Contact us: 563.441.1776
Description
**New Price ** - Don't Miss This Deal Exceptional Investment Opportunity Prime Downtown Lockport Property Seize a rare chance to own a remarkable asset in the heart of Downtown Lockport. This impressive three-story brick building, located at 1016 State St., was constructed in 2023 and offers a unique blend of luxury and versatility in an unbeatable location. The property features four modern, high-end residential rentals alongside a flexible storefront/office space, making it an ideal investment opportunity. Fully leased, the building ensures immediate returns and is perfect for investors seeking a turnkey solution with a strong tenant base in both the residential and commercial sectors. Key Features: Four Sophisticated units: Thoughtfully designed with contemporary finishes, offering residents a luxurious living experience. Storefront/Office Space: An obvious commercial space that provides excellent exposure, perfect for retail or office use. Just steps away from the train station and close to major highways and Lewis University, ensuring easy accessibility for tenants and clients. This is your opportunity to invest in a high-yield, prime-location property that promises immediate cash flow and long-term value. Don't let this opportunity slip away-secure a top-tier asset in one of Lockport's most vibrant areas.
Property Highlights
Property Type: Commercial - Business
Building Description: 3.0 stories
Year Built: 2023
General Information
County: Will
Listed By:
Vylla Home
773-831-2000
MRED MLS
MLS ID: 12624825
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1016 State Street , Lockport, IL 60441.
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,699,999 | $1,699,999 | $1,699,999 |
| Down Payment | $59,500 | $0 | $340,000 |
| Monthly Mortgage Amount | $10,142 | $10,551 | $8,264 |
| Taxes | $2366 | $2366 | $2366 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $1,020 | $0 | $0 |
| Monthly Estimated Total | $14,024 | $13,413 | $11,126 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/24/2026. The listing information on this page last changed on 04/24/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 04/24/2026 12:12:58 AM EST) or MRED MLS (last updated Fri 04/24/2026 12:05:05 AM EST) or SCWMLS (last updated Thu 04/23/2026 11:54:43 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Thu 04/23/2026 10:15:31 PM EST) or Cedar Rapids MLS (last updated Thu 04/23/2026 10:44:22 PM EST) or NEIRBR MLS (last updated Fri 04/24/2026 12:08:46 AM EST) or ICAAR MLS (last updated Thu 04/23/2026 11:37:29 PM EST) or ECIMLS (last updated Thu 04/23/2026 11:44:17 PM EST) or RMLSA (last updated Fri 04/24/2026 12:10:59 AM EST) or Muscatine MLS (last updated Thu 04/23/2026 8:44:13 PM EST) or No Coast MLS (last updated Fri 04/24/2026 12:04:25 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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