4940 Main StSkokie, IL 60077

Property Details for 4940 Main St

Year built

1956

Lot size

0.23 AC

Property type

Auto shops

APN

10-21-225-083

APU

1021225083

Description

This profitable, turnkey auto repair shop in Skokie, IL, is available for $180,000. Located on Main Street, this 6,000 square foot, single-story building sits on a 10,062 square foot lot and includes 6 parking spaces. The property is zoned B2 and features state-of-the-art equipment, a strong customer base cultivated over 25 years, and experienced staff. Financial records are available upon request with a signed NDA, demonstrating consistent revenue and strong profit margins. The two-bay setup offers efficient operations with potential for expansion. All equipment, inventory, and customer relationships are included in the sale. This presents a unique opportunity for an experienced mechanic or entrepreneur seeking a stable and growing business. The property's prime location in a high-traffic area ensures excellent visibility and accessibility, attracting a steady stream of customers. This is a truly turnkey operation ready for immediate success. The APN is 99999990000000.

• CAP approach

  CAP return

  Valuation

  6%

  $4,452,378

  6.5%

  $4,109,887

  7%

  $3,816,324

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,302,650

  Geo Method

  $3,302,650

• Alternative Use

  Use

  Valuation

  Residential

  $3,466,844

  Hospitality

  $3,175,610

  Educational

  $2,642,070

  Medical

  $2,732,935

  Retail

  $4,109,887

Location Insight

City

Skokie

County

Cook

State

Illinois

Latitude

42.0338

Longitude

-87.7514

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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