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1240 E 9th St
Lockport, IL 60441
Lockport Crossings · Retail Property For Sale
Executive Summary
Great investment property, Well cared for Brick and Masonry retail storefront building of +/- 6000 sq ft. consisting of two current built-out units (1/2 and 1/2 split operated and leased to Smoke Shop and Restaurant) but formerly was set up as 4-5 units. the Western unit offers 3 separate bathrooms and 3 separate sets up utilities, but the wall partitions have been opened up and removed. the east unit has been set up as a Restaurant, with rear kitchen area, 2 front bathrooms, ceramic tile flooring, built in bar area, cooler areas, private offices, exposed ceilings, custom light fixtures and roof mounted roof mounted HVAC for that unit., with the western unit leased to a smoke shop which offers newer laminate flooring, newer wall coverings, exposed ceiling. 20-22 parking spaces dedicated handicap space and rear paved area as well. Street signage in frontage on 9th St,
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
6,000 SF
Building Class
C
Year Built
1989
Price
$750,000
Price Per SF
$125
Cap Rate
8.21%
NOI
$61,575
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.72
Lot Size
0.19 AC
Zoning
C-3; Lockport
Parking
14 Spaces (2.33 Spaces per 1,000 SF Leased)
Frontage
147’ on 159th St
Property Taxes
| Parcel Number | 11-04-13-408-026 | Improvements Assessment | $79,941 |
| Land Assessment | $21,816 | Total Assessment | $101,757 |
Property Taxes
Parcel Number
11-04-13-408-026
Land Assessment
$21,816
Improvements Assessment
$79,941
Total Assessment
$101,757
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