Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR SALE
    Office Spaces

    4055 Steele Dr, Machesney Park, IL 61115

    13,090 SF Built 2003
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US28-1876723
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Option Care Home Health Care Service
    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
    Rockford Option Care LLC · 9 yrs held
    Rockford Option Care LLC
    since 2017
    6 recorded transactions
    2017
    $3.8M
    1969
    1969
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message