1016 S State St - Apartments FOR SALE


Lockport, IL 60441
$2,000,000 USD
708-372-0505
1016 S State St, Lockport, IL for Sale
$2,000,000 USD
Apartments - FOR SALE
1/27
null | 5.25% Cap Rate

1016 S State St
Lockport, IL 60441


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$286 USD /SF

# OF UNITS

5

PRICE/UNIT

$400,000

CAP RATE

5.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Downtown Lockport IL

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,622 SF

ZONING

-

APN/PARCEL ID

11-04-23-326-019,11-04-23-326-022

ASK ABOUT THIS PROPERTY

Robert MillerVylla HomeMore Info
708-372-0505

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Robert MillerVylla HomeMore Info
708-372-0505

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.