3231 Chicago Rd Steger, IL 60475-1063
Property profile & analytics
3231 Chicago Rd Steger, IL 60475-1063
- Retail space
- 2.66 lot acres
Property ID
US28-1036443
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Sears Appliance Repair / Home Appliance Store
- Kmart / Department Store
Property Details for 3231 Chicago Rd
- Year built
- 1976
- Lot size
- 2.66 lot acres
- Property type
- Retail space
- APN
- 32-33-325-036
- APU
- 3233325036
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Steger
- County
- Cook
- State
- Illinois
- Longitude
- -87.6355
- Latitude
- 41.4727
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$192,412
$173,713
$301,287
$475,000
-
$694,852
$1,205,148
$1,900,000
