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921 S State St 6,310 SF Office Building Lockport, IL 60441 $847,000 ($134.23/SF)



INVESTMENT HIGHLIGHTS
- Downtown historic district / municipal core
- Private parking
- Fully updated fire protection, HVAC, electrical, plumbing systems
EXECUTIVE SUMMARY
Rare chance to own a standout State Street building in downtown Lockport's Historic District/Municipal Core, backing to Commerce St and the canal. This historic 6,264 sq ft brick, two-story property was built in 1936 as the Lockport Fire Department and later served as Lockport City Hall, having been fully modernized along the way with updated electrical, HVAC, fire protection, and elevator. Currently used as a non-profit office and retail headquarters, C4 Downtown Commercial zoning supports a range of uses, with ideal possibilities including restaurant or boutique retail on the main level, residential/office on the 2nd floor, and potential 3rd unit in the basement. Current layout includes main level vestibule, retail store with office and storage, conference room, safe/vault, and restrooms; upstairs several large offices, meeting rooms, and restrooms; full basement with large storage area that could be a 3rd unit facing Commerce Ave, plus elevator room and wet sprinkler system. Private parking lot for up to 10 cars in the rear, and recent facade/landscape improvements. Strong daily traffic exposure with AADT 11,900.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,310 SF
Building Class
B
Year Built
1900
Price
$847,000
Price Per SF
$134.23
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,155 SF
Building FAR
0.78
Lot Size
0.19 AC
Parking
15 Spaces (2.38 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (82)
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921 S State St
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