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$850,000 Contingent
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Property Description
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.
Full Property Details
Full Property Details for 3102 Louis Sherman Dr
General
- Price: $850,000
- Taxes: $30,200 (2023)
- Status: Contingent
- Type: Commercial
- Source: MRED
- MLS ID: 12463846
- Updated: 10/7/2025
- Added to Site: 136 day(s) ago
Business
- Business Type: Food & Beverage
Additional Information
- Security/Safety: Alarm on Site, Hydrants on Site
Location
- Area: Steger
- County: Cook
- Township: Bloom
- Driving Directions: From corner of Chicago and Steger roads, go east to Louis Sherman Dr, north to property.
- Location Details: South Suburban, Industrial Park
Heating & Cooling
- Cooling Type: Office Only
- Heating Type: Ceiling Units, Forced Air, Gas, Dual System
Structural Information
- Construction: Steel Siding
- Exterior Const.: Steel Siding
- Roof: Metal
- Drive-In Doors: 5
- Stories/Levels: 1
- Square Feet: 10,500
- Current Bldg. Use: Industrial
- Office: 3,000 Sq. Ft.
- Year Built: 1987
Unit Information
- # Tenants: 5
- Extra Storage Avail: Yes
Lot Features
- Lot Size (Acres): 0.57
- Lot Size (Sq. Ft.): 50,000
- Lot Dimensions: 125 x 200
- Potential Use: Industrial
- Zoning: INDUS
Financial Considerations
- Lease Price: $15
- For Sale/Rent/Lease: For Sale or Rent
- Operating Expenses: $39,200
- Security Deposit: Alarm On Site, Hydrants On Site
- Assessment Year: 1987
- Tax Amount: $30,200
- Tax Year: 2023
- Tenant Pays: Electricity, Heat, Insurance, Scavenger, Sewer
Disclosures and Reports
- Property ID: 32333150240000
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 3102 Louis Sherman Dr
School Districts:Steger School District 194, Bloom Township High School District 206
| Name | Grades | Distance |
|---|---|---|
Steger Intermediate Center 3411 Hopkins Street, Steger, IL 60475 | 2-4 | 0.4 mi |
Steger Primary Center 3411 Miller Avenue, South Chicago Heights, IL 60411 | PK-1 | 0.7 mi |
Columbia Central School 94 West Richton Road, Steger, IL 60475 | 5-8 | 1.2 mi |
Bloom Trail High School 22331 Cottage Grove Avenue, Chicago Heights, IL 60411 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3102 Louis Sherman Dr
Date
Details
Price
Change
Source
9/05/2025
Listed
$850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3102 Louis Sherman Dr
Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,288
-6%
$12,947
15%
2022
$4,558
7%
$11,252
—
2021
$4,256
2%
$11,252
—
2020
$4,171
10%
$11,252
7%
2019
$3,791
3%
$10,496
—
2018
$3,663
-1%
$10,496
—
2017
$3,710
2%
$10,496
3%
2016
$3,647
—
$10,191
—
2015
$3,632
—
$10,191
—
2014
$3,623
-5%
$10,191
-13%
2013
$3,826
2%
$11,781
—
2012
$3,750
—
$11,781
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3102 Louis Sherman Dr
3102 Louis Sherman Drive, Steger, IL 60475 (MLS# 12463846) is a Commercial property. 3102 Louis Sherman Drive is currently listed for $850,000 and was received on September 05, 2025. This property is listed by Mark Wright from our Southwest Office.Want to learn more about 3102 Louis Sherman Drive? Do you have questions about finding other Commercial real estate for sale in Steger? You can browse all Steger real estate or contact a Coldwell Banker agent to request more information.


