Property summary
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
VerifiedCap rate & NOI
Current use
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Home Health Care Service
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Machesney Park market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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