Date
Details
Price
Change
Source
1/31/2026
Listed
$229,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/8
$229,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/8
Property Description
Prime downtown commercial investment opportunity in Lockport, Illinois featuring a long-term, well-established tenant currently operating a successful catering/restaurant business (business not included in sale). This highly visible property benefits from an average annual daily traffic count of approximately 14,600 vehicles, offering excellent exposure and consistent customer flow. Zoned C-2, the site supports a wide range of commercial uses and is ideally located just under one-half mile north of 9th Street. The existing lease is in place through May 31, 2027, providing immediate, stable income for investors. An EPA No Further Remediation (NFR) letter is on file, offering additional peace of mind. A solid opportunity for investors seeking a well-positioned, income-producing asset in a thriving downtown corridor.
Full Property Details
Full Property Details for 301 S State St
General
- Price: $229,000
- Taxes: $3,149 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12539062
- Updated: 1/31/2026
- Added to Site: 1 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: Homer / Lockport
- County: Will
- Township: Lockport
- Driving Directions: Property located 1/4 mile north of the intersection of State St. and 9th St
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Structural Information
- Construction: Brick, Wood
- Exterior Const.: Brick, Wood
- Foundation: Concrete Perimeter
- Stories/Levels: 1
- Square Feet: 1,945
- Current Bldg. Use: Commercial
- Year Built: 1961
Unit Information
- # Tenants: 1
Lot Features
- Lot Size (Sq. Ft.): 19,834
- Lot Dimensions: 130 x 140 x 130 x 140
- Frontage: City Street
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Insurance Fee: $4,000
- Operating Expenses: $6,254
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1961
- Tax Amount: $3,149
- Tax Year: 2024
- Tenant Pays: Electricity, Insurance, Repairs, Sewer, All Utilities, Trash Collection
Disclosures and Reports
- Property ID: 1104231430010000
Listed by RE/MAX Ultimate Professionals
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agents
— 301 S State St —
RE/MAX Ultimate Professionals
RE/MAX Ultimate Professionals
NMLS#: 1598647
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 301 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 | 1.3 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 301 S State St
Tax History
Tax History for 301 S State St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,149
-6%
$36,682
—
2023
$3,361
—
$36,682
—
2022
$3,377
-2%
$36,682
—
2020
$3,453
-1%
$36,682
—
2019
$3,474
-2%
$36,682
—
2018
$3,559
-2%
$36,682
—
2017
$3,645
-3%
$36,682
—
2016
$3,739
-4%
$36,682
—
2015
$3,914
5%
$36,682
8%
2014
$3,719
2%
$33,965
—
2013
$3,650
10%
$33,965
—
2012
$3,333
—
$33,965
—
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 301 S State St
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Single Family
- Active
- Updated 20 hours ago
- 3Beds
- 2Total Baths
- 1,008Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 3Total Baths
- 1,968Sq. Ft.
Listed by Tracy Tran (630) 890-8947
![[Address not provided], Joliet, IL 60432 - Photo 1](https://m.cbhomes.com/p/155/12553116/68E64458aa534e7/s23cc.webp)
- Single Family
- Active
- Updated 10 hours ago
- 3Beds
- 2Total Baths
- 1,600Sq. Ft.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Condo / Townhouse
- Active
- Updated 4 days ago
- 2Beds
- 2Total Baths
- 1,194Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 1,649Sq. Ft.
- Townhouse
- Active
- Updated 3 days ago
- 2Beds
- 3Total Baths
- 1,579Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 3Total Baths
- 1,663Sq. Ft.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
301 S State Street, Lockport, IL 60441 (MLS# 12539062) is a Commercial property. 301 S State Street is currently listed for $229,000 and was received on January 31, 2026. Want to learn more about 301 S State 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.