First National Bank of Lockport

Office for Sale
Catylist Listing ID: 30149431
Property Subtypes: Governmental, Mixed Use, Office Building, Other
Building Size (RSF): 6,000 SF
Sale Price: $584,000
Unit Price: $97.33 PSF
Property Use Type: Investment
Building Name: Iconic STATE Street Retail
Class of Space: Class B
Sale Terms: Other
Cap Rate: 8.8%
Last Updated: 10/18/2017

Overview / Comments

Prime Downtown Lockport location, State Street & 9th St., main corner of downtown area.
Business and Entertainment District, less than 1 block from Metra.
1st floor retail features Port Noir Wine Studio. Wine studio has approval to construct rooftop deck for additional 50 patrons.
2nd floor office fully leased. Tenants include Christian Cut Records, Morris Excavating, Oh Baby Co-op, White Lotus Weddings and Chicago Mortgage Funding.

Historic Downtown Lockport, less than 1 block from Metra. Entertainment and Business District, TIF funds exist for facade improvements. Near Canal Walk and bike path, part of Lockport Streetscape Improvement plan.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Will

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,872 53,721 197,886
Median Age: 36.9 34.75 35.03
Households: 2,763 17,661 68,110

Contact

Photograph of Listing Agent

William J. Caton

Caton Commercial ICEx Member
Photograph of Listing Agent

Andy Velkme

Caton Commercial Not a member of ICEx
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