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$ 550,000
Est. payment | /mo
6,761 SqFt
$ 550,000
Est. payment | /mo
6,761 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 6,761 sqft
Price per Sqft $81
MLS Listing ID 12659360
Year Built 1970
Annual Tax Amount $15,531
Tax Year 2024
Lot Dimensions 110X177
Property Sub-Type Retail/Stores
Property Description
We are pleased to offer this income-producing automotive investment opportunity located in the Burnham Commercial Subdivision of Lynwood, Illinois. The property consists of a 6,761 SF automotive service facility situated on approximately 0.62 acres (2 PINs) directly across from Lansing Municipal Airport. Currently occupied and generating income, the property offers an attractive CAP Rate at the asking price while providing future upside potential through tenant retention, lease restructuring, re-tenanting, or owner occupancy. The building features six drive-in service bays, ample parking, outdoor storage potential, and excellent visibility along Burnham Avenue. Conveniently located near the intersection of Burnham Avenue and Glenwood Lansing Road, where approximately 24,100 vehicles pass daily, with easy access to I-94, I-80, I-294, and Route 83. Automotive facilities of this size and functionality are increasingly difficult to replace due to zoning restrictions, permitting requirements, and rising construction costs. Potential seller financing available.
Location
State IL
County Cook
Area Lynwood
Zoning COMMR
Interior
Cooling Central Air, Office Only
Fireplace N
Building
Dwelling Type Retail/Stores
Structure Type Block
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Listed by Denise Raines of Raines Realty Ltd.