423 N State St 9,500 SF Flex Building Lockport, IL 60441 $1,850,000 ($194.74/SF) 5.50% Cap Rate

EXCEPTIONAL COMMERCIAL OPPORTUNITY
HIGH-TRAFFIC - LOCKPORT LOCATION
This recently renovated, turnkey commercial facility offers approximately 9,500 square feet of versatile space on a prominent corner location with over 1 million annual traffic count. Recent comprehensive improvements make this an ideal investment for businesses seeking immediate occupancy with minimal setup costs.
PROPERTY / Zoned B-2 / Apprx. .75 Acre Site
IDEAL USES:
Automotive & Transportation
Healthcare & Physical Therapy
Car Dealership - showroom space with service capabilities
Motorcycle Dealership - perfect size and layout
Restuarant / Bar
Collectible Car Storage - secure, climate-controlled environment
Man Cave / Private Office
Private Office
Grow Operation
Location & Accessibility:
Prominent intersection location Archer Ave. & New Ave in Lockport, with exceptional visibility.
Over 1 million annual traffic count - prime exposure.
Dual street access with 4 separate driveways.
New intersection stop light and beautification project beginning in Summer 2025.
Located in Will County with favorable tax rates.
Building Specifications:
9,500 total square feet (8,000 clear span).
0.75-acre commercial lot with room for expansion.
B2 zoning with guard resident permit.
200+ person occupancy rating.
Fully sprinklered OH-2 coverage for maximum safety compliance.
Recent Major Improvements:
New TPO membrane roof with 8" additional insulation.
Complete HVAC system replacement.
Updated electrical throughout.
Energy-efficient LED lighting (building and lot).
New men's and women's restrooms.
Quarry tile flooring is durable and easy to maintain.
Technology & Infrastructure:
Fiber optic main line on premises - rare suburban amenity.
High-speed internet installed.
Monitored fire and burglar alarm systems.
5 independent carbon-based air filtration units.
Functional Features:
60+ private parking spaces - exceeds most municipal requirements.
200+ person occupancy.
Fully fenced and secure lot.
Semi dock with lift gate and overhead door.
Straight dock with overhead door.
2 front-facing overhead door sections (available).
20+ person outdoor patio area.
Office & Amenities:
Three private offices (11' x 12' each).
Large conference room/office/storage area.
Kitchenette and bar area.
Professional layout ideal for client meetings.
Operating Advantages:
Low Will County real estate taxes.
Low monthly utility costs due to energy efficiency improvements.
90 day occupancy ready.
Minimal tenant improvement costs.
OTHER IDEAL USES
Technology & Storage:
Private Data Center Suite - fiber optic ready with redundant power.
Tier 2 or 1 Data Center - multiple access points and secure lot.
Healthcare & Professional Services:
Healthcare Facility - ample parking and accessibility compliance.
Construction Office - with equipment storage and a staging area.
Retail & Hospitality
Restaurant/Bar - full commercial kitchen capability.
Convenience Store - high traffic location.
Boutique Grocery/Specialty Retail Store - loading docks and large clear span.
FINANCIAL BENEFITS:
Will County location offers significant tax advantages over Cook County.
Energy-efficient systems reduce operational costs.
Turnkey condition minimizes tenant improvement expenses.
High visibility location reduces marketing costs.
Ample parking eliminates common suburban challenges.
UPCOMING IMPROVEMENTS:
Summer 2025: Intersection stop light installation and beautification project will further enhance visibility and traffic flow, adding long-term value to the property underway and completion date of summer 2026.
SCHEDULE YOUR SHOWING TODAY
This exceptional property combines location, functionality, and value in a way that's rare in today's market. The comprehensive recent improvements, combined with the prime location and upcoming municipal enhancements, make this an outstanding opportunity for immediate occupancy or long-term investment.
Contact us today to schedule a private showing and discuss lease or purchase terms.
Professional property remodeling, management, and leasing services are available.
Property shown by appointment only.
Brokers welcome.