16732 W 159th St

16732 W 159th St , Lockport, Illinois, 60441 | 3,620 sq.f | $ 1,200,000

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About This Restaurant

Investment Highlights

Freestanding Building w/Drive-Thru Immediate Access To I-355 Next To/Shares Access With Walgreens

Executive Summary

Brookline Real Estate, LLC. is proud to present the opportunity to acquire a newer construction retail property positioned in a strong, transit-oriented location in the Chicago suburb of Lockport. 16732 W 159th Street contains a total of 3,620 square feet on approximately 0.87 acres. Immediately accessible to I-355 at the northeast corner of 159th Street and Farrell Road, the building benefits greatly from its position among dozens of national retailers, and directly adjacent to Walgreens with shared ingress/egress. More nearby developments are currently being completed and underway including a new car dealership.Perfect for either an owner/user or investor, the all-brick, free-standing former bank building has been remarkably-maintained and offers its visitors 21 total parking spots in front and rear lots accessible from two streets and the adjacent Walgreens. The property features two covered drive-thru lanes and a monument signage structure - ideal for restaurant or medical uses.The asset is densely surrounded by national tenants: Walmart, Aldi, Jewel, Starbucks, Walgreens and McDonald's, and features close proximity to Lockport Township High School, Lewis University and Downtown Lockport.

Property Details

  • Sale Type    Investment or Owner User
  • Property Type    Retail
  • Property Subtype    Bank Bank General Retail Fast Food General Retail Restaurant Office Medical Bank
  • Building Size    3,620
  • Building Class    B
  • Year Built    2006
  • Price    1,200,000
  • Price Per SF    331
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.10
  • Land Acres    0.87 AC

Amenities

  • Drive Thru
  • Monument Signage

Nearby Amenities & Transportation

Retail Chase Bank
Retail Jewel-Osco
Retail Wingstop
Retail Starbucks
Retail Fifth Third Bank
Retail Mod Pizza
Retail Noodles & Company
Retail ALDI
Retail Woodforest National Bank
Retail PNC Bank

Property Taxes

Parcel Number 05-18-305-034 Improvements Assessment $175,000
Land Assessment $257,014 Total Assessment $432,014
Date Created: 2024-07-16 04:13:39 Last Updated: 2024-07-16 04:13:39
Address: 16732 W 159th St , Lockport, Illinois, 60441