I-355 Development Opportunity

16250 W 159th St Lockport, IL 60441

16250 W 159th St, Lockport, IL, 60441
16250 W 159th St, Lockport, IL, 60441 16250 W 159th St, Lockport, IL, 60441
FOR SALE
Property Type:
Other Land
Amount:
$2,651,000
Last Verified:
Apr 16, 2024
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Highlights

  • Tremendous potential for commercial development project in ideal location next to I-355
  • Zoned C-3 – General Commercial, Mixed-Use, & Retail Development with extra building height approved
  • Multi-Family Re-Zoning Possible
  • Low Will County Taxes

Description

18.61 Acres located off I-355 interchange in Lockport for sale.

Ideally located near the I-355 and 159th St interchange. Just minutes from the historic downtown district, known for its charming shops and diverse dining options.

Lot Size: 18.61 acres


Documents

Sale Brochure (New)

Map of 16250 W 159th St, Lockport, IL, 60441

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.