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3102 Louis Sherman Dr
Steger, IL 60475
Multi Unit Light Industrial · Industrial Property For Sale

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INVESTMENT HIGHLIGHTS

  • Multi Units, Fully Fenced and Gated Outdoor storage lot, 2 units w/move in ready office space, asphalt parking for 40 cars, separate utility meters.

EXECUTIVE SUMMARY

Multi-Tenant investment or Owner User light industrial building with fully fenced and gated outside storage yard. Building is currently divided into 3 units that can easily be expanded to 4 or 5 units. 3 phase power with Separate utilities (Water, Electric and Gas) to each of the 5 units. 5 bathrooms and 5-14 ft overhead doors. Warehouse areas provide 14 - 15 ft high ceilings with 70 ft clear span width. 2 of the units have around 1,500 sq ft of office space each. Building is constructed of heavy steel I beams, metal siding and roofing - providing long-term, low-cost maintenance. Asphalt paved parking lot for approximately 40 cars. Unit 3102 has an attached building generator and infrared tube heaters installed in warehouse area. B-3 zoning that will accommodate various uses such as auto repair, contractor office/warehouse, distribution, equipment/implement sales and various storage/warehousing operations- verify with City of Steger for approved uses. Building mostly vacant with one long term tenant on month-to-month basis. Stated income and expenses are "pro-forma". Excellent location - 2 miles to I 394 and 10 miles to I 80/ I 294.

PROPERTY FACTS Under Contract

Sale Type Investment or Owner User
Cap Rate 13.08%
Sale Conditions
1031 Exchange
  • Sale Leaseback
  • High Vacancy Property
Property Type Industrial
Property Subtype
Distribution
  • General Retail Auto Repair
  • Industrial Warehouse
  • Industrial Service
Building Class C
Lot Size 1.31 AC
Rentable Building Area 10,500 SF
No. Stories 1
Year Built/Renovated 1987/2002
Parking Ratio 3.81/1,000 SF
Clear Ceiling Height 15’
No. Drive In / Grade-Level Doors 5
Zoning B-3 - Contractor Office/Warehouse, Building Material Sales, Auto Repair, Equipment/Implement Sales and Various Storage/Distribution.

AMENITIES

  • Fenced Lot
  • Floor Drains
  • Mezzanine
  • Signage
  • Skylights
  • Storage Space
  • Air Conditioning

UTILITIES

  • Lighting
  • Gas - Natural
  • Water - City Water
  • Sewer - City Sewer
  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
32-33-315-024-0000
Land Assessment
$3,225 CAD
Improvements Assessment
$10,013 CAD
Total Assessment
$13,237 CAD
  • Listing ID: 35347885

  • Date on Market: 2025-04-02

  • Last Updated:

  • Address: 3102 Louis Sherman Dr, Steger, IL 60475

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