3102 Louis Sherman Drive Steger, IL $ 850,000
3102 Louis Sherman Drive
$ 850,000
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3102 Louis Sherman Drive

Steger, IL, 60475
$ 850,000
Bedrooms-- Baths-- Sq 10,500

Monthly Estimate*

$ 5,303

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Commercial Property for sale in Steger, IL

for $850,000. This 10,500 square foot building was built in 1987 on a lot size of 0.57.

Multi-Tenant investment or Owner User light industrial building with available fully fenced and gated outside storage yard (Storage yard available For Sale on separate listing agreement). 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. 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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Commercial Contingent

Price

$ 850,000

Property Type

Commercial

Taxes

$ 30,200

Style

Food & Beverage

Lot Size

0.57

Year Built

1987

Town/City

Steger

County/Region

Cook

MLS | Web ID

12463846

Features
General
Cooling Office Only
Roof Metal
Zoning INDUS
Construction Materials Steel Siding
Year Built 1987
Electric Circuit Breakers Service - 201 to 600 Amps Three Phase
Tenant Pays Electricity Heat Insurance Scavenger Sewer
Stories Count 1
Township Bloom
Tax Year 2023
Current Use Industrial
Gross Income 148175
Business Type Food & Beverage
County Cook
Net Operating Income 130170
Operating Expense 39200
Property Type Commercial Sale Industrial
Contingency Attorney/Inspection
Possible Use Industrial
Status Contingent
Directions From corner of Chicago and Steger roads go east to Louis Sherman Dr north to property.
City Steger
Number Of Units Total 5
MLS Area Steger
Lot Size Square Feet 50000
Tax Annual Amount 30200
Additional Parcels Y/N Y
Leasable Area 6938
Virtual Tour https://nmiller-photography.aryeo.com/sites/nxpvzae/unbranded
Lease Type Gross
Standard Status Active Under Contract
Cap Rate 13
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Exterior
Building Area Total 10500
Lot Dimensions 125 X 200
Lot Size Acres 0.57
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* Excluded Features
List By
Coldwell Banker Realty

Broker

mark.wright22@icloud.com

Email

Affordability Calculator

$7,820
Per Month
68%
32%
0%
Monthly Principal & Interest
$5,303
Monthly Property Taxes
$2,517
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/5/2025$850,000 Listed Price

Map


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3102 Louis Sherman Drive, Steger, IL, 60475 is a Commercial Property for sale at $850,000 with 10,500 sqft and a lot size of 0.57. 3102 Louis Sherman Drive was built in 1987. The property's zip code is 60475 which is in Steger, IL