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Property summary
This 87,406 square foot vacant retail building presents a unique redevelopment opportunity in Steger, Illinois. Situated on a 2.75-acre lot in the Steger-Chicago Road TIF District, this single-story, 1980-built structure boasts B-1 zoning and excellent visibility along Chicago Road. The property features approximately 400 parking spaces, including 14 ADA-compliant spots, and benefits from a daily vehicle count exceeding 22,000. The building itself offers a 24-foot high exterior and interior… ceiling heights ranging from 11 to 18 feet, along with multiple storage areas, two semi-truck docks, and a robust HVAC system comprising ten 10-15 ton rooftop units. Electrical service includes a 1200-amp, 277-480-volt, three-phase, four-wire main distribution panel with step-down transformers. The property also includes ADA-compliant common toilets, a comprehensive fire suppression system, and ample space for a variety of retail uses. Taxes have been significantly reduced to $134,000 and are projected to decrease further to $100,000. The property's location within a thriving commercial corridor, near numerous national retailers, and its proximity to major roadways (easy access to I-394 and I-94/90) make it an ideal investment. Detailed building schematics are available upon request. The property is currently vacant with an occupancy date of February 1, 2024. This redevelopment opportunity offers significant potential for investors seeking a high-traffic, well-located retail space in a growing market.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 8 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- Lot area
- 2.66 ac
- Year built
- 1976
- Stories
- 1
- APN
- 32-33-325-036
- Assessed value · 2022
- $475,000
- Annual tax · 2022
- $192,412
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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