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26510401
26510424

16610 W 159th Street 103, Lockport, IL 60441

CENTURY 21 Affiliated Schererville
Listed by CENTURY 21 Affiliated Schererville
$700,000
289 days on market
Updated 17 days ago

16610 W 159th Street 103

Details
APN 1505183050581004
Property Type Office
Sub Type Traditional Office, Office/Tech
Cap Rate 8.00%
NOI $55,000
Year Built 2006
Zoning OFFIC

Office | 8.00% CAP

Marketing description

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).
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Listing Contacts

CENTURY 21 Affiliated Schererville
Listed by CENTURY 21 Affiliated Schererville

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$55,000.00
$4,583.33/mo

Valuation Metrics

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DSCR
7.86%
Cap Rate
7.86%
ROI

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