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$423,500
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Property Description
Classic brick office building featuring art deco design elements in Historic Downtown Lockport. Busy corner location ideal for retail, benefiting from the Downtown Streetscape Plan with brick walkways, decorative planter, shade tree, shrubs and perennials along with the redone free municipal parking lot. Currently three units with separate mailing addresses and entrances, but could be converted to one or two units. All three units are occupied and leased below market rate, which is approx 16 SF/Y. Two units are leased to long-standing office tenants. Barrel roof construction (non-load bearing walls) allows for flexible, cost-effective reconfiguring of the units. No basement, insulated and accessible full-span attic. Many recent improvements including LED lighting throughout, comprehensive fire alarm system (2017), awnings, 3 furnaces, 2 A/C units, flooring and 2 bathroom remodels make this a desirable turnkey property. Be a part of the retail resurgence in beautiful Downtown Lockport.
Full Property Details
Full Property Details for 131 E 9th St
General
- Sold For: $423,500
- Taxes: $4,970 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12171980
- Added to Site: 506 day(s) ago
Interior
- Interior Features: Passenger Elevator(s), Private Restroom(s)
Additional Information
- Security/Safety: Alarm Monitored
Parking
- Parking Features: Public Lot
Location
- Area: Homer / Lockport
- County: Will
- Driving Directions: State St east on 9th St. to the corner of 9th St and Hamilton St.
- Location Details: Central Business District, Corner
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Exterior Const.: Brick
- Stories/Levels: 1
- Square Feet: 3,750
- Current Bldg. Use: Commercial
- Year Built: 1930
Unit Information
- # Tenants: 3
Lot Features
- Lot Size (Sq. Ft.): 3,950
- Lot Dimensions: 54.5 x 71.7 x 55.4 x 72
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $12,059
- Security Deposit: Alarm Monitored
- Assessment Year: 1930
- Tax Amount: $4,970
- Tax Year: 2023
- Tenant Pays: Air Conditioning, Electricity, Heat
Disclosures and Reports
- Property ID: 1104233250220000
Listed by Cihla Realty LLC
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Schools
Schools serving 131 E 9th 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 | 0.4 mi |
Kelvin Grove Jr High School 808 Adams Street, Lockport, IL 60441 | 4-8 | 0.8 mi |
Lockport Township High School East 1333 East 7th Street, Lockport, IL 60441 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 131 E 9th St
Date
Details
Price
Change
Source
1/30/2025
Sold
$423,500
-3.75%
MLS
10/02/2024
Listed
$440,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
131 E 9th Street, Lockport, IL 60441 (MLS# 12171980) is a Commercial property that was sold at $423,500 on January 30, 2025. Want to learn more about 131 E 9th Street? Do you have questions about finding other Commercial real estate for sale in Lockport? You can browse all Lockport real estate or contact a Coldwell Banker agent to request more information.


