Auto Dealership with C2-2 Zoning on Prime Western Ave., in Chicago
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Mixed-Use Building with an updated 2 bedroom 1 bath apartment on the 2nd floor for extra income while you run your business. Great opportunity to acquire a highly visible mixed use property zoned C2-2 "Currently being operated as an automotive property on busy Western Ave., in Chicago. Currently operated as an active car dealership the property offers a practical setup for both vehicle sales and service including an approximate 3100 sq ft lot with capacity for approximately 35 to 40 vehicles plus a rear garage/service area equipped with a lift for repairs and maintenance. This property is well suited for an owner-operator and the 2 bedroom apartment on the 2nd floor is currently rented out for $1,200 a month ~ Note: Their is a 2nd PIN for the parking lot estimated at 3,100 sq ft inclluded in this price.
(Owner has operated the adjacent property next door at: 7407 Western Ave. since 2016 and is currently also offered for sale at $399,999 and may be purchased separately or as a combined acquistion) This creates a rare opportunity for an owner user or investor to secure additional frontage, parking, operational/office space for future expansion.
(Owner has operated the adjacent property next door at: 7407 Western Ave. since 2016 and is currently also offered for sale at $399,999 and may be purchased separately or as a combined acquistion) This creates a rare opportunity for an owner user or investor to secure additional frontage, parking, operational/office space for future expansion.
About the Property
- Type
- Other Business Real Estate
- Building Status
- Established
- Facilities & Assets
- Mixed-use two-story property featuring an established automotive operation on the main level with a front reception/office area including a wrap-around desk, 2 additional private offices, full size kitchenette, and main floor restroom. The 2nd floor includes a residential apartment with full kitchen, bathroom, 2 bedrooms, living room and dining room offering additional income (Currently rented for $1,200 a month) or owner-use potentia. There is also a full partially finished basement with washer and dryer and plenty of storage. The rear garage/service building is equipped with an automotive lift for mechanical or service work along with on-site vehicle display parking for a footprint of approximately 35-40 vehicles and 28 cameras througout the lot and building.
- Location Description
- Exceptional visibility on hard corner of busy Western Ave.., Zoned C2-2 with a 2 bedroom apartment on the 2nd floor for additional income or work where you live
- Current and Prior Use
- Current and prior use has been an automotive dealership with on-site vehicle sales with rear garage/service area with lift for repairs and an approximate 3100 sq ft lot providing/display capacity for approximately 35 vehicles.
- Year Built
- 1974
About the Sale
- Furniture, Fixings and Equipment
- Included in Asking Price
- Financing
- Seller may assist with owner financing with strong financials and down payment
- Current Property Expenses
- 2nd floor tentant pays their own electric, gas and water bill. The business pays property taxes:
Parcel No.: 20-30-123-039-0000 for 2024 was $14,888.29 and Parcel: 20-30-123-007-0000 was $1,451.50; electric: $1,800; Gas: $900; Garbage: $840; Water: $480 (All these numbers are approximate total approximately: $21,000 per yr w/o building insurance.
Listing Info
- ID:
- 2548685
- Listing Views:
Attached DocumentsAttachment Disclaimer
Listing ID: 2548685 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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