5556 Western AveChicago, IL 60659

Property Details for 5556 Western Ave

Year built

1954

Lot size

0.17 AC

Property size (Sq ft)

1,400 SF

Property type

Auto shops

APN

13-12-209-046

APU

1312209046

Description

This exceptional investment opportunity presents a thriving, owner-operated auto repair business, body shop, and car dealership located at 5556 N Western Ave, Chicago, IL 60659. The property boasts a prime location on busy Western Avenue, offering significant visibility and accessibility. The 7,500 square foot building, constructed in 1960, sits on a 0.36-acre lot and includes 30 parking spaces, ensuring ample room for customers and inventory. Currently operating at 100% occupancy, the business generates annual sales of $700,000. The property is zoned C2-3, allowing for continued operation and potential expansion. This single-story building is a Class C property, offering a solid foundation for continued success. The sale includes the business and the real estate, presenting a unique owner-user investment opportunity. The property consists of one building on two parcels (APN: 13-12-209-047-0000 & -046-0000). Serious inquiries only

• CAP approach

  CAP return

  Valuation

  6%

  $619,492

  6.5%

  $571,839

  7%

  $530,993

• Comparable approach

  Method

  Valuation

  Relative Method

  $459,522

  Geo Method

  $459,522

• Alternative Use

  Use

  Valuation

  Residential

  $482,367

  Hospitality

  $441,846

  Educational

  $367,611

  Medical

  $380,253

  Retail

  $571,839

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.983

Longitude

-87.6898

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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