7525-7527 Wolcott AveChicago, IL 60626

Property Details for 7525-7527 Wolcott Ave

Property size (Sq ft)

15,000 SF

Property type

Specialty properties

Property subtype

Car washes

Description

This exceptional 15,000 sq ft. car wash facility, located at 7525-7527 N Wolcott Avenue in Chicago's Rogers Park neighborhood, is offered for sale at $1,499,000. Situated on a 16,000 sq ft. lot, this property boasts a 2,500 sq ft. mezzanine level perfect for storage and office space. Currently operating as a repair and body shop for over a decade, this versatile property holds two city business licenses for mechanical and body shop services. The extensive equipment includes seven lifts, an in-ground dynamometer, a paint booth, an oil waste tank, and exhaust fans compliant with all codes. The building features five ceiling-mounted heating units and a recently updated roof (L-shaped section in 2017, smaller section in 2022). Its prime location offers easy access to Evanston, Lake Shore Drive, and Sheridan Beach. The property's zoning allows for diverse redevelopment opportunities, including conversion to a gym, warehouse, distribution center, storage facility, or condominium development. Annual real estate taxes for 2023 were $27,500. This is a rare opportunity to acquire a well-established business with significant upside potential in a desirable location. The business operates Monday through Friday.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

42.0186

Longitude

-87.6772

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