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Listing provided courtesy of Exit Real Estate SpecialistsMREDas Distributed by MLSGrid- MLS# 12501074MLS Provider

1513 S State StreetLockport, IL 60441

Commercial · 12,251 Sq. ft.
$1,000,000 Active

1513 S State Street Overview

Time on Site:
237 days
Visits:
2

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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1513 S State Street Facts & Features

  • Type Commercial
  • Sq. ft. 12,251
  • Price/Sq.ft. $82

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Net Operating Income: 40200

Building Information

  • Year Built: 1987

Business Information

  • Business Type: Retail
  • Current Use: Commercial,Medical/Dental

Location/Region

  • County Or Parish: Will
  • MLS Area Major: Homer / Lockport

Tax Information

  • Tax Annual Amount: $16,627.00
  • Tax Year: 2024

General Information

  • Parcel Number: 1104233230050000
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 12251

General Information

  • Cooling: Central Individual
  • Electric: Service - 101 to 200 Amps
  • Leasable Area: 0
  • Stories: 1

Unit Information

  • Unit SqFt.: 3555

Exterior

Lot Information

  • Additional Parcels: Yes
  • Lot Size Dimensions: 3555
  • Lot Size Square Feet: 3555

General Information

  • Number Of Units Total: 4

1513 S State Street Neighborhood

Community

60441 (LOCKPORT) Demographics

38
Median Age
1,185
Population Density (per sq. mile)
40%
College Educated
$80,022
Estimated Median Income
9,585
Estimated Total Home Owners
2,501
Estimated Total Renters
79% / 21%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

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.

1513 S State Street Monthly Cost

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$ %
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Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1513 S State Street Market Data

Based on the last 30 days in this zip code

$433,258
Average List Price
$222
Average Price per Square Foot
35
Properties Sold
54
Average Days on Market
142
Properties for Sale
Calculations provided by Reliance Network

1513 S State Street History

Date Event Value Agent
6/24/2026Source: MRED Status Change
Active
6/18/2026Source: MRED Price Reduction
$1,000,000 -16.7%
6/18/2026Source: MRED Status Change
Price Change
11/9/2025Source: MRED Status Change
Active
11/4/2025Source: MRED Added to Database
November 04, 2025