16610 W 159th Street # 103 Lockport, IL ^$ 700,000

16610 W 159th Street # 103

^$ 700,000

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16610 W 159th Street # 103

Lockport, IL, 60441

^$ 700,000

Bedrooms-- Baths-- Sq 4,000

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Property for Rent in Lockport, IL

for $700,000. This 4,000 square foot property was built in 2006.

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).

Rental Active

Price

^$ 700,000

Taxes

^$ 8,719

Style

Office

Year Built

2006

Town/City

Lockport

County/Region

Will

MLS | Web ID

12440771

Features

General

Cooling Central Air

Zoning OFFIC

Construction Materials Brick

Year Built 2006

Electric Circuit Breakers

Stories Count 1

Township Lockport

Unit Number 103

Property Subtype Office

Tax Year 2024

Current Use Office

Gross Income 72000

County Will

Net Operating Income 55000

Operating Expense 17000

Property Type Commercial Sale Office/Tech

Status Active

Directions 159th St between Farrell & Gouger Rd North side.

City Lockport

MLS Area Homer / Lockport

Lot Size Square Feet 0

Tax Annual Amount 8719

Additional Parcels Y/N N

Leasable Area 4000

Lease Type Gross

Standard Status Active

Cap Rate 8

Exterior

Foundation Details Concrete Perimeter

Building Area Total 4000

Lot Dimensions 0000

* Excluded Features

List By

Century 21 Circle

Broker

mike@mccattyrealestate.com;mike@mccattyrealestate.com

Nearby

Trends
Schools

About Lockport, IL

24,992 Population

50% Since 2002

^$76,400 Median Income

38.01 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/20/2025	$700,000		Listed Price

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16610 W 159th Street # 103, Lockport, IL, 60441 is a Property for Rent at $700,000 with 4,000 sqft. 16610 W 159th Street # 103 was built in 2006. The property's zip code is 60441 which is in Lockport, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Data is updated as of 12/20/2025.

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16610 W 159th Street # 103

Property for Rent in Lockport, IL

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