Property profile

4055 Steele Dr Machesney Park, IL 61115

FOR SALE
Office Spaces
Property ID
US28-1876723
13,090 SF Built 2003
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 30,090 square foot flex space property, located at 4055 Steele Drive in Machesney Park, Illinois 61115, presents a unique investment opportunity. The building, constructed in 2002 and classified as Class B, offers a total of two suites, with 16,000 square feet currently vacant and ready for immediate occupancy. The property boasts ample parking with 112 spaces available. The building features 14-16 foot clear heights, ideal for a variety of uses. The zoning is designated as IG, allowing for flexibility in tenant improvements and operations. The location is highly desirable, situated north of Route 173 and within three miles of the I-90/39 interchange, providing easy access to major transportation arteries. The existing office areas are easily adaptable to flex or industrial uses, catering to a broad range of potential tenants. The 0.422-acre lot provides ample space for loading and maneuvering. The building does not include elevators. This multi-tenant property offers a significant opportunity for businesses seeking a strategic location with excellent accessibility and adaptable space.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2003
Total area 13,090 SF
APN 08-20-225-013
UPID US28-1876723

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Home Health Care Service

Location

4055 Steele Dr Machesney Park, IL 61115
Machesney Park metro Census 3805 ROCKFORD, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.50M
Comparable Approach Comparable
$3.29M
Blend (final) Blend
$2.50M

Owner & transaction history

since 2017
6 recorded transactions
2017
$3.8M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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