Lockport, IL 60441 1016 State Street

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Presented By: Vylla Home
  • MLS# 12165319
  • 09/16/2024
  • Request Tour
  • Request Info

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Exceptional Investment Opportunity Prime Downtown Lockport Property Seize a rare chance to own a remarkable asset in the heart of Downtown Lockport. This impressive three-story brick building, located at 1016 State St., was constructed in 2023 and offers a unique blend of luxury and versatility in an unbeatable location. The property features four modern, high-end residential rentals alongside a flexible storefront/office space, making it an ideal investment opportunity. Fully leased, the building ensures immediate returns and is perfect for investors seeking a turnkey solution with a strong tenant base in both the residential and commercial sectors. Key Features: Four Sophisticated units: Thoughtfully designed with contemporary finishes, offering residents a luxurious living experience. Storefront/Office Space: An obvious commercial space that provides excellent exposure, perfect for retail or office use. Just steps away from the train station and close to major highways and Lewis University, ensuring easy accessibility for tenants and clients. This is your opportunity to invest in a high-yield, prime-location property that promises immediate cash flow and long-term value. Don't let this opportunity slip away-secure a top-tier asset in one of Lockport's most vibrant areas.
Presented By: Vylla Home

Interior Features for 1016 State Street

Other Interior Features

Total Fireplaces

General for 1016 State Street

Additional Parcels Y/NNo
CityLockport
Construction MaterialsBrick
CoolingCentral Air, Wall Sleeve
CountyWill
Directions3 miles south of I-355 at Archer Ave.
ElectricCircuit Breakers
Electric Expense
Fuel Expense
Gross Income146904
Insurance Expense3509
Lot Size Square Feet3300
MLS AreaHomer / Lockport
Net Operating Income102523
Number Of Units Total5
Operating Expense44380
PossessionClosing
Possible UseCommercial
Property SubtypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
Standard StatusActive
StatusActive
Stories3
Tax Annual Amount27209
Tax Year2023
Tenant PaysElectricity
Total Actual Rent4270
TownshipLockport
Trash Expense780
Virtual TourClick here
Water Sewer Expense2400
Year Built2023
ZoningMULTI

Exterior for 1016 State Street

Lot Dimensions55X95

Additional Details

Price History

Client Care

Price $1,900,000
MLS#12165319
List Date 09/16/2024
Property Type Commercial
Phone 847.485.2500
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