15249 W 159th Street, Lockport, IL 60441
Local realty services provided by:Better Homes and Gardens Real Estate Connections
15249 W 159th Street,Lockport, IL 60441
$700,000
- 4.92 Acres
- Lots / Land
- Active
Listed by: jeff jakob
Office: coldwell banker real estate group
MLS#:11957232
Source:MLSNI
Price summary
- Price:$700,000
About this home
INVESTMENT OPPORTUNITY: PRIME 4.92 ACRE COMMERCIAL CORNER LOT ON 159TH STREET CORRIDOR 15249 W 159th St, Lockport, IL 60441 (Unincorporated Homer Township) EXECUTIVE SUMMARY FOR DEVELOPERS & INVESTORS: This is a high-impact, corner development site offering a scarce combination of major highway access, high traffic counts, and minimal immediate retail competition in a high-income, underserved market. This is the crucial "first-off-the-exit" retail site on the eastbound side of the I-355 interchange. THE INVESTMENT ADVANTAGE Unbeatable Location & Access Highway Intersect: Located only 1 mile East of the I-355 (Veterans Memorial Tollway) full interchange at 159th Street (Route 7). This ensures constant traffic flow from regional commuters and travelers. High-Visibility Corner: Significant frontage on both 159th Street (approx. 585 ft) and Leach Drive (approx. 354 ft), providing dual-access points for high-volume users like QSRs, Banks, and Gas/Convenience. Traffic Counts: Over 17,000 Vehicles Per Day (VPD) on 159th Street, a figure poised to grow with continuous residential development in Lockport and Homer Glen. Retail Void: The site benefits from a clear lack of major retail and Quick-Service Restaurant (QSR) competition immediately following the I-355 exit, positioning it perfectly to capture immediate consumer demand. Strong Commercial Fundamentals & Demographics Affluent Market: The Lockport / Homer Glen area boasts a very strong demographic profile. The Median Household Income in Lockport is approximately $113,252 (as of 2023 data), indicating an excellent consumer base with high disposable income. Growth Corridor: Will County is one of the fastest-growing regions in Illinois. The surrounding area is marked by new, upscale residential developments, guaranteeing future customer growth. Low Operating Costs: Located in unincorporated Will County/Homer Township, this property benefits from significantly lower Will County property taxes (Annual Taxes approximately $1,153) compared to many incorporated municipalities, maximizing a developer's potential return on investment (ROI). Development & Value-Add Potential Flexible Zoning: Zoned Commercial with high potential for a variety of high-demand commercial uses. Possible uses include: Quick-Service Restaurant (QSR) w/ Drive-Thru (Highly sought after in this corridor). Medical/Dental/Professional Office Building (Serving the growing affluent residential base). Gas Station / C-Store (Prime exit location). Retail Strip Center (Targeting neighborhood convenience). Infrastructure: Utilities (Electric, Gas, Water, and Sanitary Sewer) are available nearby at the street, minimizing site development costs and expediting the timeline to construction. Subdivision Potential: The size (4.92 AC) and corner configuration are ideal for sub-dividing into two or three high-value outlots to maximize sales value or create a complementary multi-tenant development. This is a rare opportunity to acquire a strategic commercial corner in one of the strongest growth corridors in the Southwest Suburbs.
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Home facts
- Listing ID #:11957232
- Added:667 day(s) ago
- Updated:November 11, 2025 at 11:43 AM
Structure and exterior
- Lot area:4.92 Acres
Schools
- High school:Lockport Township High School
Finances and disclosures
- Price:$700,000
- Tax amount:$1,153 (2022)
Copyright 2025 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.New listings near 15249 W 159th Street
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