423 N State St - Light Manufacturing FOR SALE


Lockport, IL 60441
$1,850,000 USD
815-524-4179
423 N State St, Lockport, IL for Sale
$1,850,000 USD
Light Manufacturing - FOR SALE
1/8
null | 5.5% Cap Rate

423 N State St
Lockport, IL 60441


OVERVIEW

EXCEPTIONAL COMMERCIAL OPPORTUNITY HIGH-TRAFFIC - LOCKPORT LOCATION This recently renovated, turnkey commercial facility offers approximately 9,500 square feet of versatile space on a prominent corner location with over 1 million annual traffic count. Recent comprehensive improvements make this an ideal investment for businesses seeking immediate occupancy with minimal setup costs. PROPERTY / Zoned B-2 / Apprx. .75 Acre Site IDEAL USES: Automotive & Transportation Car Dealership - showroom space with service capabilities Motorcycle Dealership - perfect size and layout Restuarant / Bar Collectible Car Storage - secure, climate-controlled environment Man Cave / Private Office Private Office Grow Operation Location & Accessibility: Prominent intersection location Archer & New Ave with exceptional visibility. Over 1 million annual traffic count - prime exposure. Dual street access with 4 separate driveways. New intersection stop light and beautification project beginning Summer 2025. Located in Will County with favorable tax rates. Building Specifications: 9,500 total square feet (8,000 clear span). 0.75-acre commercial lot with room for expansion. B2 zoning with guard resident permit. 200+ person occupancy rating. Fully sprinklered OH-2 coverage for maximum safety compliance. Recent Major Improvements: New TPO membrane roof with 8" additional insulation. Complete HVAC system replacement. Updated electrical throughout. Energy-efficient LED lighting (building and lot). New men's and women's restrooms. Quarry tile flooring for durability and easy maintenance. Technology & Infrastructure: Fiber optic main line on premises - rare suburban amenity. High-speed internet installed. Monitored fire and burglar alarm systems. 5 independent carbon-based air filtration units. Functional Features: 60+ private parking spaces - exceeds most municipal requirements. 200+ person occupancy. Fully fenced and secure lot. Semi dock with lift gate and overhead door. Straight dock with overhead door. 2 front-facing overhead door sections (available). 20+ person outdoor patio area. Office & Amenities: Three private offices (11' x 12' each). Large conference room/office/storage area. Kitchenette and bar area. Professional layout ideal for client meetings. Operating Advantages: Low Will County real estate taxes. Low monthly utility costs due to energy efficiency improvements. 90 day occupancy ready. Minimal tenant improvement costs. OTHER IDEAL USES Technology & Storage: Private Data Center Suite - fiber optic ready with redundant power. Tier 2 or 1 Data Center - multiple access points and secure lot. Healthcare & Professional Services: Healthcare Facility - ample parking and accessibility compliance. Construction Office - with equipment storage and a staging area. Retail & Hospitality Restaurant/Bar - full commercial kitchen capability. Convenience Store - high traffic location. Boutique Grocery/Specialty Retail Store - loading docks and large clear span. FINANCIAL BENEFITS: Will County location offers significant tax advantages over Cook County. Energy-efficient systems reduce operational costs. Turnkey condition minimizes tenant improvement expenses. High visibility location reduces marketing costs. Ample parking eliminates common suburban challenges. UPCOMING IMPROVEMENTS: Summer 2025: Intersection stop light installation and beautification project will further enhance visibility and traffic flow, adding long-term value to the property underway and completion date of summer 2026. SCHEDULE YOUR SHOWING TODAY This exceptional property combines location, functionality, and value in a way that's rare in today's market. The comprehensive recent improvements, combined with the prime location and upcoming municipal enhancements, make this an outstanding opportunity for immediate occupancy or long-term investment. Contact us today to schedule a private showing and discuss lease or purchase terms. Professional property remodeling, management, and leasing services are available. Property shown by appointment only. Brokers welcome.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$195 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Manufacturing

ADD'L SUBTYPES

Auto Dealership, Storefront, Showroom

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

12 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

62

LAND DETAILS

LAND ACRES

0.75

LAND SF

32,670

ZONING

C-2 Central Commercial

APN/PARCEL ID

11-04-14-406-004

ASK ABOUT THIS PROPERTY

William EgbertProfectus CapitalMore Info
815-524-4179

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William EgbertProfectus CapitalMore Info
815-524-4179

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