Commercial Land - Corner Development Opportunity

602-604 East 7th Street Lockport, IL 60441

602-604 East 7th Street, Lockport, IL, 60441
602-604 East 7th Street, Lockport, IL, 60441 602-604 East 7th Street, Lockport, IL, 60441 602-604 East 7th Street, Lockport, IL, 60441
FOR SALE
Property Type:
Other Land
Amount:
Please Call Broker for Price

Last Verified:
Sep 16, 2024

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Highlights

  • Mixed-use, Retail, Hotel, Restaurant Development Opportunity
  • Corner of 7th St and 9th St/Route 7 at stoplight
  • 159 ft. of frontage with unobstructed view of the corner offering a long lasting, impressionable view from the stoplight
  • Low Will County taxes

Description

Commercial development Opportunity in Lockport

Located in the heart of downtown Lockport
1.8 miles from I-355
Seven (7) miles from two (2) New Lenox development projects: Multi-Sport Complex and Children's Museum (2025 delivery)
Directly across the street from newly developed fire station
Within 3 blocks of Lockport East High School, Milne Grove School, St. Joseph Catholic School, and Calvin Grove School

Lot Size: 0.84 acres


Documents

Sale Brochure (New)

Map of 602-604 East 7th Street, Lockport, IL, 60441

Presented by:
Caton Commercial Real Estate Group

Request additional information
Matthew Maul


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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.