Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3147 Louis Sherman Dr Steger, IL 60475

    Sponsored
    For Sale
    $425,000

    Spacious Office/Warehouse, High Ceilings

    Property size:
    4,150 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 4,150 square foot commercial property, situated on a 0.72-acre lot at 3147 Louis Sherman Drive in Steger, IL, presents a unique opportunity for a variety of businesses. The property boasts a versatile layout, ideal for contractors or internet resellers, but adaptable to numerous other uses. The front building features three private offices, a large main room, and a newly renovated half-bath with updated mechanical systems. The spacious back warehouse area offers significant storage capacity, highlighted by two overhead doors and impressive 25-foot ceilings. Recent improvements include a brand-new cedar fence and a newly installed hardtop surface, enhancing both security and functionality of the outdoor space. The property's location in Steger, IL, offers convenient access to major transportation routes and a thriving local market. This move-in ready space combines the functionality of a warehouse with the professionalism of a modern office environment, making it an attractive option for businesses seeking a complete and efficient workspace. The asking price is $425,000. This is a must-see property for discerning business owners seeking a high-quality, versatile commercial space.

    Property Features for 3147 Louis Sherman Dr

    General Information

    Property type
    Investment properties
    Square Feet
    4,150 SF
    Lot Size
    31,363 SF

    Building Details

    Year Built
    1988
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Steger
    County
    Cook
    State
    Illinois
    Longitude
    -87.62534
    Latitude
    41.47358

    Nearby Comparable

    • $30,000
      0.92 Acres

      Wentworth Avenue Land in Steger

      Land on Wentworth Ave, Steger, with potential Lake Michigan water.
      22807 Wentworth Ave, Steger, IL 60475
      View Details
    • $249,900
      3,000 SF

      Steger Commercial Building - High Exposure

      Versatile 3,000 sq ft building, high visibility location.
      3334 Chicago Rd, Steger, IL 60475
      View Details
    • Contact for pricing

      9.32 Acre Industrial Land

      9.32 acre industrial land with access to major interstates.
      89 E Sauk Trl, S Chicago Heights, IL 60411
      View Details
    • $1,483,871
      6,767 SF

      Freestanding Single-Tenant Retail Opportunity

      Single-tenant net lease property with long-term operating history.
      3331 Chicago Rd, South Chicago Heights, IL 60411
      View Details
    • $775,000

      Fully Leased Investment Opportunity

      Seven-unit building with value-add potential in South Chicago Heights.
      3229 Commercial Ave, South Chicago Heights, IL 60411
      View Details
    • $179,900
      0.14 Acres

      Versatile Commercial Building in Steger

      3000 sq ft building with flexible space and utilities.
      3334 Chicago Rd, Steger, IL 60475
      View Details
    • $1,250,000
      25,713 SF

      Repair and Outdoor Storage. East Building 7

      500 sf Measures 60 x 125 used a Boat \/ Auto Repair facility CH 15'6\"" 4 DID: 10'W x 12'T 2 DID: 22'W x 14'T 2 DID 10' W x 14'T Additional Building to North of Main Building Needs major renovations and or tear down 2
      3645 Union Ave, Steger, IL 60475
      View Details
    • $6,350,000
      63,148 SF

      Fully Occupied Retail Center

      Multi-tenant retail center in South Chicago Heights, Illinois.
      3300-3332 Chicago Rd, South Chicago Heights, IL 60411
      View Details
    • Contact for pricing

      Land Opportunity in Steger

      Land parcel in Steger, IL, suitable for creative uses.
      26 E 35 St, Steger, IL 60475
      View Details
    • Contact for pricing
      9 SF

      9.32 Acre Industrial Land Parcel

      Industrial land parcel in South Chicago Heights with development incentives.
      201 E Sauk Trl, South Chicago Heights, IL 60411
      View Details

    Nearby Similar for Sale

    • $180,000
      0.14 Acres

      Steger Solid Brick Income Property

      Three-unit residential income property in great location with cash flow.
      39 Mckinley Ave, Steger, IL 60475
      View Details
    • $179,900
      0.14 Acres

      Versatile Commercial Building in Steger

      3000 sq ft building with flexible space and utilities.
      3334 Chicago Rd, Steger, IL 60475
      View Details
    • $210,000
      0.25 Acres

      Renovated Steger 2-Flat Investment

      Fully renovated 2-flat in Steger, generating $2,000 monthly income.
      3706 Chicago Rd, Steger, IL 60475
      View Details
    • $875,000
      0.80 Acres

      Steger Auto Dealership and Repair

      Profitable auto business with real estate and equipment included.
      450 W 34Th St, Steger, IL 60475
      View Details
    • $1,499,000
      1.39 Acres

      Steger Retail Strip Center

      Fully occupied strip center with long-term tenants and ample parking.
      430-438 W 34Th St, Steger, IL 60475
      View Details
    • $249,900
      3,000 SF

      Steger Commercial Building - High Exposure

      Versatile 3,000 sq ft building, high visibility location.
      3334 Chicago Rd, Steger, IL 60475
      View Details
    • $1,250,000
      25,713 SF

      Repair and Outdoor Storage. East Building 7

      500 sf Measures 60 x 125 used a Boat \/ Auto Repair facility CH 15'6\"" 4 DID: 10'W x 12'T 2 DID: 22'W x 14'T 2 DID 10' W x 14'T Additional Building to North of Main Building Needs major renovations and or tear down 2
      3645 Union Ave, Steger, IL 60475
      View Details
    • $1,550,000
      11,300 SF

      Prime Steger Strip Mall Investment

      Five-Store Center, Steady Income, High Occupancy
      430-438 34Th St, Steger, IL 60475
      View Details

    FAQs

    What type of property is this?
    Investment property - Spacious Office/Warehouse, High Ceilings
    Where is this investment property located?
    The property is located at 3147 Louis Sherman Dr Steger, IL.
    What is the asking price?
    The asking price for this property is $425,000.
    (708) 669-7344
    Request Owner's contact information
    3147 Louis Sherman Dr Steger, IL 60475
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3147 Louis Sherman Dr
    Steger, IL 60475
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3147 Louis Sherman Dr Steger, IL 60475
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.