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$ 440,000
Est. payment | /mo
3,750 SqFt
$ 440,000
Est. payment | /mo
3,750 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 3,750 sqft
Price per Sqft $117
MLS Listing ID 12171980
Year Built 1930
Annual Tax Amount $4,970
Tax Year 2023
Lot Dimensions 54.5 X 71.7 X 55.4 X 72
Property Description
Classic brick office building featuring art deco design elements in Historic Downtown Lockport. Busy corner location ideal for retail, benefiting from the Downtown Streetscape Plan with brick walkways, decorative planter, shade tree, shrubs and perennials along with the redone free municipal parking lot. Currently three units with separate mailing addresses and entrances, but could be converted to one or two units. All three units are occupied and leased below market rate, which is approx 16 SF/Y. Two units are leased to long-standing office tenants. Barrel roof construction (non-load bearing walls) allows for flexible, cost-effective reconfiguring of the units. No basement, insulated and accessible full-span attic. Many recent improvements including LED lighting throughout, comprehensive fire alarm system (2017), awnings, 3 furnaces, 2 A/C units, flooring and 2 bathroom remodels make this a desirable turnkey property. Be a part of the retail resurgence in beautiful Downtown Lockport.
Location
State IL
County Will
Area Homer / Lockport
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Retail/Stores
Level or Stories 1
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Listed by David Cihla • Cihla Realty LLC
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Sarah Leonard
Broker | Owner