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    21141 Governors Hwy Matteson, IL 60443

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    For Sale
    $469,000

    Multi-tenant office building on 2.62 acres in Matteson, IL.

    Property size:
    22,523 SF
    Lot size:
    2.62 Acres

    Property Features for 21141 Governors Hwy

    General Information

    Size
    22,523 SF
    Lot size
    2.62 Acres

    Source: Mike Velasco Agent Mike Velasco

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Matteson Multi-Tenant Office Building

    Available for sale is a multi-tenant office building with a parking lot, situated on approximately 2.62 acres of land. The property is located in Matteson, IL. The building has seen recent HVAC improvements and is being sold in as-is condition. The property, with a building size of 22523 square feet, presents an opportunity for investment, development, or owner-users.
    Insight Report Location Intelligence

    Current Use by Public Records

    Viewpoint Neurology Medical Clinic vip security inc Security Service Evelyn Randle, Managing ... Real Estate Agent Robyn Morgan Psychologist Sheraine Lathon Evangelistic Religious Organization

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Matteson
    County
    Cook
    State
    Illinois
    Longitude
    -87.7113987
    Latitude
    41.5045518

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    FAQs

    What type of property is this?
    Office building - Multi-tenant office building on 2.62 acres in Matteson, IL.
    Where is this office building located?
    The property is located at 21141 Governors Hwy Matteson, IL.
    What is the asking price?
    The asking price for this property is $469,000.
    What are key features of this property?
    This property features: - Prime investment, development, or owner/user opportunity.; - Multi-tenant office building.; - Large lot size: **2.62± acres**.
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    21141 Governors Hwy Matteson, IL 60443
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    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
    21141 Governors Hwy Matteson, IL 60443
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