1016 State StLockport, IL 60441

Property Details for 1016 State St

Year built

2023

Property type

Commercial real estate

Description

This exceptional three-story brick building at 1016 State Street, Lockport, Illinois, presents a rare investment opportunity. Constructed in 2023, the property boasts a prime downtown location, offering immediate cash flow and long-term value. The building comprises four luxurious, contemporary residential rental units, all currently leased, ensuring a strong and consistent income stream. In addition to the residential units, a flexible storefront/office space is available, providing excellent street-level exposure ideal for retail or office use. This versatile space adds another dimension to the investment potential, catering to a diverse range of commercial tenants. The property's strategic location is a key advantage, situated just steps from the train station and in close proximity to major highways and Lewis University. This ensures convenient access for both residential tenants and commercial clients, maximizing occupancy and rental income. The building's modern design and high-end finishes attract high-quality tenants, contributing to its strong financial performance. This turnkey investment offers a compelling opportunity to acquire a high-yield property in one of Lockport's most desirable areas, promising immediate returns and significant long-term appreciation. The asking price is $2,000,000.

Location Insight

City

Lockport

County

Will

State

Illinois

Latitude

41.5878

Longitude

-88.0579

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