15249 W 159th Lockport, IL 60441

  • $700,000
  • Sold Date: 01-01-70

15249 W 159th Lockport, IL 60441
Active
15249 W 159th Lockport, IL 60441
15249 W 159th Lockport, IL 60441
  • $700,000
  • Sold Date: 01-01-70

Description

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.

  • Listing Courtesy of: Coldwell Banker Real Estate Group

Details

Updated on October 3, 2025 at 11:27 am
  • Property ID: MRD11957232
  • Price: $700,000
  • Property Type: Land
  • Property Status: Active
  • Parcel Number: 1605202020080000
  • Days On Market: 635
  • Basement Bath(s): No
  • AdditionalParcelsYN: 1
  • Living Area: 4.92
  • Cumulative Days On Market: 635
  • Tax Annual Amount: 96.08
  • Directions: I-355 to 159th Street, east. Property is on right
  • High School: Lockport Township High School
  • Township: Homer
  • CurrentUse: Agricultural
  • FrontageLength: 578.6
  • FrontageType: City Street,State Road,Paved
  • Utilities: Electricity Nearby,Natural Gas Nearby,Sewer Nearby,Water Nearby
  • Zoning: COMMR
  • Address 15249 W 159th
  • City Lockport
  • State/county IL
  • Zip/Postal Code 60441
  • Country Will

Overview

Property ID: MRD11957232
  • Land
  • Property Type

Mortgage Calculator

Monthly
  • Down Payment
  • Loan Amount
  • Monthly Mortgage Payment
  • Property Tax
  • Home Insurance
  • PMI
  • Monthly HOA Fees
$
%
%
%
$
$
%

0 Review

Sort by:
Leave a Review

Leave a Review

Compare listings

Compare