16610 W 159th Street #103, Lockport, IL 60441 - Photo 1

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$700,000

For Sale
Active
Office
4,000 Sq. Ft.

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Property Description

Great investment potential! A one-story, all-brick office building with a full basement, featuring nine-foot ceilings and located on a high-traffic stretch off 159th. Generous parking available around the units. In a community of multi-use buildings and neighboring a new residential rental development. The property includes a vestibule entry into a lobby with adjacent reception area as well as side entry. 6 office areas, a wet bar and bathroom on the main. Elevator or staircase to finished basement with a large conference room, an eat-in kitchen, a bathroom, numerous closets and storage areas. It boasts high-efficiency central air conditioning and 80% efficient gas forced air. Conveniently walkable to Jewel, Walmart, Walgreens, and various dining options. A short drive to I-355, Currently rented through 11/2026 at $6,000 mo. (8% CAP rate).

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Full Property Details

Full Property Details for 16610 W 159th St #103

General

Price: $700,000
Taxes: $8,719 (2024)
Status: Active
Type: Office
Source: MRED
MLS ID: 12440771
Updated: 1/23/2026
Added to Site: 204 day(s) ago

Additional Information

Security/Safety: Alarm on Site

Location

Area: Homer / Lockport
County: Will
Township: Lockport
Driving Directions: 159th St between Farrell & Gouger Rd North side.
Location Details: Southwest Suburban, Office Park

Heating & Cooling

Cooling Type: Central Air Conditioning
Heating Type: Central Heat/Individual Controls, Forced Air

Structural Information

Construction: Brick
Exterior Const.: Brick
Foundation: Concrete Perimeter
Stories/Levels: 1
Square Feet: 4,000
Current Bldg. Use: Office
Year Built: 2006

Unit Information

# Tenants: 1

Lot Features

Zoning: OFFIC

Financial Considerations

For Sale/Rent/Lease: For Sale Only
Operating Expenses: $17,000
Security Deposit: Alarm On Site
Assessment Year: 2006
Tax Amount: $8,719
Tax Year: 2024

Disclosures and Reports

Property ID: 1505183050581004

Listed by Century 21 Circle

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Schools

Schools serving 16610 W 159th St #103

School Districts:Lockport Township High School District 205, Will County School District 92

Name	Grades	Distance
Walsh Elementary School, Lockport, IL 514 MacGregor Road, Lockport, IL 60441	PK-1	0.8 mi
Ludwig Elementary School 710 North State Street, Lockport, IL 60441	4-5	1.4 mi
Reed Elementary School 14939 W 143rd St, Homer Glen, IL 60491	2-3	2.8 mi
Oak Prairie Jr High School 15161 S Gougar Rd, Homer Glen, IL 60491	6-8	1.1 mi
Lockport Township High School East 1333 East 7th Street, Lockport, IL 60441	9-12	0.8 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 16610 W 159th St #103 Get Price Alerts and Save Property

Date

Details

Price

Change

Source

8/20/2025

Listed

$700,000

105.88%

MLS

12/18/2019

Sold

$340,000

—

Public Record

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

Tax History

Tax History for 16610 W 159th St #103

Year

Property Taxes

Change

Tax Assessment

Change

2024

$8,719

-5%

$106,988

—

2023

$9,200

-2%

$106,988

-1%

2022

$9,357

-4%

$108,447

—

2020

$9,757

-1%

$108,447

—

2019

$9,845

$108,447

2018

$9,741

-1%

$105,745

—

2017

$9,856

-1%

$105,745

—

2016

$10,005

$105,745

2015

$9,822

$101,776

10%

2014

$9,000

-1%

$92,326

—

2013

$9,110

$92,326

—

2012

$8,580

—

$92,326

—

View All

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

Estimate the Cost

Estimate the Cost for 16610 W 159th St #103

16610 W 159th Street #103, Lockport, IL 60441 (MLS# 12440771) is a Office property. 16610 W 159th Street #103 is currently listed for $700,000 and was received on August 20, 2025. Want to learn more about 16610 W 159th Street #103? Do you have questions about finding other Office real estate for sale in Lockport? You can browse all Lockport real estate or contact a Coldwell Banker agent to request more information.

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16610 W 159th St #103 Lockport, IL 60441