21
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$339,900
Est. payment /mo
1,370 SqFt
Active
14400 S Archer AVE Lockport, IL 60441
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Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 1,370 sqft
Price per Sqft $248
MLS Listing ID 12498966
Year Built 1971
Annual Tax Amount $4,100
Tax Year 2024
Lot Dimensions 120X163X104X151
Property Sub-Type Retail/Stores
Property Description
Fantastic investment or owner-user opportunity in booming Lockport! This well-maintained 3-unit commercial building is ideally located near I-355 and downtown, offering excellent visibility and accessibility. Each unit features approximately 456 sq. ft. plus bonus storage space-perfect for small businesses, professional offices, or service providers. The property sits on a generous lot with a large backyard-ideal for future expansion or outdoor workspace. Ample parking and low operating costs make this an attractive, easy-to-manage investment. Additional Information has: Updates list, Survey, Well/Septic Location Note the lot only goes up to the well location on the south of the building. The rest of the parking lot is owned and shared by the owner of the house/office next door. If available-which is quite often you are able to use it also. Recent improvements include: * Roof - 5 years * Windows - 3 years * Parking lot - 6 years * Exterior tuckpointing & painting - 7 years * Electrical panels - 10 years * Unit 3 furnace - 3 years With a private well and septic system, you'll enjoy no water or sewer bills, and the low property taxes add to the value. Flexibility abounds-use one or more units for your own business, lease all three for strong cash flow, or open up interior walls to create larger configurations. Current occupancy: * Unit 1 - tenant moving out Dec. 1 * Unit 2 - vacant * Unit 3 - month-to-month Two units are also available for rent at $850/month each (MLS #12493463). Local commercial acre lots are selling around $400,000, highlighting the area's appreciation potential. Whether you're a first-time investor or seasoned owner, this property offers stability, growth potential, and flexibility. The owner/agent is easy to work with-schedule your showing today and seize this outstanding opportunity!
Location
State IL
County Will
Area Homer / Lockport
Zoning COMMR
Interior
Cooling Wall Sleeve
Fireplace N
Building
Dwelling Type Retail/Stores
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Listed by Laura Bugos-Komperda of eXp Realty
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