimensions 115X120
Property 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.
Location
State IL
County Will
Zoning OFFIC
Interior
Cooling Central Air, Central Individual
Fireplace N
Exterior
View Y/N true
Roof Type Composition
Building
Foundation Concrete Perimeter
Structure Type Brick
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Madison Watson • Olivieri Real Estate LLC
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Bohdan Zhukotanskyy
Agent | License ID: 475197907