Active · For Sale · Retail/Stores

1513 S State Street, Lockport, IL 60441

MLS opportunity selected in connection with 1325 E 159th St, Lockport, IL 60441

MLS #12501074

1513 S State Street, Lockport, IL 60441
1513 S State Street, Lockport, IL 60441CRER
1513 S State Street, Lockport, IL 60441

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1513 S State Street, Lockport, IL 60441

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The property

Executive summary

Corner 4-unit retail plaza located at the high-traffic intersection of State St and Division St in Lockport. Two units currently leased to established tenants - a popular pizza restaurant and a neighborhood liquor store. A mix of occupied and vacant units ideal for immediate income + future upside. High visibility, easy access, ample parking and stable surrounding businesses create the perfect location for long-term investment success. Great potential for owner-user or investor. Strong traffic counts and growing area make this a solid long-term asset. Two units are vacant and can typically be shown at any time with appointment. Two units are occupied and access depends on customer traffic and business activity-availability may vary. Second PIN 1104233230040000 holds other three properties 1525, 1527, 1529 S. State St. 9, 048 sq. ft.

Investor Resource

Property Intelligence

Financial Snapshot

Annual Taxes
$16,627 (2024)

Property Details

Units
4
Building Size
12,251 SF
Lot Size
3,555 SF
Lot Dimensions
3555
Stories
1
Year Built
1987
Zoning
COMMR
Parcel Number
1104233230050000

Operations & Utilities

Heating
Heat Pump
Cooling
Central Individual
Electric
Service - 101 to 200 Amps

Location & Use

County
Will
Market Area
Homer / Lockport
Present Use
Commercial, Medical/Dental

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.