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1044 E 9th St
Lockport, IL 60441
Retail Property For Sale
Investment Highlights
- Hard-corner location with signalized intersection and full access to 9th Street.
- Surrounded by national brands including McDonald’s, Dunkin’, Subway, and PNC Bank.
- Flexible C-2 Community Commercial zoning allows for multiple development options.
- Approximately 0.77 acres with 218 feet of frontage along a major retail corridor.
- Just 1.4 miles from the I-355 interchange, providing excellent regional access.
- Existing improvements include a 4,684 SF restaurant
Executive Summary
Sold in conjunction with neighboring property. $950,000 is total sale price for both. Hard corner with stoplight surrounded by national brand co-tenancy in the heart of Lockport's east retail corridor on 9th Street (AKA 159th Street & Route 7). 14,000 vehicles per day pass this site along 9th Street, which is the main artery connecting Downtown Lockport to the I-355 interchange (just 1.4 miles away). Close to 10,000 people live within a 1 mile radius. The property enjoys ideal visibility, and is directly across the street from McDonalds, Ace Hardware, Dunkin, and many other national retailers, banks and services businesses, including the post office, Planet Fitness, PNC Bank, US Bank, and many others.
This property is being marketed in conjunction with the neighboring home ($350,000) both of approximately .39 acres, totaling .77 acres (33,541 SF). The western parcel incorporated in the City of Lockport, and is improved with a 4,684 SF restaurant building. The eastern parcel is currently unincorporated, and is improved with a single family home of approximately 3,000 (3-bed, 1-bath).
This property is being marketed in conjunction with the neighboring home ($350,000) both of approximately .39 acres, totaling .77 acres (33,541 SF). The western parcel incorporated in the City of Lockport, and is improved with a 4,684 SF restaurant building. The eastern parcel is currently unincorporated, and is improved with a single family home of approximately 3,000 (3-bed, 1-bath).
Property Facts
Sale Type
Investment
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,684 SF
Building Class
C
Year Built
1969
Price
$817,296 CAD
Price Per SF
$174.49 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.28
Lot Size
0.39 AC
Zoning
C-2 - Community Commercial zoning
Parking
18 Spaces (3.42 Spaces per 1,000 SF Leased)
Frontage
107’ on 9th St
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 11-04-24-110-022 | Improvements Assessment | $105,258 CAD |
| Land Assessment | $44,282 CAD | Total Assessment | $149,540 CAD |
Property Taxes
Parcel Number
11-04-24-110-022
Land Assessment
$44,282 CAD
Improvements Assessment
$105,258 CAD
Total Assessment
$149,540 CAD
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