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704 E 9th St

4,200 SF Office Building Lockport, IL 60441 $369,000 ($88/SF) 11.71% Cap Rate

Investment Highlights

  • High Car Counts along Route 7 / 9th Street / 159th Street - Near I355
  • Stand-Alone Building
  • 5 Blocks from Downtown Lockport

Executive Summary

Stand-alone building with 4 bedrooms, 2 full bathrooms, a kitchen, living room, family room with fireplace, full unfinished basement, laundry room, and a 1-car attached garage. Located in the C-2 Community Commercial District, which allows for a variety of mixed uses. The C-2 District supports a broad range of general shopping and compatible business uses for public convenience and business prosperity, ideally located at major intersections or along arterial streets. Permitted Uses according to the City of Lockport Zoning Code may be, Dwelling Units, above ground floor Retail, Animal Hospital, Arts and crafts studios and gallery, Automobile accessory - retail, Bakery - retail, Banks and financial institutions, Banquet Hall, Funeral parlor, Home/garden center, Hotel - short stay, Medical/dental clinics, Offices, professional and business, Pawnshops, Pet and animal sales or services, Pharmacy, Print shop/copy center/commercial post office, Restaurants (with or without liquor), Rental Store, Smoke shops, Arts or supporting establishments, including performing arts, Nursery school and pre-school, Park/playground, Radio and television broadcasting studio, Home occupations, and more! Located along Route 7/9th Street/159th Street with high traffic counts and just 5 blocks from Downtown Lockport with restaurants, breweries, the Metra train station to Chicago, schools, parks, and more. *Owner will rent on a triple net lease for $3,300 per month.

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
4,200 SF
Building Class
C
Year Built/Renovated
1970/2023
Price
$369,000
Price Per SF
$88
Cap Rate
11.71%
NOI
$43,200
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,200 SF
Building FAR
0.05
Lot Size
1.88 AC
Zoning
C - 2 - Located in the C-2 Community Commercial District, which allows for a variety of mixed uses. The C-2 District supports a broad range of business uses.
Parking
14 Spaces (3.33 Spaces per 1,000 SF Leased)

Amenities

  • Basement
  • Yard
  • Air Conditioning
Walk Score ®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 31880137

  • Date on Market: 5/21/2024

  • Last Updated:

  • Address: 704 E 9th St, Lockport, IL 60441

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