805 Hannah AveForest Park, IL 60130

Property Details for 805 Hannah Ave

Year built

1925

Lot size

0.13 AC

Property type

Auto shops

APN

15-13-403-042

APU

1513403042

Description

This turnkey auto repair shop in Forest Park, Illinois, presents a rare opportunity. Located at 805 Hannah Ave, 60130, this 5,495 square foot building boasts over 30 years of successful operation. The asking price is $600,000, with the building alone appraised at this value. All equipment, parts, and employees remain with the sale, ensuring a seamless transition. A recently acquired phone number from the previous owner is included. The layout is designed for maximum efficiency, and all mechanical systems are in good working order. The current owner will provide a three-month paid transition period to facilitate a smooth handover. An NFR letter confirms the absence of any EPA issues. This well-established business offers significant growth potential for a motivated buyer. This is a truly exceptional opportunity to acquire a profitable, established business with a strong track record and significant assets. The property is situated in Cook County, Illinois, offering convenient access to major transportation routes and a strong customer base.

• CAP approach

  CAP return

  Valuation

  6%

  $2,431,064

  6.5%

  $2,244,059

  7%

  $2,083,769

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,803,296

  Geo Method

  $1,803,296

• Alternative Use

  Use

  Valuation

  Residential

  $1,892,948

  Hospitality

  $1,733,930

  Educational

  $1,442,609

  Medical

  $1,492,223

  Retail

  $2,244,059

Location Insight

City

Forest Park

County

Cook

State

Illinois

Latitude

41.8719

Longitude

-87.8096

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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