16624 W 159th St - Office FOR SALE


Lockport, IL 60441
$1,498,500 USD
708-719-3444
16624 W 159th St, Lockport, IL for Sale
$1,498,500 USD
Office - FOR SALE
1/1
null | Request Cap Rate

16624 W 159th St
Lockport, IL 60441


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,498,500 USD

PRICE/SF

$185 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,957 SF

ZONING

C3

APN/PARCEL ID

05-18-305-048

ASK ABOUT THIS PROPERTY

Jacqueline MontvidasOlivieri Real Estate, LLCMore Info
708-719-3444

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Jacqueline MontvidasOlivieri Real Estate, LLCMore Info
708-719-3444

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