NOT LISTED FOR SALE

Estimated Value: $201,000

3.42 Acres
$58,772 Price per Acre
148,975 Sq Ft Lot

Last Sold March 31, 2022

Last sale price $2,400,000

Current estimated payment $1,296/month

730 Days on Market

Highlights

  • 3.42 Acre Lot
  • Hadley Middle School Rated 9+
  • Corner Lot

About This Lot

As of March 2022

Prime corner lot in Will County. This 3.42 acre parcel is now annexed into the city of Lockport and zoned C-3, improved with a brick ranch being sold as-is. It has 425' frontage on 159th St and 336' of frontage on Gougar Rd. The location of this property is at the hard corner of a signalized intersection just east of I355, with 63,000+/- cars per day on I355 and 15,000+/- cars per day on 159th. Currently, there is no sewer and water to property, but the City of Lockport will work with buyers on utility hook up. Great location for fuel, convenience store, fast food, and more.

Last Agent to Sell the Property

Sheri Prodehl

Coldwell Banker Real Estate Group License #471004429 Listed on: 01/20/2017

Coldwell Banker Real Estate Group

Last Buyer's Agent

Sheri Prodehl

Coldwell Banker Real Estate Group License #471004429 Listed on: 01/20/2017

Coldwell Banker Real Estate Group

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,899

Lot Details

  • 3.42 Acre Lot
  • Lot Dimensions are 425 x 344 x 440 x 336
  • Corner Lot
  • Property is zoned COMMR

Home Design

  • Mixed Use

Utilities

  • Electricity To Lot Line
  • Gas Available
  • Private Company Owned Well

Property Details

Property Type

Land

Est. Annual Taxes

$8,899

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Agricultural
  • Road Surface Type: Asphalt
  • General Information: Interstate Access
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Commercial, Retail

Exterior Features

  • Frontage Length: 425
  • Frontage Type: Public Road, Signal Intersection
  • List Price: 2900000
  • Waterfront: No

Utilities

  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer, Water Nearby, Well Private

Schools

  • Middle/Junior School District: 92

Lot Info

  • Lot Size Acres: 3.42
  • Lot Dimensions: 425 X 344 X 440 X 336
  • Zoning: COMMR
  • Lot Size: 3.0-3.99 Acres
  • Special Assessments: N
  • Land Amenities: Fencing
  • Land Description: Level,Wooded

Rental Info

  • Board Number: 17

Building Info

  • Building(s) on Land: Yes

Tax Info

  • Tax Annual Amount: 8899.46
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 8, 2023
Sold by
Bstp Lockport Llc
Bought by
Agree Convenience No 1 Llc
Current Estimated Value
$201,000

Purchase Details

Listed on
Jan 20, 2017
Closed on
Feb 24, 2022
Sold by
Lynn A Bachmann 2009 Trust
Bought by
Susan M Krause Self Declaration Of Trust
Seller's Agent
Sheri Prodehl
Coldwell Banker Real Estate Group
Buyer's Agent
Sheri Prodehl
Coldwell Banker Real Estate Group
List Price
$2,900,000
Sold Price
$2,400,000
Premium/Discount to List
-$500,000
-17.24%

Purchase Details

Closed on
Oct 23, 2018
Sold by
Bachmann Lynn A and Carol M Bachmann Revocable Tru
Bought by
Bachmann Lynn A and The Lynn A Achmann 2009 Trust

Purchase Details

Closed on
Aug 1, 2014
Sold by
Chicago Title Land Trust Company
Bought by
Bachmann Lynn A and Bachmann Revocable Liv Carol M

Purchase Details

Closed on
Nov 20, 2000
Sold by
Bachmann Carol M and Bachmann Revocable Liv Carol M
Bought by
Harris Bank Naperville and Trust #5979

Purchase Details

Closed on
Apr 3, 1995
Sold by
First National Bank Of Lockport
Bought by
Bachmann Carol M and Bachmann Revocable Liv Carol M
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Agree Convenience No 1 Llc $3,800,000 None Listed On Document
Susan M Krause Self Declaration Of Trust -- Broida And Nichele Ltd
Bachmann Lynn A -- Attorney
Bachmann Lynn A -- Chicago Title Land Trust Co
Harris Bank Naperville -- --
Bachmann Carol M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Harris Na $250,000
Previous Owner Harris Bank Naperville $300,000
Previous Owner Bachmann Carol M $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold $2,400,000 -17.2% --
01/25/2019 01/25/19 For Sale $2,900,000 +20.8% --
01/20/2019 01/20/19 Off Market $2,400,000 -- --
01/20/2019 01/20/19 Pending -- -- --
11/11/2018 11/11/18 Pending -- -- --
01/20/2017 01/20/17 For Sale $2,900,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2022 $4,666 $134,225 $52,089 $82,136
2021 $10,966 $127,167 $49,350 $77,817
2020 $10,936 $122,488 $47,534 $74,954
2019 $10,609 $117,834 $45,728 $72,106
2018 $10,382 $114,407 $45,204 $69,203
2017 $9,264 $111,205 $43,939 $67,266
2016 $9,049 $107,497 $42,474 $65,023
2015 $8,770 $103,462 $40,880 $62,582
2014 $8,770 $101,861 $40,572 $61,289
2013 $8,770 $101,861 $40,572 $61,289
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09482788

Midwest Real Estate Data (MRED)

APN: 16-05-20-100-001