131 E 9th St - Storefront FOR SALE


Lockport, IL 60441
$440,000 USD
773-590-4753
131 E 9th St, Lockport, IL for Sale
$440,000 USD
Storefront - FOR SALE
1/29
null | 6.74% Cap Rate

131 E 9th St
Lockport, IL 60441


HIGHLIGHTS

  • Heavy daily foot traffic, ideal for retail.

OVERVIEW

Classic brick office building featuring art deco design elements in Historic Downtown Lockport. Busy corner location ideal for retail, benefiting from the Downtown Streetscape Plan with brick walkways, decorative planter, shade tree, shrubs and perennials along with the redone free municipal parking lot. Currently three units with separate mailing addresses and entrances, but could be converted to one or two units. All three units are occupied, two units are leased to long-standing office tenants. Barrel roof construction (non-load bearing walls) allows for flexible, cost-effective reconfiguring of the units. No basement, insulated and accessible full-span attic. Many recent improvements including LED lighting throughout, comprehensive fire alarm system (2017), awnings, 3 furnaces, 2 A/C units, flooring and 2 bathroom remodels make this a desirable turnkey property. Be a part of the retail resurgence in beautiful Downtown Lockport.

FOR SALE DETAILS

PRICE

$440,000 USD

PRICE/SF

$134 USD /SF

CAP RATE

6.74%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

67

LAND DETAILS

CROSS STREETS

S Hamilton St.

LAND ACRES

0.1 AC

LAND SF

4,500 SF

ZONING

C-4

APN/PARCEL ID

04-23-325-022

ASK ABOUT THIS PROPERTY

David CihlaCihla Realty LLCMore Info
773-590-4753

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David CihlaCihla Realty LLCMore Info
773-590-4753

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.