524-530 W Grand Ave - Auto Repair FOR SALE


Elmhurst, IL 60126
$3,200,000 USD
630-778-1855
524-530 W Grand Ave, Elmhurst, IL for Sale
$3,200,000 USD
Auto Repair - FOR SALE
1/50
null | 6.58% Cap Rate

524-530 W Grand Ave
Elmhurst, IL 60126


HIGHLIGHTS

  • Offers flexible configurations suitable for retail, office, or light industrial use
  • Prime Location
  • High Traffic Area

OVERVIEW

Introducing a premier commercial property at 530 W Grand Ave, Elmhurst, IL, offering an exceptional investment opportunity in one of Chicago's most desirable suburbs. This Approx 10,000 sq. ft. building is situated on a 1.63-acre lot with Grand Ave frontage of 290 feet. The property is equipped with 20 spacious service bays featuring 12-foot clearance, making it ideal for a range of automotive services and related businesses. Currently, the property houses four well-established tenants, including a car dealership, tire shop, mechanic shop, and detailing center, two of which are multinational brands, ensuring steady, long-term rental income. The facility has undergone comprehensive upgrades in 2024, including a new roof, professional tuckpointing, fresh exterior and interior paint, and fully renovated restrooms, enhancing both its functionality and aesthetic appeal. Positioned in a prime location with easy access to major transportation routes, this property benefits from a high-traffic area and strong regional demographics, making it highly attractive for continued commercial success. With its robust tenant base, strategic location, and recent capital improvements, this property represents an outstanding opportunity for investors seeking long-term value and growth potential.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$325 USD /SF

CAP RATE

6.58%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

107

LAND DETAILS

LAND ACRES

1.63 AC

LAND SF

71,003 SF

ZONING

I-1

APN/PARCEL ID

03-26-104-011

ASK ABOUT THIS PROPERTY

Jim BergeronBaird & Warner Real EstateMore Info
630-778-1855

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

Jim BergeronBaird & Warner Real EstateMore Info
630-778-1855

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