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16610 W 159th St
Lockport, IL 60441
Building 7 · Office Property For Sale
Executive Summary
Great investment potential! A one-story, all-brick office building with a full basement, featuring nine-foot ceilings and located on a high-traffic stretch off 159th. Generous parking available around the units. In a community of multi-use buildings and neighboring a new residential rental development. The property includes a vestibule entry into a lobby with adjacent reception area as well as side entry. 6 office areas, a wet bar and bathroom on the main. Elevator or staircase to finished basement with a large conference room, an eat-in kitchen, a bathroom, numerous closets and storage areas. It boasts high-efficiency central air conditioning and 80% efficient gas forced air. Conveniently walkable to Jewel, Walmart, Walgreens, and various dining options. A short drive to I-355, Currently rented through 11/2026 at $6,000 mo. (8% CAP rate).
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
8,000 SF
Building Class
B
Year Built
2006
Price
$952,357 CAD
Price Per SF
$119.04 CAD
Cap Rate
8%
NOI
$76,189 CAD
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,000 SF
Building FAR
0.63
Lot Size
0.29 AC
Parking
32 Spaces (4 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 of 51
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