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28049255
28049256

1513 S State Street, Lockport, IL 60441

Exit Real Estate Specialists
Listed by Exit Real Estate Specialists
$1,200,000
212 days on market
Updated 38 days ago

1513 S State Street

Details
APN 1104233230050000
Property Type Retail, Office
Sub Type Storefront, Medical Office (+2)
Units 4
NOI $40,200
Year Built 1987
Lot Size (SqFt) 3,555
Zoning COMMR

Retail

Marketing description

Corner 4-unit retail plaza located at the high-traffic intersection of State St and Division St in Lockport. Two units currently leased to established tenants - a popular pizza restaurant and a neighborhood liquor store. A mix of occupied and vacant units ideal for immediate income + future upside. High visibility, easy access, ample parking and stable surrounding businesses create the perfect location for long-term investment success. Great potential for owner-user or investor. Strong traffic counts and growing area make this a solid long-term asset. Two units are vacant and can typically be shown at any time with appointment. Two units are occupied and access depends on customer traffic and business activity-availability may vary. Second PIN 1104233230040000 holds other three properties 1525, 1527, 1529 S. State St. 9, 048 sq. ft.
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Exit Real Estate Specialists
Listed by Exit Real Estate Specialists

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$40,200.00
$3,350.00/mo

Valuation Metrics

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DSCR
3.35%
Cap Rate
3.35%
ROI

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