This exceptional 12,000 square foot property at 2435 N Cicero Ave, Chicago, IL 60639 presents a unique investment opportunity. Boasting a 90-year legacy of successful operation, this single-story building offers a prime location on Chicago's vibrant North side, perfectly suited for a used car dealership or similar enterprise. The property includes convenient access via two street aprons from Cicero Avenue, a third side street apron, and alley access, ensuring seamless vehicle flow. The site encompasses a well-maintained 750 square foot office building and a 550 square foot, two-car garage. The total land area is 12,000 square feet, providing ample space for operations. This single-unit property is offered for sale as a 1031 exchange opportunity. The property benefits from high foot traffic and proximity to numerous established businesses, including McDonald's, Walgreens, Dunkin', KFC, Subway, and Dollar Tree, all within a 900-foot radius. This is a rare chance to acquire a well-established property in a high-demand area. The asking price is $1,499,000.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$172,274
Hospitality
$157,802
Educational
$131,290
Medical
$135,805
Retail
$204,228
Location Insight
City
Chicago
County
Cook
State
Illinois
Latitude
41.9255
Longitude
-87.7461
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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