140 State St Calumet City, IL 60409
- Industrial properties
- 880 SF
- 0.08 lot acres
Current Use by Public Records
- Advance Products Inc / Machine Shop
Property Details for 140 State St
- Year built
- 1898
- Lot size
- 0.08 lot acres
- Property size
- 880 SF
- Property type
- Industrial properties
- APN
- 30-08-203-027
- APU
- 3008203027
Description
This 8,160-square-foot flex space industrial building in Calumet City, Illinois, is available for $999,000. The property features 2,160 square feet of office space, including three private offices, a conference room, an open reception area, and a bathroom. The 6,000-square-foot warehouse boasts two suspended gas heaters, a slot floor drain, and three ceiling fans. Access is provided by a 10' x 14' drive-in door and a dock with a 10' x 14' overhead door, canopy leveler, and sump pump. The building has 400 amps of 120/240-volt electric service. A forklift is available for separate purchase. The property offers ample land for additional parking or fenced storage. 2023 property taxes were $10,959.75 ($1.34/SF). The location benefits from high traffic counts (8,000 cars/day in 2022, per INDOT) and proximity to major transportation arteries: 1/4 mile west of the Indiana/Illinois state line, 1 mile west of US Highway 41, 1.5 miles south of I-94, 3 miles north of the Indiana Toll Road, and 8 miles north of US Highway 30. The property is situated on State Street between Wentworth Avenue and the Indiana State Line Road, near various businesses including ALTA Material Handling, Hasse Construction, Linz Meats, Calumet City Public Safety Training Center, Strack and Van Til, and Wendy's.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $330,000
- 6.5%
- $295,000
- 7%
- $320,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $335,000
- Geo Method
- $330,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $350,000
- Retail
- $285,000
- Mixed-Use
- $325,000
- Hospitality
- $355,000
- Educational
- $285,000
- Residential Income
- $320,000
- Energy
- $285,000
- Income-Based Land
- $300,000
- Food Service
- $360,000
Location Insight
- Map
- Local Demand
- City
- Calumet City
- County
- Cook
- State
- Illinois
- Longitude
- -87.5278
- Latitude
- 41.6229
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
