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Property profile & analytics
OFF-MARKET
Warehouses

3239 Loverock Ave Steger, IL 60475

12,000 SF 1.18 ac lot Built 1996
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Year built 1996
Total area 12,000 SF
Lot 1.18 ac (51,401 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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