630-470-8268
16610 W 159th St, Lockport, IL for Sale
Medical CONDO - FOR SALE
1/49
null | Request Cap Rate

16610 W 159th St
Lockport, IL 60441


HIGHLIGHTS

  • Existing medical buildout includes four exam rooms and a procedure room.
  • Lead-lined x-ray room is already in place.
  • Located directly adjacent to Silver Cross Medical Group.
  • Open physical therapy area supports multiple healthcare specialties.
  • Minutes from Interstate 355 and the 159th Street interchange.
  • Available for purchase or lease beginning January 2027.

OVERVIEW

16610 W 159th Street presents an opportunity to acquire a fully built-out medical office condominium positioned along one of the southwest suburban Chicago region's established healthcare corridors. Located directly adjacent to Silver Cross Medical Group and within close proximity to Silver Cross Hospital's New Lenox campus, the property benefits from a healthcare-oriented setting that supports patient access, provider visibility, and referral connectivity. The two-level condominium is configured with existing medical improvements that can support a variety of healthcare and professional users. Current features include four exam rooms, a dedicated procedure room, a lead-lined x-ray room, an open physical therapy area, reception and waiting areas, an ADA-compliant restroom, staff kitchen and break area, private offices, and storage space. The existing layout may reduce the time and capital typically required for medical occupancy, creating potential value for owner-users, healthcare groups, and investors seeking a specialized healthcare asset. The property is situated along the 159th Street corridor, a primary east-west route connecting Lockport, Homer Glen, and New Lenox. Access to Interstate 355 is available within minutes, providing regional connectivity throughout the Chicago metropolitan area. The surrounding corridor includes healthcare providers, retail services, dining options, and neighborhood-serving businesses that support daily patient and employee needs. With existing medical infrastructure already in place and availability scheduled for January 2027, the condominium offers flexibility for future occupancy while benefiting from its location within an established healthcare concentration.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Building 7

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

8,000 SF

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

16-05-18-305-057

ASK ABOUT THIS PROPERTY

Doug PaulyLee & AssociatesMore Info
630-470-8268

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

Doug PaulyLee & AssociatesMore Info
630-470-8268

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