Description
Presenting a premier commercial asset located at 530 W Grand Ave in Elmhurst, one of Chicago's most sought-after suburbs. This approximately 10,000 sq. ft. facility sits on a generous 1.63-acre lot with 290 feet of frontage along Grand Avenue, offering exceptional visibility and accessibility. Designed to support a wide range of automotive and service-related operations, the property features 20 expansive service bays with 12-foot clearance. It is currently leased to four established tenants-including a car dealership, tire shop, mechanic, and detailing center-two of which are multinational brands. This solid tenant mix provides reliable, long-term rental income. Significant capital improvements were completed in 2024, including a new roof, professional tuckpointing, interior and exterior painting, and fully renovated restrooms, all of which enhance both functionality and curb appeal. Strategically positioned in a high-traffic corridor with convenient access to major transportation routes, the property benefits from strong regional demographics and sustained commercial demand. With its prime location, recent upgrades, and stable income stream, this property offers a compelling opportunity for investors seeking long-term value and growth.
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School Ratings & Info
Description
Presenting a premier commercial asset located at 530 W Grand Ave in Elmhurst, one of Chicago's most sought-after suburbs. This approximately 10,000 sq. ft. facility sits on a generous 1.63-acre lot with 290 feet of frontage along Grand Avenue, offering exceptional visibility and accessibility. Designed to support a wide range of automotive and service-related operations, the property features 20 expansive service bays with 12-foot clearance. It is currently leased to four established tenants-including a car dealership, tire shop, mechanic, and detailing center-two of which are multinational brands. This solid tenant mix provides reliable, long-term rental income. Significant capital improvements were completed in 2024, including a new roof, professional tuckpointing, interior and exterior painting, and fully renovated restrooms, all of which enhance both functionality and curb appeal. Strategically positioned in a high-traffic corridor with convenient access to major transportation routes, the property benefits from strong regional demographics and sustained commercial demand. With its prime location, recent upgrades, and stable income stream, this property offers a compelling opportunity for investors seeking long-term value and growth.
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