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    Property profile & analytics

    Nwc I-57 & Steger Rd Steger, IL 60571

    • Land
    • 80.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Nwc I-57 & Steger Rd

    Lot size
    80.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 80-acre commercial and industrial land parcel presents a unique investment opportunity in the thriving Lakewood TIF District of Monee Township, Cook County, Illinois. Strategically located at the Northwest corner of I-57 and Steger Road, this property boasts over 2600 feet of I-57 frontage, providing unparalleled visibility and accessibility. The site benefits from high traffic counts, with over 44,300 vehicles daily on I-57 and 2,350 vehicles daily on Steger Road. Its location offers direct access to I-57 at Sauk Trail, placing it just minutes from a newly constructed Walmart. The Lakewood TIF District actively encourages development, making this land ideal for a variety of projects, including retail, medical/office, and light industrial uses. This Class 6b eligible property is further enhanced by its convenient proximity to major transportation arteries and established commercial centers. Annual property taxes are $2,468.95. The property's PIN number is 31-32-401-002. A video showcasing the property is available online. This offering is subject to a purchase agreement. Contact us today for detailed information and to explore the potential of this prime location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Steger
    County
    Cook
    State
    Illinois
    Longitude
    -87.6419
    Latitude
    41.5023
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    Nwc I-57 & Steger Rd
    Steger, IL 60571
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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
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