3645 Union Ave, Steger, IL

Retail for Sale - $1,250,000 - 15,528 Sq. Ft. on 5 acres


Agent Info

Kenneth Peach
Coldwell Banker Realty

Property Info

CIMLS#1165418
Location
  3645 Union Ave
  Steger IL 60475
UpdatedJanuary 13th, 2025
TypeRetail
Price$1,250,000
Building15,528 Sq. Ft.
Land5 acres

Property Description

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


Financials



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