265 Irving Park RdStreamwood, IL 60107

Property Details for 265 Irving Park Rd

Year built

1963

Lot size

0.52 AC

Property type

Auto shops

APN

06-26-111-002

APU

626111002

Description

This exceptional 2,489-square-foot auto shop presents a lucrative investment opportunity in Streamwood, Illinois. Located at 265 E Irving Park Rd, this single-story, 1963-built building sits on a half-acre lot boasting outstanding corner visibility at a signalized intersection. The property benefits from its location in a grocery-anchored outlot, ensuring high traffic volume. With excellent ingress and egress, the site features a fully paved and secured parking lot accommodating 27 vehicles. Prominent signage is visible from both Irving Park Road and Park Boulevard, maximizing exposure to the 33,650 vehicles passing daily. The asking price is $925,000, translating to $371.64 per square foot. Convenient access to major highways, including I-90, I-290, and I-355, further enhances its appeal. This turnkey operation is ideal for an established auto business or a savvy investor seeking a high-traffic location in a thriving commercial area of Cook County. The property's strong fundamentals and strategic location make it a compelling investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $5,972,084

  6.5%

  $5,512,693

  7%

  $5,118,929

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,756,364

  Geo Method

  $7,385,175

• Alternative Use

  Use

  Valuation

  Residential

  $4,650,162

  Hospitality

  $4,259,524

  Educational

  $3,543,874

  Medical

  $3,665,753

  Retail

  $5,512,693

Location Insight

City

Streamwood

County

Cook

State

Illinois

Latitude

42.0119

Longitude

-88.1766

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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