3645 Union Ave - Warehouse FOR SALE


Steger, IL 60475
$999,500 USD
708-764-2890
3645 Union Ave, Steger, IL for Sale
$999,500 USD
Warehouse - FOR SALE
1/13
null | 9.28% Cap Rate

3645 Union Ave
Steger, IL 60475


HIGHLIGHTS

  • Income Producing Property of 5+ Acres
  • Room to Expand, Multiple Tenants, Low Will County Taxes

OVERVIEW

5.19 Acres +/- site w 369’ of frontage on Union Ave. Gross Income $120,000 annual / Net $92,239.44.00 Cap Rate 9% $10k+ Monthly Income Main Building 15,528 sf w various ceiling heights from 10’6” to 18’9” Gas Heat and floor drain. North Section 4,300 sf 64’x61’ with CH of 18’9” and DID: 1-16’x16’ $3,000.00 month + Utilities, Auto Repair Middle Section 6,500 sf 182’ x 100’ w CH of 10’8” & 3 DID: 1- 10W x 12’6” T / 1- 12W x 10’T / 1-12’W x 11’T $2,000.00 month + Utilities South Section 2,100 sf Measures 60 x 40.73 with CH of 10’6” $1,000.00 month + Utilities East Bay 1,200 sf 20’ x 60’ with CH of 11’3” DID: 1- 10’W x 12’ T (Owners Unit to be rented for additional $700.00 per month) East Building 7,500 sf Measures 60 x 125 used as a Auto Repair facility CH 15’6” 4 DID: 10’W x 12’T 2 DID: 22’W x 14’T 2 DID 10’ W x 14’T Leased $4,000.00 Monthly + Utilities Additional Building to North of Main Building Needs major renovations and or tear down 2,685 sf Total Square Feet under roof between 3 Buildings 25,713 sf Real Estate Tax 2023 $16,207.56 / Insurance $9,553.00 CAM $2,000.00 Owners Expense Total 27,760.56 Leases w 90-day termination notice if Buyer is owner user. Electric 200 Amp & 100 amp ZONING B-3

FOR SALE DETAILS

PRICE

$999,500 USD

PRICE/SF

$42 USD /SF

CAP RATE

9.28%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Auto Dealership, Auto Repair, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

UTILITIES

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

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

11

PARKING SPACES

15

LAND DETAILS

LAND ACRES

5.3

LAND SF

230,868

ZONING

B-3

APN/PARCEL ID

23-15-04-116-048-0000

ASK ABOUT THIS PROPERTY

Kenneth PeachColdwell Banker Commercial RealtyMore Info
708-764-2890

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Kenneth PeachColdwell Banker Commercial RealtyMore Info
708-764-2890

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