


1016 State StreetLockport, IL 60441
Commercial1016 State Street Overview
- Time on Site:
- 69 days
- Visits:
- 0
**New Price ** - Don't Miss This Deal Exceptional Investment Opportunity Prime Downtown Lockport Property Seize a rare chance to own a remarkable asset in the heart of Downtown Lockport. This impressive three-story brick building, located at 1016 State St., was constructed in 2023 and offers a unique blend of luxury and versatility in an unbeatable location. The property features four modern, high-end residential rentals alongside a flexible storefront/office space, making it an ideal investment opportunity. Fully leased, the building ensures immediate returns and is perfect for investors seeking a turnkey solution with a strong tenant base in both the residential and commercial sectors. Key Features: Four Sophisticated units: Thoughtfully designed with contemporary finishes, offering residents a luxurious living experience. Storefront/Office Space: An obvious commercial space that provides excellent exposure, perfect for retail or office use. Just steps away from the train station and close to major highways and Lewis University, ensuring easy accessibility for tenants and clients. This is your opportunity to invest in a high-yield, prime-location property that promises immediate cash flow and long-term value. Don't let this opportunity slip away-secure a top-tier asset in one of Lockport's most vibrant areas.
1016 State Street Facts & Features
- Type Commercial
Details
General
Income/Expenses
- Other Expense: 600
- Electric Expense: 0
- Fuel Expense: 0
- Gross Income: 146904
- Gross Scheduled Income: 146904
- Insurance Expense: 3500
- Net Operating Income: 100092
- Operating Expense: 44380
- Trash Expense: 780
- Water Sewer Expense: 3600
Building Information
- Year Built: 2023
Location/Region
- County Or Parish: Will
- MLS Area Major: Homer / Lockport
- Township: Lockport
Rent/Lease Information
- Tenant Pays: Electricity
Tax Information
- Tax Annual Amount: $32,349.00
- Tax Year: 2024
General Information
- Parcel Number: 1104233260220000
- Possible Use: Commercial,Condominium
- Property Type: Commercial Sale
- Zoning: MULTI
Interior
General Information
- Cooling: Central Air, Wall Sleeve
- Electric: Circuit Breakers
- Fireplaces Total: 0
- Stories: 3
Exterior
Lot Information
- Additional Parcels: No
- Lot Size Dimensions: 55X95
- Lot Size Square Feet: 3300
Building Exterior/Construction
- Construction Materials: Brick
General Information
- Number Of Units Total: 5
1016 State Street Neighborhood
Community
60441 (LOCKPORT) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1016 State Street Monthly Cost
1016 State Street Market Data
Based on the last 30 days in this zip code
1016 State Street History
| Date | Value | Agent |
|---|---|---|
| 6/15/2026Source: MRED | Active |
|
| 6/15/2026Source: MRED | Active |
|
| 6/10/2026Source: MRED | $1,599,999 -5.9% |
|
| 6/10/2026Source: MRED | $1,599,999 -5.9% |
|
| 6/10/2026Source: MRED | Price Change |
|
| 6/10/2026Source: MRED | Price Change |
|
| 5/8/2026Source: MRED | Active |
|
| 5/3/2026Source: MRED | Re-activated |
|
| 4/26/2026Source: MRED | Active |
|
| 4/26/2026Source: MRED | Active |
|
| 4/21/2026Source: MRED | April 21, 2026 |
|
| 4/21/2026Source: MRED | April 21, 2026 |










































































