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0 159th Street Lockport, IL 60441

0 159th Street  Lockport IL 60441
0 159th Street
Lockport, IL 60441
Price: $400,000
Type: Farm
Lot Size (Acres): 1.55
Agent: Jeff Jakob
Agent Email: jjakob@coldwellhomes.com;jjakob@coldwellhomes.com
Broker: Coldwell Banker Real Estate Group
Broker Phone: 815-744-1000

Prime location: 1.55 acres zoned C-2 on corner lot on busy 159th street about a mile east of I-355. 185 feet of frontage on 159th and 366 feet of frontage on Leach. Perfect for fast food/drive-thru! Adjacent lot to the West is available for additional acreage up to 4.92 acres.

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    0B 159th Street Lockport, IL 60441

    0B 159th Street  Lockport IL 60441
    0B 159th Street
    Lockport, IL 60441
    Price: $400,000
    Type: Farm
    Lot Size (Acres): 3.37
    Agent: Jeff Jakob
    Agent Email: jjakob@coldwellhomes.com;jjakob@coldwellhomes.com
    Broker: Coldwell Banker Real Estate Group
    Broker Phone: 815-744-1000

    Prime Location: 3.37 acres zoned C-3 on busy 159th St in unincorporated Will County about a mile east of I-355. 417 feet of frontage on 159th with turn lane for west-bound traffic. Adjacent parcel east of property is available for a total of 4.92 acres. Perfect location for a variety of businesses; willing to subdivide.

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      15249 159th Street Lockport, IL 60441

      15249 159th Street  Lockport IL 60441
      15249 159th Street
      Lockport, IL 60441
      Price: $700,000
      Type: Land
      Lot Size (Acres): 4.92
      Agent: Jeff Jakob
      Agent Email: jjakob@coldwellhomes.com;jjakob@coldwellhomes.com
      Broker: Coldwell Banker Real Estate Group
      Broker Phone: 815-744-1000

      INVESTMENT OPPORTUNITY: PRIME 4.92 ACRE COMMERCIAL CORNER LOT ON 159TH STREET CORRIDOR 15249 W 159th St, Lockport, IL 60441 (Unincorporated Homer Township) EXECUTIVE SUMMARY FOR DEVELOPERS & INVESTORS: This is a high-impact, corner development site offering a scarce combination of major highway access, high traffic counts, and minimal immediate retail competition in a high-income, underserved market. This is the crucial “first-off-the-exit” retail site on the eastbound side of the I-355 interchange. THE INVESTMENT ADVANTAGE Unbeatable Location & Access Highway Intersect: Located only 1 mile East of the I-355 (Veterans Memorial Tollway) full interchange at 159th Street (Route 7). This ensures constant traffic flow from regional commuters and travelers. High-Visibility Corner: Significant frontage on both 159th Street (approx. 585 ft) and Leach Drive (approx. 354 ft), providing dual-access points for high-volume users like QSRs, Banks, and Gas/Convenience. Traffic Counts: Over 17,000 Vehicles Per Day (VPD) on 159th Street, a figure poised to grow with continuous residential development in Lockport and Homer Glen. Retail Void: The site benefits from a clear lack of major retail and Quick-Service Restaurant (QSR) competition immediately following the I-355 exit, positioning it perfectly to capture immediate consumer demand. Strong Commercial Fundamentals & Demographics Affluent Market: The Lockport / Homer Glen area boasts a very strong demographic profile. The Median Household Income in Lockport is approximately $113,252 (as of 2023 data), indicating an excellent consumer base with high disposable income. Growth Corridor: Will County is one of the fastest-growing regions in Illinois. The surrounding area is marked by new, upscale residential developments, guaranteeing future customer growth. Low Operating Costs: Located in unincorporated Will County/Homer Township, this property benefits from significantly lower Will County property taxes (Annual Taxes approximately $1,153) compared to many incorporated municipalities, maximizing a developer’s potential return on investment (ROI). Development & Value-Add Potential Flexible Zoning: Zoned Commercial with high potential for a variety of high-demand commercial uses. Possible uses include: Quick-Service Restaurant (QSR) w/ Drive-Thru (Highly sought after in this corridor). Medical/Dental/Professional Office Building (Serving the growing affluent residential base). Gas Station / C-Store (Prime exit location). Retail Strip Center (Targeting neighborhood convenience). Infrastructure: Utilities (Electric, Gas, Water, and Sanitary Sewer) are available nearby at the street, minimizing site development costs and expediting the timeline to construction. Subdivision Potential: The size (4.92 AC) and corner configuration are ideal for sub-dividing into two or three high-value outlots to maximize sales value or create a complementary multi-tenant development. This is a rare opportunity to acquire a strategic commercial corner in one of the strongest growth corridors in the Southwest Suburbs.

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