Lockport, IL 60441,16624 W 159th Street
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Lockport, IL 60441,16624 W 159th Street
Listed by Jacqueline Montvidas • Olivieri Real Estate LLC
Bought with Brianne Vandenberg • Keller Williams Preferred Rlty

$1,325,000

Est. payment /mo

$1,498,500

11.6%
Est.Price: ?

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16624 W 159th Street Lockport, IL 60441

8,100 SqFt

SOLD DATE : 08/28/2025

Key Details

Sold Price $1,325,000

Property Type Commercial

Sub Type Office/Tech

Listing Status Sold

Purchase Type For Sale

Square Footage 8,100 sqft

Price per Sqft $163

MLS Listing ID 12205169

Sold Date 08/28/25

Year Built 2005

Annual Tax Amount $21,932

Tax Year 2023

Lot Dimensions 115X120

Property Sub-Type Office/Tech

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

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agent

Bruce Glazer

+1(765) 914-8199

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