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Property profile & analytics
FOR SALE
Retail space

3334 Chicago Rd Steger, IL 60475

0.14 ac lot Built 1948
Individually Owned 3-yr Hold Free & Clear
Property ID
US28-0876637
Property summary
AI-generated overview

This 3,000 square foot commercial building in Steger, Illinois, presents a unique opportunity for business owners and investors. Located at the intersection of Chicago Road and Steger Road, the property boasts excellent visibility and accessibility. The building is highly adaptable, offering flexible space configurations. It can be utilized as a single large space, or easily divided into two units (2,000 sq ft and 1,000 sq ft) or three units (each 1,000 sq ft). The building includes functional restrooms and a utility room equipped with a utility sink and plumbing for a potential additional bathroom. Modern amenities include individual furnaces, newer tankless water heaters, central air conditioning units, and a robust 200-amp electrical service. A private parking lot is situated at the rear of the building, providing ample parking for tenants or customers. Recent renovations have been completed, making the property move-in ready. The "as-is" sale condition reflects the current state of the property, which is fully functional and ready for immediate occupancy or leasing. This versatile building is ideal for a variety of business uses, offering a strong return on investment for the discerning buyer. High traffic counts at this intersection ensure excellent exposure for any business operating from this location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1948
Lot 0.14 ac (6,250 SF)
APN 32-32-429-020
UPID US28-0876637
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Janice Jenkins · 3 yrs held
Janice Jenkins
since 2023
Last sale
$35,000
2 recorded transactions
2023
Price N/A
2017
$35,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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