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301 S State Street Lockport, IL $ 229,000
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$ 229,000 Get more info
301 S State Street
$ 229,000
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301 S State Street

Lockport, IL, 60441
$ 229,000
Bedrooms-- Baths-- Sq 1,945
301 S State Street, Lockport, IL 60441 - Image 1
301 S State Street, Lockport, IL 60441 - Image 2
301 S State Street, Lockport, IL 60441 - Image 3
301 S State Street, Lockport, IL 60441 - Image 4
301 S State Street, Lockport, IL 60441 - Image 5
301 S State Street, Lockport, IL 60441 - Image 6
301 S State Street, Lockport, IL 60441 - Image 7
301 S State Street, Lockport, IL 60441 - Image 8

Property for Rent in Lockport, IL

for $229,000. This 1,945 square foot property was built in 1961 on a lot size of 0.455326.

Prime downtown commercial investment opportunity in Lockport, Illinois featuring a long-term, well-established tenant currently operating a successful catering/restaurant business (business not included in sale). This highly visible property benefits from an average annual daily traffic count of approximately 14,600 vehicles, offering excellent exposure and consistent customer flow. Zoned C-2, the site supports a wide range of commercial uses and is ideally located just under one-half mile north of 9th Street. The existing lease is in place through May 31, 2027, providing immediate, stable income for investors. An EPA No Further Remediation (NFR) letter is on file, offering additional peace of mind. A solid opportunity for investors seeking a well-positioned, income-producing asset in a thriving downtown corridor.

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Rental Pending

Price

$ 229,000

Taxes

$ 3,149

Style

Commercial

Lot Size

0.455326

Year Built

1961

Town/City

Lockport

County/Region

Will

MLS | Web ID

12539062
Features
General
Cooling Central Air
Possession Tenant's Rights
Zoning COMMR
Construction Materials Brick Wood
Year Built 1961
Electric Circuit Breakers
Tenant Pays Electricity Insurance Repairs Sewer All Utilities Trash Collection
Stories Count 1
Township Lockport
Tax Year 2024
Current Use Commercial
Gross Income 29700
Assoc Fee Paid Per Not Applicable
County Will
Net Operating Income 23436
Operating Expense 6254
Insurance Expense 4000
Property Type Commercial Sale Retail/Stores
Status Pending
Directions Property located 1/4 mile north of the intersection of State St. and 9th St
City Lockport
Number Of Units Total 1
MLS Area Homer / Lockport
Lot Size Square Feet 19834
Tax Annual Amount 3149
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Leasable Area 1945
Lease Type Modified Gross
Standard Status Pending
Cap Rate 10
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 1945
Lot Dimensions 130x140x130x140
Frontage Type City Street
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* Excluded Features
List By
Re/Max Ultimate Professionals

Broker

danielcondon89@gmail.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/1/2026$229,000 Listed Price

Map

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301 S State Street, Lockport, IL, 60441 is a Property for Rent at $229,000 with 1,945 sqft and a lot size of 0.455326. 301 S State Street was built in 1961. The property's zip code is 60441 which is in Lockport, IL

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