Lockport, IL 60441 16624 W 159th Street
$1,498,500

Presented By: Olivieri Real Estate LLC
Home Details
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.
Presented By: Olivieri Real Estate LLC
General for 16624 W 159th Street
Additional Parcels Y/NNo
CityLockport
Construction MaterialsBrick
CoolingCentral Air, Central Individual
CountyWill
DirectionsI-355 to 159th Street exit ~ West to Adelmann ~ North to building
ElectricCircuit Breakers, Service - 101 to 200 Amps
Gross Income
Leasable Area8100
Lot Size Square Feet13844
MLS AreaHomer / Lockport
Net Operating Income
Number Of Units Total4
Operating Expense0
Possible UseCommercial
Property SubtypeCondominium
Property TypeCommercial Sale
Property TypeOffice/Tech
RoofComposition
Standard StatusActive
StatusActive
Stories1
Tax Annual Amount21932.88
Tax Year2023
Tenant PaysAir Conditioning, Electricity, Heat
Year Built2005
ZoningOFFIC
Exterior for 16624 W 159th Street
Building Area Total8100
Foundation DetailsConcrete Perimeter
Lot Dimensions115X120
Additional Details
Price History
