16610 W 159th St - Office FOR SALE


Lockport, IL 60441
$700,000 USD
16610 W 159th St, Lockport, IL for Sale
$700,000 USD
Office - FOR SALE
1/49
null | 8% Cap Rate

16610 W 159th St
Lockport, IL 60441


OVERVIEW

Great investment potential! A one-story, all-brick office building with a full basement, featuring nine-foot ceilings and located on a high-traffic stretch off 159th. Generous parking available around the units. In a community of multi-use buildings and neighboring a new residential rental development. The property includes a vestibule entry into a lobby with adjacent reception area as well as side entry. 6 office areas, a wet bar and bathroom on the main. Elevator or staircase to finished basement with a large conference room, an eat-in kitchen, a bathroom, numerous closets and storage areas. It boasts high-efficiency central air conditioning and 80% efficient gas forced air. Conveniently walkable to Jewel, Walmart, Walgreens, and various dining options. A short drive to I-355, Currently rented through 11/2026 at $6,000 mo. (8% CAP rate).

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$88 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Building 7

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

-

APN/PARCEL ID

16-05-18-305-058-1001

ASK ABOUT THIS PROPERTY

Mike McCattyMike McCatty GroupMore Info

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Mike McCattyMike McCatty GroupMore Info

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