Your email has been sent.
15940 S Gougar Rd 6.39 Acres of Industrial Land Offered at $2,900,000 in Homer Glen, IL 60491
Investment Highlights
- 6.39± Acres at the I-355 / 159th Street Interchange
- Potential Retail, Flex, Showroom & Service-Commercial Uses
- One Parcel Already Annexed into Lockport
- Highly Visible Development Site & Regional Access
- City has expressed openness Receptive to Employment and Sales-Tax-Generating Development
- Three Additional Parcels Positioned for Future Annexation
Executive Summary
Financial Summary (Actual - 2025) |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
$25,310
|
$3,960.88
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$25,310
|
$3,960.88
|
Financial Summary (Actual - 2025)
| Taxes | |
|---|---|
| Annual | $25,310 |
| Annual Per AC | $3,960.88 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $25,310 |
| Annual Per AC | $3,960.88 |
Property Facts
| Price | $2,900,000 | Property Subtype | Industrial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 6.39 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | R-2 - Residential | ||
| Price | $2,900,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | |
| Total Lot Size | 6.39 AC |
| No. Stories | 1 |
| Zoning | R-2 - Residential |
1 Lot Available
Lot
| Price | $2,900,000 | Lot Size | 6.39 AC |
| Price Per AC | $453,834.12 |
| Price | $2,900,000 |
| Price Per AC | $453,834.12 |
| Lot Size | 6.39 AC |
6.39± acre development assemblage at the southeast corner of the I-355/159th Street interchange. Offering exceptional interstate visibility and immediate access to I-355, the property is positioned within Lockport's I-355 Corridor planning area
Description
Rare 6.39± acre development assemblage at the southeast corner of the I-355/159th Street interchange. Offering exceptional interstate visibility and immediate access to I-355, the property is positioned within Lockport's I-355 Corridor planning area and provides flexibility for a variety of commercial redevelopment concepts. Consistent with the city’s I-355 Corridor Master plan, the City of Lockport has expressed interest in quality commercial development capable of generating employment and economic activity, including retail as well as certain flex, showroom, service-commercial and warehouse concepts incorporating appropriate employment and sales-tax-producing components. Three parcels are presently located in unincorporated Homer Glen and are positioned for potential annexation into Lockport. One parcel is already within the City of Lockport. Nearby residential and commercial growth, established national retailers and the property's interstate access create an opportunity for users seeking a highly visible southwest suburban location.
Property Taxes
| Parcel Numbers | Total Assessment | $369,327 | |
| Land Assessment | $92,440 | Annual Taxes | $25,310 |
| Improvements Assessment | $276,887 | Tax Year | 2025 |
Property Taxes
