3239 Loverock Ave Steger, IL 60475
This 12,000-square-foot warehouse, built in 1996, is available for immediate occupancy. Located at 3239 Loverock Avenue in Steger, Illinois (Cook County, zip code 60475), this Class C industrial property sits on a 1.18-acre lot and offers significant potential. The warehouse features a 16-foot ceiling height, three loading docks, and is zoned M-1. The property includes three subdivided suites and approximately 11,500 square feet of outdoor storage space. An adjacent vacant lot is included in the sale, presenting an opportunity for building expansion or further outdoor storage development. The property benefits from excellent accessibility, being within a five-minute drive of Illinois Route 394, a key transportation artery in the Central Will submarket. The asking price is $800,000, representing a price per square foot of $66.67. This fee simple ownership opportunity is ideal for owner-occupiers or investors seeking a multi-tenant redevelopment project in a high-demand location. The property is currently vacant.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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