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Property profile

21141 Governors Hwy Matteson, IL 60443

FOR SALE
Retail space
Property ID
US28-1005562
2.62 ac lot Built 1970
Last sale May 2014 · $350,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This multi-tenant office building is located in Matteson, Illinois, on approximately 2.62 acres of land and includes an on-site parking lot. The building has an approximate total area of 22,523 square feet and is configured for multiple office tenants. The property has had HVAC improvements, and it is presented in an as-is condition. It is suited for investment uses, potential development, or owner-occupancy depending on the intended reconfiguration within the existing office layout.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$115k
Tax billed · 2022
Assessed value$213k
Assessed land$128k
Assessed improvement$85k
Effective rate54.25%

Value estimate

· Oct 2026
$385k
$347k – $424k
AI approach$385k
NOI build-up
Gross scheduled income$551k
Vacancy & credit loss−$137k
Operating expenses−$104k
NOI · 66.22% cap applied$311k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$149/SF
County average, outlier-cleaned · 2350 recorded sales of this use type
Observed band · Q1–Q3$70 – $271

Cap rate analysis

How does the asset earn?
66.22%
$311k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOOK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency16.0
Law Firm13.6
Kitchen & Bath11.7

Location

21141 Governors Hwy Matteson, IL 60443
County assessor Recorded deeds · 9 transfers Qualifying comp sales · not on file Zoning catalog · not on file

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 · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3535 211th, Matteson, IL 60443-2581 $132,500 May 2025 No data
4059 211th St, Matteson, IL 60443-2401 $1,175,000 Feb 2025 No data
4340 211th, Matteson, IL 60443-2445 $1,400,000 Nov 2024 No data
3603 213th, Matteson, IL 60443-2546 $285,000 Sep 2024 No data
3746 216th, Matteson, IL 60443-2715 $250,000 Aug 2024 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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