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0 Beds
6,264 sqft

$843,000

921 S State Street, Lockport IL, 60441

Price per sqft$134.58
Built in1936
Property size6,264 sqft
Property typeOther
Listed by Alexander Fenske with Keller Williams Preferred Rlty 708-508-2539

Overview

Active

Listed Jan 8, 2026

Updated 3 weeks ago

Rare opportunity to own a distinctive 6,264 SF mixed-use building in downtown Lockport's Historic District and Municipal Core. Built in 1936 as the Lockport Fire Department and later used as City Hall, the property has been modernized with updated electrical, HVAC, fire protection and passenger elevator. The existing layout lends itself well to an owner-user plus income-producing office suite strategy, with minimal reconfiguration required to create multiple rentable spaces. Proposed stabilized configuration includes a 1,235 SF street-level retail/office suite, additional main-floor office, five second-floor professional suites, and a 714 SF basement unit/storage area, supported by shared conference room, kitchen, restrooms, elevator and private rear parking. Projected stabilized rental income of $136,200 and NOI of $63,590 indicate an approximate 7.5 cap rate at the current asking price, subject to lease-up and buyer verification. Owner-user could occupy the main retail/office suite and lease the balance to balance occupancy costs, or a larger tenant could occupy the entire main level. C4 Downtown Commercial zoning supports a range of office, retail, service and other commercial uses. Strong State Street exposure with approximately 11,900 AADT.

$5,609/mo

Est. mortgage payment based on a $843,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12536205

Interior Features

Bedrooms
0
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.19 Acres
MLS provider logo

Listed by Alexander Fenske with Keller Williams Preferred Rlty 708-508-2539

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Data is refreshed every 3 hours. Listing last updated 4:27 AM UTC on 9/2/2026. 

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