$ 3,200,000
524-530 W Grand AVE Elmhurst, IL 60126
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$ 3,200,000
Est. payment /mo
Price Dropped by $100K
524-530 W Grand AVE Elmhurst, IL 60126
9,976 SqFt
UPDATED:
10/25/2024 06:08 AM
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 9,976 sqft
Price per Sqft $320
MLS Listing ID 12152242
Year Built 1999
Annual Tax Amount $27,782
Tax Year 2023
Lot Dimensions 1.63
Property Description
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.
Location
State IL
County Dupage
Area Elmhurst
Zoning COMMR
Interior
Cooling Office Only
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Water to Site
Roof Type Rubber
Building
Dwelling Type Retail/Stores
Structure Type Brick,Steel Siding
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Majji Bhatti • Baird & Warner