3102 Louis Sherman Dr - Distribution FOR SALE


Steger, IL 60475
$995,000 USD
708-612-2782
3102 Louis Sherman Dr, Steger, IL for Sale
$995,000 USD
Distribution - FOR SALE
1/15
null | 13.08% Cap Rate

3102 Louis Sherman Dr
Steger, IL 60475


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.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$95 USD /SF

CAP RATE

13.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Multi Unit Light Industrial

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

ADD'L SUBTYPES

Auto Repair, Warehouse, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

UTILITIES

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

CLEAR CEILING HT

15 Ft

DOCKS

-

DRIVE INS

5

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.31

LAND SF

57,064

ZONING

B-3

APN/PARCEL ID

32-33-315-024-0000

ASK ABOUT THIS PROPERTY

Mark WrightColdwell Banker Commercial RealtyMore Info
708-612-2782

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Mark WrightColdwell Banker Commercial RealtyMore Info
708-612-2782

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.