3334 Chicago RdSteger, IL 60475

Property Details for 3334 Chicago Rd

Year built

1948

Lot size

0.14 AC

Property type

Retail space

APN

32-32-429-020

APU

3232429020

Description

This 3,000 square foot commercial building in Steger, Illinois, presents a unique opportunity for business owners and investors. Located at the intersection of Chicago Road and Steger Road, the property boasts excellent visibility and accessibility. The building is highly adaptable, offering flexible space configurations. It can be utilized as a single large space, or easily divided into two units (2,000 sq ft and 1,000 sq ft) or three units (each 1,000 sq ft). The building includes functional restrooms and a utility room equipped with a utility sink and plumbing for a potential additional bathroom. Modern amenities include individual furnaces, newer tankless water heaters, central air conditioning units, and a robust 200-amp electrical service. A private parking lot is situated at the rear of the building, providing ample parking for tenants or customers. Recent renovations have been completed, making the property move-in ready. The "as-is" sale condition reflects the current state of the property, which is fully functional and ready for immediate occupancy or leasing. This versatile building is ideal for a variety of business uses, offering a strong return on investment for the discerning buyer. High traffic counts at this intersection ensure excellent exposure for any business operating from this location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,952,601

  6.5%

  $2,725,478

  7%

  $2,530,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,051,438

  Geo Method

  $2,051,438

• Alternative Use

  Use

  Valuation

  Residential

  $2,299,042

  Hospitality

  $2,105,910

  Educational

  $1,752,093

  Medical

  $1,812,350

  Retail

  $2,725,478

Location Insight

City

Steger

County

Cook

State

Illinois

Latitude

41.4703

Longitude

-87.6364

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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