April 30, 2025 – Anthony Spangler and Thomas Shanley of Horvath & Tremblay has successfully completed the sale of an eight (8) unit Industrial Property in Lockport, Illinois. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $2,650,000.
The Industrial Property is located at 3357 S State Street in Lockport, Illinois. The Industrial Property is improved by two buildings totaling 28,522 square feet on a combined 2.25 acres of land. The versatile Property offers eight (8) units and is 100% leased. The Property also offers dedicated areas of land for a contractor’s yard. Several of the in-place leases have below market rents. The Property offers upside by converting short-term or month-to-month tenants to long-term leases at market rates. The Property is strategically located along Lockport Road (IL Route 171), a primary commuter corridor. The Property enjoys outstanding visibility and frontage and is convenient to both Downtown Lockport and Downtown Joliet. The Property offers quick access to the area’s primary roadways including US Routes 6 and 30, IL Route 7 and Interstates 355 and 80.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.