1016 State Street, Lockport, IL 60441
Will County
Key Facts
Description
**New Price** - Don't Miss This Deal Exceptional Investment Opportunity Prime Downtown Lockport Property Seize a rare chance to own a remarkable asset in the heart of Downtown Lockport. This impressive three-story brick building, located at 1016 State St., was constructed in 2023 and offers a unique blend of luxury and versatility in an unbeatable location. The property features four modern, high-end residential rentals alongside a flexible storefront/office space, making it an ideal investment opportunity. Fully leased, the building ensures immediate returns and is perfect for investors seeking a turnkey solution with a strong tenant base in both the residential and commercial sectors. Key Features: Four Sophisticated units: Thoughtfully designed with contemporary finishes, offering residents a luxurious living experience. Storefront/Office Space: An obvious commercial space that provides excellent exposure, perfect for retail or office use. Just steps away from the train station and close to major highways and Lewis University, ensuring easy accessibility for tenants and clients. This is your opportunity to invest in a high-yield, prime-location property that promises immediate cash flow and long-term value. Don't let this opportunity slip away-secure a top-tier asset in one of Lockport's most vibrant areas.
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Year Built
2023
Stories
3
Lot Size
3,300 sq ft
Lot Dimensions
55X95
Zoning
MULTI
Days on Market
55
MLS® Listing#
12625225
Property Features
Cooling
Construction
Financial Details
Annual Taxes
$32,349
Tax year 2024
Parcel Number
1104233260220000
Directions
3 miles south of I-355 at Archer Ave.
Affordability Calculator
$320,000
Estimated monthly payment
$8,516/mo
Principal $1,279,999 · Est. interest $1,785,713 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lockport, IL
- $444,118
- Median Listing Price
- 26
- Median Days on Market
- 1,792
- Median Sq Ft
- $231
- Median Price / Sq Ft
- 73
- Active Listings
- This home’s price is 260% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lockport, IL.
Location
- 1016 State Street, Lockport, IL 60441
Points of Interest in Lockport, IL
Showing the Lockport area map.
Nearby Schools
Sacred Heart & St. Dennis School Legacy, Lockport, Il
School · 0.2 mi away
St Dennis Catholic Elementary School
Elementary · 0.2 mi away
Lockport Township High School
Secondary · 0.3 mi away
St. Joseph Elementary School
Elementary · 0.5 mi away
Taft Grade School
Elementary · 0.5 mi away
Milne Grove Elementary School
Elementary · 0.5 mi away
Kelvin Grove Middle School
Secondary · 0.9 mi away
Bobbie Noonan's Child Care
School · 1.0 mi away
Will County School District
School · 1.3 mi away
Ludwig Elementary School
Elementary · 1.3 mi away
Lockport Township High School
Secondary · 1.3 mi away
Lockford East High School
Secondary · 1.5 mi away
Lupine Montessori School
Elementary · 1.6 mi away
Fairmont School
Elementary · 1.6 mi away
Walsh Elementary School
Elementary · 1.6 mi away
William J Butler School
Elementary · 1.8 mi away
Goddard School
School · 1.9 mi away
Chaney Monge School
Elementary · 2.6 mi away
Forest Park Individual Ed School
Elementary · 2.8 mi away
Romeoville High School
Secondary · 3.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1016 State Street, Lockport, IL | $1,599,999 | — | — | — |
| 3.1 Acres S Archer Avenue, Lockport, IL | $1,620,432 | — | — | — |
Moving Cost Estimate
EXIT Agents in Lockport
Listing Courtesy: Vylla Home - 7738312000
Last Updated: 2026-04-21