1044 E 9th St - Restaurant FOR SALE


Lockport, IL 60441
$600,000 USD
630-853-1313
1044 E 9th St, Lockport, IL for Sale
$600,000 USD
Restaurant - FOR SALE
1/29
null | Request Cap Rate

1044 E 9th St
Lockport, IL 60441


HIGHLIGHTS

  • Hard-corner location with signalized intersection and full access to 9th Street.
  • Approximately 0.77 acres with 218 feet of frontage along a major retail corridor.
  • Surrounded by national brands including McDonald’s, Dunkin’, Subway, and PNC Bank.
  • Just 1.4 miles from the I-355 interchange, providing excellent regional access.
  • Flexible C-2 Community Commercial zoning allows for multiple development options.
  • Existing improvements include a 4,684 SF restaurant

OVERVIEW

Sold in conjunction with neighboring property. $950,000 is total sale price for both. Hard corner with stoplight surrounded by national brand co-tenancy in the heart of Lockport's east retail corridor on 9th Street (AKA 159th Street & Route 7). 14,000 vehicles per day pass this site along 9th Street, which is the main artery connecting Downtown Lockport to the I-355 interchange (just 1.4 miles away). Close to 10,000 people live within a 1 mile radius. The property enjoys ideal visibility, and is directly across the street from McDonalds, Ace Hardware, Dunkin, and many other national retailers, banks and services businesses, including the post office, Planet Fitness, PNC Bank, US Bank, and many others. This property is being marketed in conjunction with the neighboring home ($350,000) both of approximately .39 acres, totaling .77 acres (33,541 SF). The western parcel incorporated in the City of Lockport, and is improved with a 4,684 SF restaurant building. The eastern parcel is currently unincorporated, and is improved with a single family home of approximately 3,000 (3-bed, 1-bath).

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$128 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

CROSS STREETS

Lock Lane

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

C-2

APN/PARCEL ID

11-04-24-110-022

ASK ABOUT THIS PROPERTY

Peter KarlisTroy RealtyMore Info
630-853-1313

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Peter KarlisTroy RealtyMore Info
630-853-1313

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