Home Details for 15249 W 159th Street

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.