For Sale
$2,651,000

16250 159Th St Lockport, IL 60441

Prime 18-acre site, C-3 zoning, I-355 access.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 18.61-acre commercial land parcel presents a remarkable development opportunity in Lockport, Illinois. Strategically located along I-355, this property boasts a highly desirable C-3 zoning designation, permitting a wide range of commercial uses, including general commercial, mixed-use, and retail developments. The existing zoning even includes approval for extra building height, offering increased development flexibility. The property's address is 16250 W 159th St, Lockport, IL 60441, with APN 16-05-18-400-012. Its prime location provides unparalleled access to major transportation arteries, ensuring high visibility and convenient access for potential tenants and customers. Furthermore, the possibility of multi-family rezoning adds another layer of potential for future development. This presents a unique chance to capitalize on the growing demand for both commercial and residential spaces in the area. The property benefits from the comparatively low tax rates associated with Will County, Illinois, making it an even more attractive investment. The asking price for this exceptional development opportunity is $2,651,000. Don't miss this chance to acquire a highly sought-after commercial land parcel with significant upside potential.

Highlights

  • $2,651,000 asking price for 18.61 acres of commercial land.
  • C-3 zoning permits general commercial, mixed-use, and retail development, including extra building height.
  • Multi-family rezoning potential.
  • Low Will County taxes.

Property Details for 16250 159Th St

Property type
Land
Lot Size (sq. ft)
810,652 SF

Location Insight

City
Lockport
County
Will
State
Illinois
Latitude
41.602091
Longitude
-88.014042

FAQs

What type of property is this?
Land - Prime 18-acre site, C-3 zoning, I-355 access.
Where is the land located?
The property is located at 16250 159Th St Lockport, IL.
What is the asking price?
The asking price for this property is $2,651,000.
What are key features of this property?
This property features: $2,651,000 asking price for 18.61 acres of commercial land.; C-3 zoning permits general commercial, mixed-use, and retail development, including extra building height.; Multi-family rezoning potential.
How can I contact the broker?
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16250 159Th St
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