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    5552 Steger Rd Monee, IL 60449

    Sponsored
    For Sale
    Contact for pricing

    Prime Commercial Land Near I-57

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 9.45-acre commercial land parcel presents a unique investment opportunity in Will County, Illinois. Strategically located at 5552 W Steger Rd, Richton Park, zip code 60449, the property boasts convenient access to I-57 via a four-way interchange. Its R-4 zoning allows for diverse development options, including single-family, multi-family residential, and industrial/trucking uses. The site's significant advantage lies in its proximity to numerous Fortune 500 companies, such as Amazon, Georgia-Pacific, Smucker's, Hankook, Federal Signal, Dot, Clorox, Solo Cup, and XPO Logistics. This prime location offers excellent visibility and accessibility for businesses. Furthermore, the property presents the potential for annexation to either Richton Park or University Park, providing additional development flexibility and potential benefits. The latitude and longitude coordinates are 41.4704414 and -87.7478454 respectively. This is a rare opportunity to acquire a large, well-located parcel with significant development potential in a thriving industrial and commercial corridor. Serious inquiries are encouraged.

    Property Features for 5552 Steger Rd

    General Information

    Property type
    Land
    Lot Size
    411,642 SF

    HighLights

    • High‑profile location directly across from multiple Fortune 500 company headquarters including Amazon, Georgia‑Pacific, Smucker's, Hankook, Federal Signal, Dot Foods, Clorox, Solo Cup, and XPO Logistics.
    • Excellent access to I‑57 via the four‑way Steger Road interchange.
    • Potential for annexation to Richton Park or University Park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Auto Parts Store Pharmacy Skin Care Clinic Accounting Firm Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Monee
    County
    Will
    State
    Illinois
    Longitude
    -87.7478454
    Latitude
    41.4704414

    Nearby Comparable

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land Near I-57
    Where is this land located?
    The property is located at 5552 Steger Rd Monee, IL.
    What are key features of this property?
    This property features: High-profile location directly across from multiple Fortune 500 company headquarters including Amazon, Georgia-Pacific, Smucker's, Hankook, Federal Signal, Dot Foods, Clorox, Solo Cup, and XPO Logistics.; Excellent access to I-57 via the four-way Steger Road interchange.; Potential for annexation to Richton Park or University Park.
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    5552 Steger Rd Monee, IL 60449
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    Monee, IL 60449
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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
    5552 Steger Rd Monee, IL 60449
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