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Norton 201 W 10th St 36,183 SF 100% Leased Industrial Building Lockport, IL 60441 $3,000,000 ($82.91/SF) 4.90% Cap Rate
Investment Highlights
- Recently renovated mixed-use asset with $7M in capital improvements, including new roofing and HVAC in 2025.
- Fully renovated Class A apartments with modern finishes and updated amenities.
- Strategic Lockport location near major transportation corridors and employment hubs.
- Award-winning historic building recognized for architectural integrity and preservation.
- Stable investment with long-term durability and limited deferred maintenance.
- Pro forma NOI of $238,412 and 4.90% cap rate on a $3,000,000 list price.
Executive Summary
Broker of Record
Matthew M. Fitzgerald
License # 478027547, 471021676 (IL)
Matthews Real Estate Investment Services, LLC
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matthew M. Fitzgerald
License # 478027547, 471021676 (IL)
Matthews Real Estate Investment Services, LLC
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Price | $3,000,000 | Lot Size | 1.37 AC |
| Price Per SF | $82.91 | Rentable Building Area | 36,183 SF |
| Sale Type | Investment | No. Stories | 4 |
| Cap Rate | 4.90% | Year Built | 1890 |
| Property Type | Industrial | Parking Ratio | 3.32/1,000 SF |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 1 |
| Building Class | B | Cross Streets | Commerce St. |
| Price | $3,000,000 |
| Price Per SF | $82.91 |
| Sale Type | Investment |
| Cap Rate | 4.90% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.37 AC |
| Rentable Building Area | 36,183 SF |
| No. Stories | 4 |
| Year Built | 1890 |
| Parking Ratio | 3.32/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
| Cross Streets | Commerce St. |
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Walk Score®
Very Walkable (76)
Property Taxes
| Parcel Number | 11-04-23-311-001 | Improvements Assessment | $80,713 |
| Land Assessment | $68,765 | Total Assessment | $149,478 |
Property Taxes
Parcel Number
11-04-23-311-001
Land Assessment
$68,765
Improvements Assessment
$80,713
Total Assessment
$149,478
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Norton | 201 W 10th St
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