5724 N Lincoln Ave - Car Washes FOR SALE


Chicago, IL 60659- West Rogers Park
$7,500,000 USD
602-509-5800
5724 N Lincoln Ave, Chicago, IL for Sale
$7,500,000 USD
Car Washes - FOR SALE
1/6
null | Request Cap Rate

5724 N Lincoln Ave
Chicago, IL 60659
West Rogers Park


HIGHLIGHTS

  • Rare Opportunity to Acquire an Express Car Wash in the Downtown Chicago MSA
  • Brand New 2025 Construction | Located at the Hard Corner of a 4-Way Signalized Intersection (50,000 VPD)
  • Nearly 1 Million People Within a 5-Mile Radius | Extremely High Population Density
  • New Construction Square Footage Within a 5-Mile Radius Has Increased By Over 233% Versus Prior Period
  • West Ridge | A Premier North Side Neighborhood Less Than 10 Miles from Downtown Chicago

OVERVIEW

Rare Opportunity to Acquire an Express Car Wash in the Downtown Chicago MSA This is a rare opportunity to purchase a brand-new 2025 construction express car wash located within the Downtown Chicago MSA. Chicago is the third most populous city in the United States with a total population of 2,664,452 people making this an attractive opportunity from day one of ownership. This site is being delivered turn-key and is primed to be rebranded and start operations quickly. Brand New 2025 Construction | Located at the Hard Corner of a 4-Way Signalized Intersection (50,000 VPD) The Castle Car Wash is brand new construction that is slated to be delivered by the end of July 2025. The subject property is located at the hard corner of a 4-way signalized intersection that has a combined traffic count (Lincoln Ave & California Ave) of 50,000 vehicles per day. Lincoln Avenue bisects the North Chicago neighborhoods of Peterson Park, Lincoln Square and Ravenswood. This location has a 140-foot tunnel which can serve up to 150 cars per hour. This site is being built to handle a high volume of costumers. Nearly 1 Million People Within a 5-Mile Radius | Extremely High Population Density A key advantage of operating in the Downtown Chicago MSA is access to a consistently growing customer base. Chicago is a popular place to live and is ranked as one of the cities with the highest net migration in the country. There are 53,875 people within a 1-mile radius, 437,731 people within a 3-mile radius, and 936,042 people within a 5-mile radius. This car wash has a significant built-in customer base for a new owner to take advantage of. New Construction Square Footage Within a 5-Mile Radius Has Increased By Over 233% Versus Prior Period Within a 5-mile radius, there’s over 1.1M square feet under construction which is an increase of over 233% versus the prior period in 2024. There are over 2,400 multi-family units under construction within a 5-mile radius of the subject property. West Ridge | A Premier North Side Neighborhood Less Than 10 Miles from Downtown Chicago West Ridge is a premier North Side neighborhood located less than 10 miles north of Downtown Chicago and east O’Hare International Airport. The community received an “A” rating by Niche in 2024, based on quality of education, safety and employment opportunities. The 936,042 residents within a 5-mile radius of the subject property enjoy an average household income of $108,331. The neighborhood offers easy access to local Interstate Systems 90 and 94, in addition to O’Hare International Airport, utilized by 73 million travelers per year.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$1,384 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

-

APN/PARCEL ID

13-01-322-007-0000

ASK ABOUT THIS PROPERTY

Jack McAndrewEcho West Capital AdvisorsMore Info
602-509-5800

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Jack McAndrewEcho West Capital AdvisorsMore Info
602-509-5800

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