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16732 W 159th St

3,620 SF Retail Building Lockport, IL 60441 £946,800 (£262/SF)

Investment Highlights

  • Freestanding Building w/Drive-Thru
  • Immediate Access To I-355
  • Next To/Shares Access With Walgreens

Executive Summary

Brookline Real Estate, LLC. is proud to present the opportunity to acquire a newer construction retail property positioned in a strong, transit-oriented location in the Chicago suburb of Lockport.
16732 W 159th Street contains a total of 3,620 square feet on approximately 0.87 acres. Immediately accessible to I-355 at the northeast corner of 159th Street and Farrell Road, the building benefits greatly from its position among dozens of national retailers, and directly adjacent to Walgreens with shared ingress/egress. More nearby developments are currently being completed and underway including a new car dealership.
Perfect for either an owner/user or investor, the all-brick, free-standing former bank building has been remarkably-maintained and offers its visitors 21 total parking spots in front and rear lots accessible from two streets and the adjacent Walgreens. The property features two covered drive-thru lanes and a monument signage structure - ideal for restaurant or medical uses.
The asset is densely surrounded by national tenants: Walmart, Aldi, Jewel, Starbucks, Walgreens and McDonald's, and features close proximity to Lockport Township High School, Lewis University and Downtown Lockport.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
3,620 SF
Building Class
B
Year Built
2006
Price
£946,800
Price Per SF
£262
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Land Acres
0.87 AC
Zoning
C-3
Parking
30 Spaces (8.29 Spaces per 1,000 SF Leased)
Frontage
125 ft on 159th St

Amenities

  • Drive Thru
  • Monument Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 3,620 SF
  • Office/Retail
  • -
  • Now

Newer construction, all-brick, freestanding building available near 159th St exit from I-355 in Lockport, IL. Retail / Office / Medical uses welcome. Former bank use, drive-thru lanes and windows in place. Low Will County taxes. Shared access with Walgreens from two roads. Immediate access to I-355. Densely surrounded by national tenants: Walmart, Aldi, Jewel, Starbucks, McDonald's. Close proximity to Lockport Township High School, Lewis University and Downtown Lockport.

Space Size Space Use Position Available
1st Floor 3,620 SF Office/Retail - Now

1st Floor

Size
3,620 SF
Space Use
Office/Retail
Position
-
Available
Now

1st Floor

Size 3,620 SF
Space Use Office/Retail
Position -
Available Now

Newer construction, all-brick, freestanding building available near 159th St exit from I-355 in Lockport, IL. Retail / Office / Medical uses welcome. Former bank use, drive-thru lanes and windows in place. Low Will County taxes. Shared access with Walgreens from two roads. Immediate access to I-355. Densely surrounded by national tenants: Walmart, Aldi, Jewel, Starbucks, McDonald's. Close proximity to Lockport Township High School, Lewis University and Downtown Lockport.

Nearby Major Retailers

Chase Bank
Jewel-Osco
Starbucks
Fifth Third Bank
Mod Pizza
Noodles & Company
ALDI
Woodforest National Bank
PNC Bank
U.S. Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05-18-305-034
Land Assessment
£67,151
Improvements Assessment
£203,044
Total Assessment
£270,194
  • Listing ID: 28851168

  • Date on Market: 26/06/2023

  • Last Updated:

  • Address: 16732 W 159th St, Lockport, IL 60441

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