921 S State St - Office FOR SALE


Lockport, IL 60441
$876,000 USD
708-808-0220
921 S State St, Lockport, IL for Sale
$876,000 USD
Office - FOR SALE
1/27
null | Request Cap Rate

921 S State St
Lockport, IL 60441


HIGHLIGHTS

  • Downtown historic district / municipal core
  • Fully updated fire protection, HVAC, electrical, plumbing systems
  • Private parking

OVERVIEW

Rare chance to own a standout State Street building in downtown Lockport's Historic District/Municipal Core, backing to Commerce St and the canal. This historic 6,264 sq ft brick, two-story property was built in 1936 as the Lockport Fire Department and later served as Lockport City Hall, having been fully modernized along the way with updated electrical, HVAC, fire protection, and elevator. Currently used as a non-profit office and retail headquarters, C4 Downtown Commercial zoning supports a range of uses, with ideal possibilities including restaurant or boutique retail on the main level, residential/office on the 2nd floor, and potential 3rd unit in the basement. Current layout includes main level vestibule, retail store with office and storage, conference room, safe/vault, and restrooms; upstairs several large offices, meeting rooms, and restrooms; full basement with large storage area that could be a 3rd unit facing Commerce Ave, plus elevator room and wet sprinkler system. Private parking lot for up to 10 cars in the rear, and recent facade/landscape improvements. Strong daily traffic exposure with AADT 11,900. Seller open to leasing back back a portion of office space.

FOR SALE DETAILS

PRICE

$876,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1936

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,074 SF

ZONING

C4

APN/PARCEL ID

11-04-23-317-006

ASK ABOUT THIS PROPERTY

Alex FenskeKeller Williams Preferred RealtyMore Info
708-808-0220

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Alex FenskeKeller Williams Preferred RealtyMore Info
708-808-0220

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