This Property is no longer advertised on Showcase.com.
Off Market
1/48

1000 S State St
Lockport, IL 60441


HIGHLIGHTS

  • Heavy Car Counts
  • Central Location
  • Nearby Train Station
  • Nearby Highways (I355 & I 55)

OVERVIEW

As of 1-17-2022 Multiple offers have been received.! Highest & Best offers are Due by Wednesday, January 26th, 2022 @ 5:00pm. See "OFFER INSTRUCTIONS" Document for Submitting OFFERS !***Email to Jeremy.Vitell@BairdWarner.com*** | *SERIOUS BUYERS please submit offers ASAP. Seller is awaiting Insurance Company's approval to entertain the best offer! **SEE ADDITIONAL DOCS TAB FOR OPERA HOUSE Façade Rendering that the CITY would like this to revert back to. ***ATTN FIRE AT THIS PROPERTY, ALL WHO ENTERS NEEDS TO SIGN A WAIVER OF "LIABILITY/HOLD HARMLESS" Document before entering the property. ***NOW ACCEPTING OFFERS PENDING INSURANCE INVESTIGATION & CITY APPROVAL, CASH ONLY & AS-IS! NEW WATER MAIN INSTALLED ! "The Lockport Office Building" is a three-story Mixed Use Building situated in the Heart of the Historic District of Downtown Lockport. The Building has 8 Units on the Second and Third Floors totally 16 units. The The property consists of a 9,760 square foot site with a masonry-constructed structure that contains a gross building area of 8,420 square feet. This C4 Zoned district allows for many uses (Apartments, Condos, Office, are potential uses!) as the City of Lockport is investing in over 10 Million Dollars to the improvements. The MAIN LEVEL has been GUTTED and has 11' HIGH CEILINGS and may be perfect for a (***SEE VIRTUALLY STAGED PHOTOS of MAIN LEVEL***) - BANQUET HALL, BAR, BREWERY, DAY CARE, RESTAURANT on FIRST FLOOR CORNER UNIT with REAR & SIDE PATIO (Village May Allow), additionally there is an INSIDE STAIRWAY to FULL BASEMENT with potential for Dry Storage ONLY, OR MANY OTHER BUSINESS TYPES, so BRING YOUR CREATIVE BUSINESS OPPORTUNITY IDEAS! ***NOTE - The City of Lockport COMPLETED THE LARGEST DOWNTOWN PARKING LOT directly BEHIND this building with 40 Standard Parking Stalls with 4 ADA Handicapped Stalls. The I355 Corridor Expansion with the METRA TRAIN to Chicago now available is key to the future for more business potential return on YOUR INVESTMENT. Additional Detailed Documents Available Upon Signing NDA. NOW is the time to INVEST IN LOCKPORT !!! This city has many Grants available to enhance your investment. Contact listing agent for a private showing, SERIOUS CASH BUYERS ONLY! contact listing agent for a private showing!

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY NAME

Lockport Office Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Bar, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

13176

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1882

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.21 AC AC

LAND SF

9,148 SF

ZONING

-

APN/PARCEL ID

04-23-326-001