524 Grand AveElmhurst, IL 60126

Property Details for 524 Grand Ave

Year built

1999

Property size (Sq ft)

9,976 SF

Property type

Specialty properties

Property subtype

Retail properties

Description

Exceptional investment opportunity in Elmhurst, Illinois, presents a 9,976 square foot mixed-use property ideally suited for automotive services and retail. This property, located at 524-530 W Grand Ave, boasts a prime location with 290 feet of Grand Avenue frontage on a 1.63-acre lot (71,003 sq ft). The building, constructed in 1999, features four units currently occupied by well-established tenants, including two multinational brands, generating a strong net operating income (NOI) of $210,445 and a 6.58% cap rate. The asking price is $3,200,000, translating to $330 per square foot. The property includes 20 spacious service bays with 12-foot clearance and 16.1-foot ceilings. Recent upgrades (2024) include a new roof, tuckpointing, fresh paint (interior and exterior), and fully renovated restrooms. The property's commercial zoning and convenient access to major transportation routes contribute to its high-traffic location and strong regional demographics, ensuring continued commercial success. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location with significant growth potential. The DuPage County location, with APN 0326104011, offers investors a stable and lucrative investment.

Location Insight

City

Elmhurst

County

DuPage

State

Illinois

Latitude

41.9284

Longitude

-87.9581

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].