1240-1250 E 9th Street Lockport, IL ^$ 750,000

1240-1250 E 9th Street

^$ 750,000

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1240-1250 E 9th Street

Lockport, IL, 60441

^$ 750,000

Bedrooms-- Baths-- Sq 6,000

1240-1250 E 9th Street, Lockport, IL 60441 - Image 1

1240-1250 E 9th Street, Lockport, IL 60441 - Image 2

1240-1250 E 9th Street, Lockport, IL 60441 - Image 3

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1240-1250 E 9th Street, Lockport, IL 60441 - Image 5

1240-1250 E 9th Street, Lockport, IL 60441 - Image 6

1240-1250 E 9th Street, Lockport, IL 60441 - Image 7

1240-1250 E 9th Street, Lockport, IL 60441 - Image 8

Property for Rent in Lockport, IL

for $750,000. This 6,000 square foot property was built in 1966 on a lot size of 0.366162.

Great investment property, Well cared for Brick and Masonry retail storefront building of +/- 6000 sq ft. consisting of two current built-out units (1/2 and 1/2 split operated and leased to Smoke Shop and Restaurant) but formerly was set up as 4-5 units. the Western unit offers 3 separate bathrooms and 3 separate sets up utilities, but the wall partitions have been opened up and removed. the east unit has been set up as a Restaurant, with rear kitchen area, 2 front bathrooms, ceramic tile flooring, built in bar area, cooler areas, private offices, exposed ceilings, custom light fixtures and roof mounted roof mounted HVAC for that unit., with the western unit leased to a smoke shop which offers newer laminate flooring, newer wall coverings, exposed ceiling. 20-22 parking spaces dedicated handicap space and rear paved area as well. Street signage in frontage on 9th St,

Rental Active

Price

^$ 750,000

Taxes

^$ 10,477

Style

Retail

Lot Size

0.366162

Year Built

1966

Town/City

Lockport

County/Region

Will

MLS | Web ID

12531820

Features

General

Cooling Central Air Central Individual

Utilities Electric to Site Natural Gas Available Sewer Connected

Possession Tenant's Rights

Zoning RTAIL

Construction Materials Brick Block

Year Built 1966

Electric Circuit Breakers Separate Meters

Tenant Pays Air Conditioning Electricity Heat Janitorial Service Insurance Repairs Sewer Varies by Tenant

Stories Count 1

Township Lockport

Tax Year 2024

Current Use Commercial

Gross Income 79050

Business Type Retail

Assoc Fee Paid Per Not Applicable

County Will

Net Operating Income 63573

Operating Expense 5000

Insurance Expense 2000

Property Type Commercial Sale Retail/Stores

Status Active

Directions I 355 to 159th St exit west to property 159th St aka 9th st smoke shop and Oasis Restaurant in strip center

City Lockport

Number Of Units Total 2

MLS Area Homer / Lockport

Lot Size Square Feet 15950

Tax Annual Amount 10477

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N Y

Leasable Area 0

Lease Type Modified Gross

Standard Status Active

Cap Rate 8.5

Interior

Flooring Varies

Exterior

Water Source Municipal Water

Foundation Details Concrete Perimeter

Building Area Total 6000

Lot Dimensions 110x145

Frontage Type City Street

* Excluded Features

List By

Re/Max 10

Broker

brucelaha@gmail.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
12/12/2025	$750,000		Listed Price

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1240-1250 E 9th Street, Lockport, IL, 60441 is a Property for Rent at $750,000 with 6,000 sqft and a lot size of 0.366162. 1240-1250 E 9th Street was built in 1966. 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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1240-1250 E 9th Street

Property for Rent in Lockport, IL

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