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    FOR SALE
    Retail space

    3334 Chicago Rd, Steger, IL 60475

    0.14 ac lot Built 1948
    Individually Owned 3-yr Hold Free & Clear
    Property ID
    US28-0876637
    Property summary
    AI-generated overview

    This 3,000 square foot commercial building in Steger, Illinois, presents a unique opportunity for business owners and investors. Located at the intersection of Chicago Road and Steger Road, the property boasts excellent visibility and accessibility. The building is highly adaptable, offering flexible space configurations. It can be utilized as a single large space, or easily divided into two units (2,000 sq ft and 1,000 sq ft) or three units (each 1,000 sq ft). The building includes functional restrooms and a utility room equipped with a utility sink and plumbing for a potential additional bathroom. Modern amenities include individual furnaces, newer tankless water heaters, central air conditioning units, and a robust 200-amp electrical service. A private parking lot is situated at the rear of the building, providing ample parking for tenants or customers. Recent renovations have been completed, making the property move-in ready. The "as-is" sale condition reflects the current state of the property, which is fully functional and ready for immediate occupancy or leasing. This versatile building is ideal for a variety of business uses, offering a strong return on investment for the discerning buyer. High traffic counts at this intersection ensure excellent exposure for any business operating from this location.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1948
    Lot 0.14 ac (6,250 SF)
    APN 32-32-429-020
    UPID US28-0876637
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Janice Jenkins · 3 yrs held
    Janice Jenkins
    since 2023
    Last sale
    $35,000
    2 recorded transactions
    2023
    2017
    $35,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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