3645 Union Ave - Warehouse FOR SALE


Steger, IL 60475
$1,250,000 USD
708-764-2890
3645 Union Ave, Steger, IL for Sale
$1,250,000 USD
Warehouse - FOR SALE
1/13
null | 8% 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 with 369’ of frontage on Union Ave. Income Producing Property -w- Potential for Additional Income Gross Income $120,000 annual / Net $103,000.00 Cap Rate 8% As of Nov 2024 Current Tenants w Leases & 90 day termination notice if Buyer is owner user. Front Building North Section 4,300 sf $3,000.00 month + Utilities , Auto Repair Mid Section 6,500 sf $2,000.00 month + Utilities South Section 2,100 sf $1,000.00 month + Utilities Rear Building 7,500 sf $4,000month + Utilities, Auto Works 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 Electric 200 Amp & 100 amp services / City Water & Sewer PROPERTY HIGHLIGHTS 8% Cap Rate / Low Will County Taxes $10,000.00 + Monthly Income Main Building features 15,528 sf with various ceiling heights from 10’6” to 18’9” Gas Heat and floor drain. North Section Measures 64’x61’ with CH of 18’9” and DID: 1-16’x16’ Middle Section Measures 182’ x 100’ with CH of 10’8” and 3 DID: 1- 10W x 12’6” T / 1- 12W x 10’T / 1-12’W x 11’T South Section Measures 60 x 40.73 with CH of 10’6” East Bay Measures 20’ x 60’ with CH of 11’3” DID: 1- 10’W x 12’ T ( Owners Use) East Building 7,500 sf Measures 60 x 125 used as a Boat / 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 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 Zoning B-3 City Water & Sewer Built in 1963 Real Estate Tax 2023 $16,207.56

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$53 USD /SF

CAP RATE

8%

% 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.