For Sale
$749,000

215 25Th Ave Bellwood, IL 60104

12,221 SF Auto Shop, Multi-Tenant

Overview

Added:
Dec 11, 2024
Days on market:
127
This fee-simple, multi-tenant property at 215 25th Ave, Bellwood, IL 60104, offers a unique investment opportunity. The 12,221 square foot building sits on an 18,600 square foot lot and features two tenants, with one lease expiring December 31, 2024. The ground floor comprises approximately 6,100 square feet, including 1,500 square feet of finished offices, 4,000 square feet of shop area, and restrooms. Amenities include a 10-foot ceiling height, one dock-high door, and parking for approximately 20 vehicles. The second floor offers another 6,100 square feet, featuring 4,000 square feet of office space, a conference room, and two kitchens, also with a 10-foot ceiling height. Built in 1929, this two-story building is zoned B2 and benefits from its location within a Tax Increment Financing (TIF) District, offering potential incentives. The property's prime location on 25th Avenue, less than half a mile from I-290, provides easy access to major transportation routes and is within a 25-minute drive of the Chicago Loop and a 20-minute drive from O'Hare International Airport. Ideal for various uses, including auto repair, storage, and other commercial ventures. The asking price is $749,000 ($61.29/sq ft).

Highlights

  • Value-add opportunity: B2 zoning; located in a Tax Increment Financing (TIF) District offering potential incentives. Contact Bellwood's Economic Development Department for details.
  • Significant expansion and repositioning potential with maximum allowable industrial/commercial usage.
  • Several gross leases offer conversion potential to NNN leases, benefiting new or existing owners/users.
  • Strong local economic development: Prologis-built, 300,000 SF warehouse (Pures Food tenant) recently completed – Bellwood's first large industrial building in 70 years.
  • New QuikTrip fueling center under construction (Spring completion).
  • New 80-unit senior living facility under construction (Summer completion).

Property Details for 215 25Th Ave

Property type
Retail properties, Auto shops
Square Feet
12,221 SF
Year Built
1929
Buildings
1
Stories
2

Location Insight

City
Bellwood
County
Cook
State
Illinois
Latitude
41.8712527
Longitude
-87.8632156
215 25Th Ave, Bellwood, Illinois

FAQs

What type of property is this?
Retail property - 12,221 SF Auto Shop, Multi-Tenant
Where is the retail property located?
The property is located at 215 25Th Ave Bellwood, IL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Value-add opportunity: B2 zoning; located in a Tax Increment Financing (TIF) District offering potential incentives. Contact Bellwood's Economic Development Department for details.; Significant expansion and repositioning potential with maximum allowable industrial/commercial usage.; Several gross leases offer conversion potential to NNN leases, benefiting new or existing owners/users.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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215 25Th Ave
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