1100 S State Street, Lockport, IL 60441 - Photo 1

1/1

$2,000,000

Sold
Closed
Commercial
Updated 3 days ago

1/1

Property Description

Historic mixed-use investment opportunity in Downtown Lockport featuring a stabilized income stream and long-term upside. Above the retail space are five fully leased apartments with spacious layouts, including large two-bedroom and unique two-story units, providing consistent residential income. The property includes a well-established restaurant tenant on a 10-year lease with annual increases, occupying approximately 4,500 SF and covering key utilities-helping reduce operating expenses.

Full Property Details

Full Property Details for 1100 S State St

General

Sold For: $2,000,000
Taxes: $11,949 (2024)
Status: Closed
Type: Commercial
Source: MRED
MLS ID: 12569469
Added to Site: 53 day(s) ago

Interior

Interior Features: Employee Kitchen, Storage Inside

Location

Area: Homer / Lockport
County: Will
Driving Directions: 171/ARCHER AVE/STATE STREET IN CENTER OF DOWNTOWN TO 11TH. ON NORTH EAST CORNER OF STATE & 11TH
Location Details: Corner

Heating & Cooling

Cooling Type: Central Air Conditioning, Central Individual
Heating Type: Forced Air, Gas

Structural Information

Basement Desc.: Storage Space
Stories/Levels: 2
Current Bldg. Use: Multi-Family
Year Built: 1895
Built Before 1978: Yes

Lot Features

Lot Size (Sq. Ft.): 13,541
Lot Dimensions: 13541
Potential Use: Commercial, Multi-Family
Zoning: COMMR

Financial Considerations

Operating Expenses: $53,160
Assessment Year: 1895
Tax Amount: $11,949
Tax Year: 2024
Tenant Pays: Electricity

Disclosures and Reports

Property ID: 1104233270010000

Listed by Listing Leaders Northwest, Inc
Sold by Listing Leaders Northwest, Inc

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Schools

Schools serving 1100 S State St

School Districts:Lockport School District 91, Lockport Township High School District 205

Name	Grades	Distance
Milne Grove Elementary School 565 East 7th Street, Lockport, IL 60441	PK-3	0.6 mi
Kelvin Grove Jr High School 808 Adams Street, Lockport, IL 60441	4-8	0.9 mi
Lockport Township High School East 1333 East 7th Street, Lockport, IL 60441	9-12	1.4 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1100 S State St

Date

Details

Price

Change

Source

4/07/2026

Sold

$2,000,000

—

MLS

2/17/2026

Listed

$2,000,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1100 S State St, Lockport, IL 60441 - Photo 1

Sold

$2,000,000