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Industrial Multi Tenant - Steger, IL

$1,250,000

3102 Louis Sherman Dr., Chicago Heights, IL 60475

Active
Last Updated: 03/28/2025

10,500 sqft

Building Size

1.35 acres

Lot Area

Details:
Building Size:    10,500 sqft
Lot Area:    1.35 acres
Units:    5
Year Built:    1987
Zoning:    B-3
MlsNumber:    12307982
Parking Spots:    40
Baths:    5
Highlights:
  • Lot Dimension: 125 x 400
  • Annual Tax: $ 36600.0
  • Ground Level: true
  • Max Contiguous Area: 10500.0
  • Min Divisible Area: 2100.0
  • Age: 31-40 Years Old
  • Lot Size: 1-2 Acres
  • Sewer: City
  • Water: City Water
Description:

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.

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